Mike Formoso is the Vice President of Group Business Development based in Dubai. He is responsible in expanding PSA businesses overseas in line with its long-term objectives, including identifying, evaluating and recommending prospective acquisitions, mergers or joint ventures and identifying and leading/assisting the development of new business opportunities. He reports to the Head of Group Business Development. Mike also leads the delivery of sustainable solutions for PSA’s Middle East and South Asia portfolio as well as developing and deepening commercial opportunities in the region particularly with cargo owners and major logistics players. Most recently, this included leading the development of India’s first 100% renewable powered container terminal at PSA Mumbai. Mike is a board member of a number of PSA’s terminals and businesses in the region.

Mike joined PSA in 2003 as Project Manager (Market Development) and was promoted to Vice President (Commercial) in 2005. In this role, he was responsible for the marketing activities for PSA’s flagship Singapore Terminals. In 2007, Michael was appointed as Managing Director of PSA Vietnam to lead a new joint venture developing and operating Vietnam’s first deep-sea container terminal, a green-field development, as well as overseeing PSA’s in-country interests.

He was the Managing Director of PSA India from 2015 to 2022, based in India. He was responsible for the overall business, operations and development of PSA’s companies and related joint ventures in India with a direct reporting relationship to the Regional CEO of PSA Middle East South Asia.

Before joining PSA, Mike was with Hutchison Port Holdings (HPH) for approximately nine years as Project Manager (Business Development).

Mike holds an Honours Degree in International Transport and Maritime Commerce from the University of Wales College Cardiff.

He is married with one daughter.

Mike Formoso

VP, Group Business Development, PSA International

Session:

Day 1 | 15 May 2024 | Strategic panel: The sustainability paradox: Pressure, profit, and the path forward