Jacques Saadé, who built French shipping company CMA CGM into the world’s third-largest container operator, has died at the age of 81, the company said.
CMA CGM didn’t disclose the cause of death. It comes a year after Mr. Saadé passed the reins of the Marseille-based company to his son Rodolphe, who is chairman and chief executive officer. The company operates around 500 container ships, sailing to 420 ports world-wide.
Mr....