MSC has appointed Ammar Kanaan as CEO of its ports arm, Terminal Investment Limited (TiL), effective from April 9. Kanaan replaces Vikram Sharma, who will retire from his position as CEO of TiL. Sharma saw the company’s portfolio of terminals nearly triple in size during his nine-year tenure at the top.
As the founder and chairman of International Port Management, Kanaan brings a wealth of expertise and 30 years’ experience in the transport and port sectors. He has built companies focused on port management, transport engineering and transport consulting and also led the development and operations of MSC’s joint venture terminal at King Abdullah Port in Saudi Arabia.
Commenting on the change in management, Diego Aponte, president and CEO of MSC and chairman of TiL, said: “The appointment of Ammar Kanaan further strengthens our port terminal investment business. I would like to thank Vikram Sharma for his commitment, hard work and dedication. He has been instrumental in ensuring TiL’s successful growth over the years.”