Jacques Saadé
Encyclopedia
Biographie
Jacques R. Saadé was born in Beirut, Lebanon, in 1937. He is the Founder and Chief Executive Officer of CMA CGMCMA CGM
CMA CGM S.A. is a French container transportation and shipping company, headed by Jacques Saadé. It is the third largest container company in the world, using 200 shipping routes between 400 ports in 150 different countries...
http://www.cma-cgm.com/.
Graduated from the London School of Economics in 1957, he took over the family business in 1958 at his father’s death. In 1978, and following events in Lebanon, he decided to settle in France and created in Marseille, CMA (Compagnie Maritime d’Affrètement), a shipping company.
Thanks to a strategy based on anticipating market changes – such as in China – and on a focus on large scale container ships, Jacques R. Saadé secured a leading position among the world’s ship owners as early as 1995.
CMA CGM Group aspires to improve the service it provides to its clients, by investing in modern and efficient ships, in new port terminals, in the development of a new domestic transportation network and in staff training. In 2006, he launched the construction of the Group’s new head office. The CMA CGM tower, designed by Zaha Hadid (2004 Pritzker Prize), consists of 33 floors.
Jacques R. Saadé is Chairman of the Board of CMA CGM as well as President of the Franco-Lebanese Chamber of Commerce since 1986. He was named Head of the Medef Ukraine Committee (comité Ukraine) (the French CEO’s and Managing directors Union, Medef International) since 2006 – and member of the European Liners Affairs Association (ELAA). Jacques R. Saadé is Officer of "the Order of Cedar" and "Officier" of the Légion d’Honneur.
In May 2007, Jacques R. Saadé, was named "Personality 2007" by the international magazine Seatrade, for having progressively built up his CMA CGM Group into the world's third largest container shipping company. In October 2007, he received the prestigious Manley-Bendall award from the French Académie de Marine, and was awarded an Honorary Degree by the Arab Academy for Science, Technology and Maritime Transport in Alexandria.
In 2009, the CMA CGM Group took delivery of its first 11,400 teu container ship, CMA CGM ANDROMEDA, equipped with the latest environmental technology. It symbolizes the desire of Jacques R. Saadé to protect the world’s oceans and fight against climate change.
CMA CGM is awarded "Ocean Carrier of the Year" by the world n°1 retailer.
In late 2009, the Group takes delivery of CMA CGM CHRISTOPHE COLOMB (13,300 teu), equipped with latest environmental technologies.
In 2010, the Group is rewarded with INTTRA Carrier of the Year and SONY Best Partner Carrier Award. In November, the Group signs an agreement with the family-run Turkish industrial group, YILDIRIM. The agreement enables CMA CGM to strengthen its equity base and secure the financing of its investment plan.
In 2011, Jacques R. Saadé is appointed Chief Executive Officer of CMA CGM Group.
September 2011, CMA CGM is awarded ”Company of the Year” by the renowned Lloyd’s List journal for its reactivity and capability of innovation in order to meet each customer demand.
Today, CMA CGM is the world’s third largest container shipping company and number one in France. With a fleet of 389 vessels, the Group serves over 400 ports of call. In 2010, it transported a total of 9 million TEU (twenty-foot equivalent units) for total estimated revenues of 14.3 billion US dollars. With a presence on all continents and in 150 countries through its 650 agencies, the Group employs over 17,200 people worldwide, including over 4,150 in France.
KEY DATES
1937 - Born in Lebanon
1957 - Graduates from the London School of Economics
1978 - War in Lebanon. Jacques R. Saadé moves to Marseilles and founds the CMA (Compagnie Maritime d’Affrètement)
1992 - Opening of an office in Shanghai. China becomes the Group’s most important destination
1996 - Jacques R. Saadé acquires CGM (Compagnie Générale Maritime) following a privatization
1998 - Acquisition by CMA of the National Australian Line ANL
1999 - Merger of CMA and CGM and creation of the CMA CGM Group
2004 - The CMA CGM Group becomes the world’s 5th largest shipping company
2004 - Acquisition of The Compagnie des Iles du Ponant
2004 - Acquisition of Tapis Rouge
2005 - Acquisition by CMA CGM of the DELMAS group (Otal, Linea Setramar S.p.A., SudCargos)
2005 - The CMA CGM Group becomes the world’s 3rd largest shipping company and number one in France
2006 - The Group launches the construction of a 147 metre-high new Headquarters building designed by the renowned architect Zaha Hadid
2006 - Alliance between CMA CGM and Veolia Environnement in rail transportation
2006 - Partnership with IBM to develop an even higher performance information system
2007 - Acquisition of the Chinese Company Cheng Lie Navigation Ltd
2007 - Acquisition of the Moroccan company COMANAV
2007 - Acquisition of the American company US Lines
2008 - Acquisition of the insurance Broker ARB in London
2008 - Delivery of a new container ship of record high capacity of 11,000 teu
2008 - CMA CGM named Company of the Year by International Freighting Weekly (IFW)
2009 - Delivery of the CMA CGM ANDROMEDA, first 11,400 teu container ship with green technology in favor of the environment
2009 - CMA CGM awarded "Ocean Carrier of the Year" by the world N°1 retailer
2009 - Jacques R. Saadé is named Officer of the Legion d’Honneur
2009 - The Group takes delivery of CMA CGM CHRISTOPHE COLOMB (13,300 teu), equipped with the latest environmental technologies
2010 - Jacques R. Saadé is appointed Chairman of the board
2010 - The Group is rewarded with INTTRA Carrier of the Year and SONY Best Partner Carrier Award
2010 - November 25th, the Group signs an agreement with the family-run Turkish industrial group, YILDIRIM
2011 - Jacques R. Saadé is appointed Group Chairman and Chief Executive Officer of CMA CGM Group
2011 - September 2011, CMA CGM is awarded "Company of the Year" by the renowned Lloyd’s List journal