Founding President of CMA CGM Group Jacques R. Saadé passes away

25 June, 2018: Founding President of CMA CGM Group Jacques R. Saadé passed away on the 24th of June 2018, at the age of 81.

A recognised industry leader, Jacques R Saadé dedicated his life to CMA CGM. He made the group into a world leader in the maritime transport of containers, developing the company in more than 160 countries, while maintaining the family dimension with its values.

After having left Lebanon to protect his family for civil war, Jacques R Saadé founded the Compagnie Maritime d’Affretement (CMA) 40 years ago, on 13 September 1978, anticipating major developments in world trade and convinced that the container would have a determining role in world maritime transport.

He began with 4 employees, a single ship and only one maritime service between Marseilles and Beirut. In 1983, he sent his first ships beyond the Mediterranean and had them cross the Suez Canal. In 1986 he launched a service linking North Europe to Asia. In 1992 he opened CMA’s first office in Shanghai, persuaded that China would become the world’s factory.

He combined vigorous internal growth with strategic acquisitions allowing him to strengthen the company’s presence on key markets: CGM in 1986, ANL in 1998 and Delmas in 2005. In 2006, the company became the third largest container shipping company in the world.

In 2013, Jacques R. Saadé received one of the highest decorations of the City of Hamburg, the Admiralitäts-Portugaleser. He also received an Honorary Doctorate from the American University in Lebanon, as well as Lebanon’s National Order of the Cedar. In 2014 he also received an award from the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) for encouraging the economic development and conveying a positive image of the Mediterranean Basin, as well as promoting peace and tolerance worldwide. In 2015, he was conferred the title of Commander of the French Legion of Honor by the President of France. The following year he was named Commander of the Ordre National du Mérite Maritime.

In February, 2017, on his 80th birthday, Jacques R. Saadé, appointed Rodolphe Saadé to the position of chief executive officer of the CMA CGM Group and then appointed him chairman of the Board of Directors on the 24th of November, the same year.