Jacques Saade is handing over the chief executive’s reins at CMA CGM to his son Rodolphe.

While the CMA CGM founder would typically expect to be receiving the gifts on his 80th birthday, he chose the occasion to present the top job to the next generation.

Saade senior, who will keep the chairman’s seat, said: “Rodolphe has proven himself over the years, and he has my deepest trust as chief executive officer of the group.”

“I