Death of Jacques R. Saadé, founding President of the CMA CGM Group
It is with infinite sadness that the CMA CGM Group has announced the death of Jacques R. Saadé, Founding President of the CMA CGM Group, on the 24th of June 2018 at the age of 81.
Mr 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.
After having left Lebanon to protect his family for Civil War, Mr Saadé founded the Compagnie Maritime d’Affretement (CMA) 40 years ago, on 13th September 1978, anticipating major developments in world trade and convinced that the container would have a determining role in world maritime transport.
Mr Saadé began with four employees, a single ship and only one maritime service between Marseilles and Beirut. Then began the company’s extraordinary development. 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.
Mr Saadé combined vigorous internal growth with strategic acquisitions allowing him to strengthen the company’s presence in key markets: CGM in 1996, ANL in 1998 and Delmas in 2005. In 2006, the company became the third largest container shipping company in the world.
With strong ties to the city of Marseilles, where the Group was founded, Mr Saadé built the CMA CGM Tower in 2006, the new headquarters of the Group and now a symbol of the city of Marseilles.
Mr Saadé was always attentive to strengthening the ties between France and Lebanon.
Mr Saadé was a recognised industry leader with a worldwide reputation. In 2013, he 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 Mr Saadé 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, Mr Saadé was conferred the title of Commander of the French Legion of Honour by the President of France. The following year he was named Commander of the Ordre National du Mérite Maritime.
On 7th February 2017, on his 80th birthday, Mr Saadé appointed Rodolphe Saadé to the position of CEO of the CMA CGM Group and then appointed him Chairman of the Board of Directors on the 24th of November, the same year.