APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has announced that Susan Hunter will take the position of managing director from 1st February 2019, replacing Mark Hardiman, who is taking up a new position within APM Terminals as chief executive of the Port of Salalah in Oman.
Ms Hunter is currently senior global director, operational excellence, for APM Terminals, based in the UAE, and has held a number of senior management positions within Maersk Line, APM terminals parent company, over the last nine years. She will relocate from Dubai to Bahrain to fulfill her new role.
Commenting on her new appointment, Susan Hunter stated: “I’m delighted to be taking on this new role with APM Terminals. As Bahrain’s only commercial port, Khalifa Bin Salman Port is a highly valued national and regional infrastructure asset and has experienced impressive and sustained growth over recent years. This success has been made possible due to the hard work and talent of all of our local employees, led by Mark and his senior management team. I’m very much looking forward to working with them all as we embark on this next stage of our journey together.”
Outgoing managing director, Mark Hardiman, will also take up his new role as CEO of Port of Salalah in February next year. His new appointment is in line with APM Terminals’ policy of rotating senior management across its global network for set periods of time.
The appointment of Ms Hunter as managing director comes as APM Terminals Bahrain has just completed a successful IPO on the Bahrain Bourse, which was oversubscribed by 5.4 times.
Mr Hardiman, said: “We are very encouraged by the public support we have received for our IPO which reflects strong investor belief in the company and recognises this unique opportunity of investing in Bahrain’s only commercial port.” Allotment notices and refunds will be distributed shortly and APM Terminals Bahrain will start trading on the Bahrain Bourse on December 9th.
Following the successful public offering, the ownership structure of APM Terminals Bahrain will leave APM Terminals with a 64% stake, YBA Kanoo Holdings of Bahrain with 16%, and IPO applicants with a total of 20%.