SINGAPORE (Nov 27): CMA CGM Group, the world’s third-largest container shipping company, gave Chief Executive Officer Rodolphe Saade the additional role of chairman after the French liner swung to a profit in the third quarter.

Saade, who was appointed CEO in February, will take over from his father, current chairman and founder Jacques Saade, according to an e-mailed statement from the company over the weekend.

Rodolphe Saade’s strategy as CEO “has delivered very good operational and financial results,” the senior Saade said in the statement. “The Group is strong. I am confident in its future. He has the full support of the Board of Directors,” the management team and workers, he said.

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