Orascom Development Holding AG: Verwaltungsrat verabschiedet neue Organisationsstruktur Dienstag, 15. April 2014 - 07:09

Verwaltungsrat verabschiedet neue Organisationsstruktur

Altdorf/Kairo, 15. April 2014 - Der Verwaltungsrat von Orascom Development
Holding AG (Orascom Development) hat eine neue Organisationsstruktur
verabschiedet, welche besser auf die aktuellen Geschäftsbedürfnisse der
Gruppe zugeschnitten ist und die laufende Restrukturierung unterstützt.

Die fünfköpfige Geschäftsleitung wird sich zukünftig aus dem Chief
Executive Officer (CEO), dem Chief Financial Officer (CFO), dem Chief
Hotels Officer, dem Chief Real Estate & Development Officer sowie dem Chief
Human Resources Officer zusammensetzen. Während die Position des Chief Real
Estate & Development Officer zu einem späteren Zeitpunkt besetzt wird und
Herr Abdelhamid Abouyoussef wie bereits zuvor kommuniziert als Chief Hotels
Officer verantwortlich zeichnet, hat der Verwaltungsrat Frau Dalia El
Gezery als neuen Chief Human Resources Officer ernannt.

Frau El Gezery wird ihre Position per 1. September 2014 antreten. Als
ausgesprochene HR-Spezialistin verfügt sie über mehr als 20 Jahre an
internationaler Erfahrung in den Bereichen Mitarbeiterführung und
innovative Personallösungen. Seit 2000 hat sie verschiedene
Managementfunktionen bei Vodafone Ägypten ausgeübt, zuletzt als HR-Direktor
und Mitglied der Geschäftsführung. In dieser Funktion war Frau El Gezery
federführend bei der Umwandlung der HR-Organisation in eine
strategieorientierte, geschäftsunterstützende Dienstleistungseinheit, und
schuf eine Arbeitsumgebung, die fünf Jahre in Folge von Nelson Research mit
dem Titel "Bester Ägyptischer Arbeitgeber" ausgezeichnet wurde. Frau El
Gezery sitzt zudem im Verwaltungsrat der Vodafone Stiftung. Zuvor arbeitete
Frau El Gezery für das Versicherungsunternehmen Lloyd's in England und
AT&T/Lucent Technologies in Ägypten und im Nahen Osten. Frau El Gezery
verfügt über Abschlüsse in Business Administration und Personalmanagement
von der American University in Kairo und wird demnächst den
Masterstudiengang Coaching und Behavioural Change von der Henley Business
School an der Universität Reading (UK) abschliessen.

Im Zuge dieser Reorganisation scheiden Herr Julien Renaud-Perret und Herr
Ali Elhitamy mit sofortiger Wirkung aus der Geschäftsleitung aus. Um das
Management vor Ort zu stärken und die Geschäftsleitung zu verschlanken,
wird Julien Renaud-Perret die Leitung des Projektes in Marokko übernehmen,
während Ali Elhitamy sich ganz auf seine Rolle als Managing Director von
Orascom Hotels and Development, der ägyptischen Tochtergesellschaft von
Orascom Development, konzentrieren wird. Der Verwaltungsrat dankt Julien
Renaud-Perret und Ali Elhitamy für ihre wertvolle Arbeit in der
Geschäftsleitung und wünscht ihnen viel Erfolg in ihren neuen Rollen.

Über die Gruppe

Orascom Development ist ein führender Entwickler von integrierten
Ortschaften/Städten, die Hotels, Privatvillen, Wohnungen,
Freizeiteinrichtungen wie etwa Golfplätze und Jachthäfen aber auch
unterstützende Infrastruktur umfassen. Das breit diversifizierte Portfolio
von Orascom Development umfasst Destinationen in acht Ländern (Ägypten,
Vereinigte Arabische Emirate, Jordanien, Oman, Schweiz, Marokko, Montenegro
und Grossbritannien). Die Gruppe betreibt momentan acht Städte: El Gouna,
Taba Heights, Haram City und Makadi in Ägypten, The Cove in den Vereinigten
Arabischen Emiraten, Jebel Sifah und Salalah Beach in Oman sowie Andermatt
in der Schweiz. Orascom Development verfügt über eine Doppelkotierung mit
einer Primär-Kotierung im Hauptsegment an der SIX Swiss Exchange und einer
Zweitkotierung an der EGX Egyptian Exchange.

Kontakte Investor Relations 
Sara El-Gawahergy          
Director of Investor Relations    
Tel: +202 2461 89 61 
Tel: +41 41 874 17 11     
Email: ir@orascomdh.com      

Kontakt Media Relations
media@orascomdh.com

Disclaimer & Cautionary Statement

The information contained in this e-mail, its attachment and in any link to
our website indicated herein is not for use within any country or
jurisdiction or by any persons where such use would constitute a violation
of law. If this applies to you, you are not authorized to access or use any
such information. Certain statements in this e-mail and the attached news
release may be forward-looking statements, including, but not limited to,
statements that are predications of or indicate future events, trends,
plans or objectives. Forward-looking statements include statements
regarding our targeted profit improvement, return on equity targets,
expense reductions, pricing conditions, dividend policy and underwriting
claims improvements. Undue reliance should not be placed on such statements
because, by their nature, they are subject to known and unknown risks and
uncertainties and can be affected by other factors that could cause actual
results and Orascom Development Holding AG's plans and objectives to differ
materially from those expressed or implied in the forward looking
statements (or from past results). Factors such as (i) general economic
conditions and competitive factors, particularly in our key markets; (ii)
performance of financial markets; (iii) levels of interest rates and
currency exchange rates; and (vii) changes in laws and regulations and in
the policies of regulators may have a direct bearing on Orascom Development
Holding AG's results of operations and on whether Orascom Development
Holding AG will achieve its targets. Orascom Development Holding AG
undertakes no obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information, future
events or circumstances or otherwise. It should further be noted, that past
performance is not a guide to future performance. Please also note that
interim results are not necessarily indicative of the full-year results.
Persons requiring advice should consult an independent adviser.

