Jacques R. Saadé, the founding president of CMA CGM Group, passed away on June 24 at the age of 81.
Saadé founded Compagnie Maritime d’Affretement (CMA) 40 years ago with four employees and a single ship, anticipating major developments in world trade and convinced that the container would have a determining role in maritime transport.
In a statement, the French company, now the world’s third largest container line, said: “Jacques R. Saadé dedicated his life to CMA CGM.
“An extraordinary visionary and entrepreneur, 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.”
