The fallout from DP World’s tumultuous buyout of P&O has claimed the scalps of hugely respected legal chief Michael Gradon and the general counsel of P&O Ports Iain Simm.
The pair have been made redundant following the DP World takeover.
Gradon’s career at P&O spanned 20 years and culminated in his role as legal and commercial affairs director. Gradon has also stepped down as chief executive of P&O’s £1.5bn London Gateway Project in Essex, a role he landed last September.
Gradon told The Lawyer: “P&O was a very happy ship to work in.” He added that he is going to spend some time with his family before he decides on his next move.
Dubai’s DP World fought off fierce competition from Singapore-based PSA International to take over P&O, advised by Freshfields Bruckhaus Deringer, earlier in the year. DP World and PSA were represented by Linklaters and Slaughter and May respectively.