DP World Chief Resigns Amid Epstein Controversy

In a seismic shift for the global logistics and maritime industry, Sultan Ahmed bin Sulayem, the long-standing Chairman and Group CEO of DP World, has officially resigned from his positions. The announcement, confirmed by the Dubai-based port giant on Friday, 13 February 2026, follows mounting international pressure linked to his historical association with the disgraced financier Jeffrey Epstein.

A Legacy Clouded by Scandal

Sultan bin Sulayem has been a titan of Middle Eastern commerce for decades. He is widely credited as a principal architect of Dubai’s meteoric rise as a global hub for trade and tourism. His portfolio famously included Nakheel, the property developer responsible for the iconic Palm Jumeirah—the man-made archipelago that redefined the Dubai skyline.

However, his illustrious career has been increasingly overshadowed by newly unsealed documents from the U.S. Department of Justice. These records revealed detailed correspondence between bin Sulayem and Epstein regarding business ventures. More damagingly, the documents contained discussions involving visits to Epstein’s private Caribbean island and exchanges concerning sexual services, sparking a firestorm of ethical scrutiny.

Investor Backlash and Strategic Pivot

The fallout reached a tipping point when two of DP World’s most influential Western partners signalled a freeze on future capital. The revelation of these ties led to immediate threats to the firm's expansion plans in emerging markets.

Both organisations issued statements indicating that while they value the strategic importance of DP World’s infrastructure, they could not maintain "business as usual" under the previous leadership's ethical cloud. Following the resignation, both BII and CDPQ expressed their intention to continue their multi-billion dollar collaborations with the firm.

The New Guard

In a swift move to restore market confidence, DP World has announced a dual-leadership structure to replace the outgoing chief.

Essa Kazim has been appointed as the new Chairman of the Board of Directors. Kazim brings formidable prestige to the role, having previously served as the Governor of the Dubai International Financial Centre (DIFC).

Yuvraj Narayan ascends to the role of Group CEO. A veteran of the company since 2004, Narayan previously served as the Deputy CEO and Group CFO. His deep institutional knowledge is viewed as a "safe pair of hands" to navigate this transitional period.

The departure of bin Sulayem marks the end of an era for Dubai’s corporate landscape, serving as a stark reminder that even the most powerful figures are no longer immune to the global demand for ESG (Environmental, Social, and Governance) accountability.