DPW: DP World CEO Resigns Amid Epstein Ties Exposure

CEO and Group Chairman Sultan Ahmed bin Sulayem of DPW (NYSE: DPW) resigned effective immediately following the public exposure of his ties to convicted child sex offender Jeffrey Epstein. Essa Kazim has been appointed chairman and Yuvraj Narayan Group CEO. Sulayem, pivotal in DPW’s $6.8 billion acquisition of P&O in 2006, oversaw operations handling 1 million containers annually across six continents, including logistics and warehouse operations in four U.S. locations. The Department of Justice released previously redacted Epstein emails on Monday, linking Sulayem to the financier in discussions spanning a decade after Epstein’s 2008 conviction. DPW faced its first institutional investor fallout as Canada’s second-largest pension fund and a British investment fund suspended investments.