The chief financial officer of CMA CGM Jean Yves Schapiro will leave the company at the end of August, the French ocean container carrier said July 16.
"He decided to take new challenges in another industry other than shipping," according to a spokesperson for the Marseilles-based carrier.
The appointment of a new CFO will be announced in due course, the spokesperson said.
Schapiro was made an executive director of CMA CGM in January as part of a major management reshuffle following months of talks with creditor banks.
He is leaving at a critical time for family-controlled CMA CGM, which is seeking outside investors as part of a restructuring of its $5.3 billion of debt.
Jacques Saade, founder of CMA CGM, broke off talks with Qatar Holding earlier this week saying its conditions for a capital injection were too onerous.
Qatar's sovereign wealth fund was reported to have proposed a $1 billion cash injection in return for a 49 percent stake in the world's third largest ocean carrier.
Saade said he expects to reach agreement with a new investor by the end of July.
"He decided to take new challenges in another industry other than shipping," according to a spokesperson for the Marseilles-based carrier.
The appointment of a new CFO will be announced in due course, the spokesperson said.
Schapiro was made an executive director of CMA CGM in January as part of a major management reshuffle following months of talks with creditor banks.
He is leaving at a critical time for family-controlled CMA CGM, which is seeking outside investors as part of a restructuring of its $5.3 billion of debt.
Jacques Saade, founder of CMA CGM, broke off talks with Qatar Holding earlier this week saying its conditions for a capital injection were too onerous.
Qatar's sovereign wealth fund was reported to have proposed a $1 billion cash injection in return for a 49 percent stake in the world's third largest ocean carrier.
Saade said he expects to reach agreement with a new investor by the end of July.