DP World ropes in Rizwan Soomar as new CEO, MD of Indian Subcontinent region
November 24, 2017: DP World has appointed Rizwan Soomar, as the new CEO and Managing Director for its Indian Subcontinent region with effect from 1st January 2018.
November 24, 2017: DP World has appointed Rizwan Soomar, as the new CEO and Managing Director for its Indian Subcontinent region with effect from 1st January 2018.
Soomar replaces former SVP & managing director Anil Singh who is taking over new responsibilities outside India.
Commenting on his appointment Soomar said, “I am honoured to be appointed to this position and it is a privilege to be part of a business that has played a vital role in shaping India’s growing maritime trade for more than a decade. The sector is undergoing major transformation and I am excited of the opportunities that lie ahead. I am confident that with the expertise and experience of our team globally, we will help the region develop cost effective logistics and warehousing solutions to efficiently serve the growing export and import trade.”
Soomar has spent over two decades in the maritime and logistics industry with senior leadership roles at AP Moller Maersk Group including tenures as managing director of the group’s logistics arm in Egypt, managing director for Maersk Line – India & Sri Lanka and vice president and global COO of Svitzer.
DP World has invested in the development of 5 international gateway ports in India and has a strategy of developing existing facilities rather than building more greenfield sites, with the aim of reaching internal markets, investing in cold storage facilities and networks and using coastal and inland waterways to increase efficiencies and lower costs. The focus of the global trade enabler is on growing operations and it announced an intention to seek opportunities worth over $1billion last year.