Im Zweifelsfalle gilt die englische Originalversion. 

New Organizational Structure approved by the Board of Directors. 

Altdorf/Cairo, 15 April 2014 - The Board of Directors of Orascom
Development Holding AG (Orascom Development) endorsed a new organizational
structure that better reflects the current business needs and supports the
restructuring of the Group.

The newly assembled five-headed Executive Management team will continue to
be led by the Chief Executive Officer (CEO) and will further consist of the
Chief Financial Officer (CFO), Chief Hotels Officer, Chief Real Estate &
Development Officer as well as the Chief Human Resources Officer (CHRO).

The Board of Directors appointed Dalia El Gezery as the CHRO. Dalia will
start her new position on September 1st, 2014. As a Senior HR Executive,
Dalia has more than 20 years of international experience in leadership and
providing innovative human capital management solutions. Since 2000, she
held different senior management roles at Vodafone Egypt serving most
recently as HR Director and member of the Executive Management. In this
function, Dalia transformed the HR operating model into a business driven,
strategy focused organisation and built a trademark working environment
that was awarded the title of "Egypt's Best Employer" for 5 consecutive
years by Nelson Research. Dalia also sits on the board of the Vodafone
Foundation. Before joining Vodafone, Dalia worked for Lloyd's insurance
company in the UK and AT&T/Lucent Technologies in the Middle East & Egypt.
Dalia has a Management Diploma in Business Administration and Human
Resources from the American University in Cairo and is about to complete a
Master of Science in Coaching and Behavioural Change from Henley Business
School at the University of Reading, UK.

As earlier announced, Abdelhamid Abouyoussef is now the Chief Hotels
Officer and still to be appointed is the Chief Real Estate & Development
Officer. As part of this reorganization, to strengthen the management
capacity in the local business units and to streamline the holding
structure, Julien Renaudperret and Ali Elhitamy will resign from the
Executive Management, effective immediately. Julien Renaud-Perret will
assume the role of Managing Director of Oued Chibika Development (SA), the
Group's subsidiary in Morocco and Ali Elhitamy will focus on his role as
Managing Director of Orascom Hotels and Development, the Groups Egyptian
subsidiary. The Board of Directors likes to thank both of them for their
valuable contributions on the Executive Management and wish them all the
best in their new roles

About Orascom Development Holding AG 

Orascom Development is a leading developer of fully integrated destinations
that include hotels, private villas and apartments, leisure facilities such
as golf courses, marinas and supporting infrastructure. Orascom
Development's diversified portfolio of destinations is spread over eight
jurisdictions (Egypt, UAE, Jordan, Oman, Switzerland, Morocco, Montenegro
and United Kingdom), with primary focus on touristic destinations and
budget housing. The Group currently operates eight destinations; four in
Egypt El Gouna, Taba Heights, Haram City and Makadi, The Cove in United
Arab Emirates , Jebel Sifah and Salalah Beach in Oman and Andermatt in
Switzerland. Orascom Development has a dual listing, with a primary listing
on the SIX Swiss Exchange and a secondary listing on the EGX Egyptian
Exchange.

Investor Relations Contacts 
Sara El-Gawahergy        
Investor Relations Director   
Tel: +202 2461 89 61 
Tel: +41 41 874 17 11     
Email: ir@orascomdh.com         
Contact Media Relations
media@orascomdh.com

Disclaimer & Cautionary Statement
The information contained in this e-mail, its attachment and in any link to
our website indicated herein is not for use within any country or
jurisdiction or by any persons where such use would constitute a violation
of law. If this applies to you, you are not authorized to access or use any
such information. Certain statements in this e-mail and the attached news
release may be forward-looking statements, including, but not limited to,
statements that are predications of or indicate future events, trends,
plans or objectives. Forward-looking statements include statements
regarding our targeted profit improvement, return on equity targets,
expense reductions, pricing conditions, dividend policy and underwriting
claims improvements. Undue reliance should not be placed on such statements
because, by their nature, they are subject to known and unknown risks and
uncertainties and can be affected by other factors that could cause actual
results and Orascom Development Holding AG's plans and objectives to differ
materially from those expressed or implied in the forward looking
statements (or from past results). Factors such as (i) general economic
conditions and competitive factors, particularly in our key markets; (ii)
performance of financial markets; (iii) levels of interest rates and
currency exchange rates; and (vii) changes in laws and regulations and in
the policies of regulators may have a direct bearing on Orascom Development
Holding AG's results of operations and on whether Orascom Development
Holding AG will achieve its targets. Orascom Development Holding AG
undertakes no obligation to publicly update or revise any of these
forward-looking statements, whether to reflect new information, future
events or circumstances or otherwise. It should further be noted, that past
performance is not a guide to future performance. Please also note that
interim results are not necessarily indicative of the full-year results.
Persons requiring advice should consult an independent adviser.