The new Ceva’s performance is ‘on target’ as CMA CGM takes full control

CMA CGM is now fully in control of Ceva, holding more than 98%, and is filing a claim to cancel any outstanding shares. 
Following yesterday’s AGM, Ceva announced management changes that will see chief executive Xaiver Urabin, who has turned around the business, become executive advisor to the new chairman, CMA CGM’s Rodolphe Saadé. 
Ceva’s new CEO will be group chief operating officer Nicolas Sartini, while Apollo-appointed Marvin Schlanger, who had a brief period as chief executive and chairman of Ceva, has not …

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Source: The Loadstar

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