The French liner shipping company CMA CGM [ds_preview]has announced a change in the top management. Michel Delville succeeds Michel Sirat as Chief Financial Officer.
Sirat will continue to support the Group on strategic development missions, the No. 3. in the world market said in a statement. Before joining CMA CGM, Michel Delville was CFO of Saft Group, a leading company in high technology batteries. Prior to this, he was CFO and member of the Executive Committee at Imerys. This is a company active in mineral-based specialties, which he joined 1999. Delville started his career at the Schlumberger group where he held various financial responsibilities in France and abroad for ten years. He is a graduate of law with a MBA from the University of Liège (Belgium) and a graduate of INSEAD.
»Important contribution«
»CMA CGM wishes to thank Michel Sirat for his important contribution to the Group«, CMA CGM said. Furthermore he played »a critical role« in reinforcing the financial strength and flexibility leading major projects. These have been: CMA CGM‘s financial reorganization completed in 2013 as BPI France entered into CMA CGM capital, the issue of bonds in 2013 and 2015 as well as finally the acquisition of NOL. The latter would have been a »key milestone in the development of the Group as well as its largest acquisition to date.«
