DP World DPW.DI said on Thursday its chief financial officer (CFO) would remain in his position at the port operator and not join parent company Dubai World.
The firm had said on Oct. 27 its CFO would step down at its December board meeting and join Dubai World as group CFO as part of a general shuffle within the state-linked firm.
A shock announcement by Dubai on Nov. 25 that it sought a repayment freeze on $26 billion worth of debt at Dubai World, has since battered investor sentiment.
DP World's shares have fallen 27 percent since crisis started.
The firm had said on Oct. 27 its CFO would step down at its December board meeting and join Dubai World as group CFO as part of a general shuffle within the state-linked firm.
A shock announcement by Dubai on Nov. 25 that it sought a repayment freeze on $26 billion worth of debt at Dubai World, has since battered investor sentiment.
DP World's shares have fallen 27 percent since crisis started.