Sultan Ahmed bin Sulayem resigned as chairman and CEO of DP World, the Dubai-based logistics giant and owner of P&O Ferries. The sudden exit follows the release of hundreds of emails by the U.S. Department of Justice, revealing a “free-flowing” relationship between Sulayem and the late sex offender Jeffrey Epstein. In some messages, Sulayem allegedly rated sexual encounters and exchanged notes with Epstein about a “torture video,” making his position untenable as international partners began cutting ties.
🇦🇪⚡️- Sultan Ahmed bin Sulayem has resigned as Group Chairman and CEO of DP World, effective immediately after mounting pressure and scrutiny over his ties to Jeffrey Epstein. pic.twitter.com/YozHHg4Uau
— Monitor𝕏 (@MonitorX99800) February 13, 2026
Pressure peaked this week when major financial backers, including Canada’s La Caisse pension fund and the UK’s British International Investment (BII), paused future ventures with the firm. Following Sulayem’s departure, BII signaled it would resume its African port projects, calling the move a necessary step for the partnership. Sulayem, a pillar of Dubai’s economic rise for four decades, is the highest-profile corporate casualty of the recent “Epstein Files” transparency push in the U.S. Congress.
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The Dubai Media Office confirmed that Essa Kazim, currently the Governor of the Dubai International Financial Centre, will take over as Chairman. Yuvraj Narayan, a 20-year veteran of the company and former CFO, has been promoted to Group CEO. The new leadership faces the immediate task of restoring investor confidence and navigating the ongoing controversy surrounding P&O Ferries’ labor practices in the UK.
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