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DP World announces retirement of board member

Staff writer |
Dubai, United Arab Emirates - April 28, 2014, Dubai, United Arab Emirates - DP World, a marine terminal operator, announces the retirement of David Williams as an independent non-executive director, effective today.




Mr. Williams also served as Chairman of the Audit Committee, Member of the Nominations and Governance Committee and Member of the Remuneration Committee. He has served as an Independent Non-Executive Director of the Company since 30 May 2007.

He is currently Joint Chairman of Mondi plc and Senior Independent Non-Executive Director of Meggitt plc. He previously served as a Non-Executive Director of Tullow Oil plc and P&O and Senior Independent Non-Executive Director of both Taylor Wimpey plc and George Wimpey plc.

Mr. Williams has also served as a Non-Executive Director of Dewhirst Group plc and Medeva plc and as Finance Director of Bunzl plc. He is a qualified Chartered Accountant.

Deepak Parekh, an Independent Non-Executive Director and Member of the Nominations and Governance Committee and Member of the Remuneration Committee, will replace Mr. Williams as Chairman of the Audit Committee.

Mr. Parekh was appointed as an Independent Non-Executive Director of the Company on 22 March 2011. He is the Non-Executive Chairman of HDFC Ltd, India’s premier Housing Finance Institution. He is also the Non-Executive Chairman of GlaxoSmithkline Pharmaceuticals Ltd, Infrastructure Development Finance Company and Siemens India and on the board of several other leading corporations including Mahindra and Mahindra, and The Indian Hotels Co Ltd.

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