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Orascom Development Holding AG — Board/Management Information 2012
Apr 13, 2012
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Board/Management Information
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Corporate | 13 April 2012 06:55
Orascom Development further strengthens its hotel management team
Orascom Development Holding AG / Key word(s): Change of Personnel
13.04.2012 / 06:55
Press Release
Orascom Development further strengthens its hotel management team
Orascom Development appoints three internationally recognized hospitality experts as Senior Directors for its hotel management team. In their new roles, Jens Freise (37), Thomas Zielke (55) and Joachim Schmitt (51) will report to Claude Chesnais, Head of the Hotel Segment, effectively as of the second quarter of 2012.
Altdorf/Cairo, 13 April 2012 – Orascom Development announces the appointment of three internationally recognized hospitality experts for its hotel segment. In their new roles, Jens Freise, Thomas Zielke and Joachim Schmitt will report to Claude Chesnais, Head of the Hotel Segment.
Jens Freise (37) , German national, will head the sales and marketing department of the hotel segment. He has more than 15 years experience in the hotel industry working for some of the world's most renowned hotel operators such as HMS International Hotel GmbH and Kempinski. In his previous functions, Jens Freise was responsible for hotel operations in Germany, Egypt, Turkey, Spain and China.
Thomas Zielke (55) , German national, will be in charge of the business development activities of the hotel segment. In his role, he will support Julien Renaud-Perret, Chief Development Officer at Orascom Development. Thomas Zielke is a graduate of Cornell University, USA and has over 30 years experience with international hotel companies, including 17 years with the Maritim Hotel Group.
Joachim Schmitt (51) , German national, will focus on the hotel operations. Joachim Schmitt has about 30 years of experience in the hospitality sector, specifically within food and beverage. He previously worked for renowned hotel and hospitality consultancy chains including Four Seasons, Kempinski, Oberoi and HMS International Hotel GmbH.
'Our Hotel segment is an integral part of our business model and it is a great achievement for us to welcome these three respected industry experts in our team' said Dr. Gerhard Niesslein, CEO of Orascom Development.
About the Group
Orascom Touristic Establishments (OTE) was established in 1989 setting the first step in building the Group's track record in the development of integrated towns. After some name changes and reorganization, the main business was held under Orascom Hotels & Development (OHD). Since the settlement of the public exchange offer by Orascom Development for OHD in May 2008, Orascom Development Holding AG (Orascom Development) became the new parent of OHD. Orascom Development has a dual listing, with a primary listing on the SIX Swiss Exchange and a secondary listing on the EGX Egyptian Exchange. 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 nine jurisdictions (Egypt, UAE, Jordan, Oman, Switzerland, Morocco, Montenegro, United Kingdom and Romania). The Group currently operates five destinations; El Gouna, Taba Heights and Haram City in Egypt, The Cove in United Arab Emirates and Jebel Sifah in Oman.
Investor Relations Contacts
**Till Leisner
**Head of Group Controlling & Investor Relations
Tel: +41 41 874 88 07
Email: [email protected]
Mamdouh Abdel Wahab
Director Investor Relations
Tel : +41 79 846 55 60
Email: [email protected]
**
Media Contacts**
Philippe Blangey
Tel: +41 41 874 17 11
Email: [email protected]
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.
End of Corporate News
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| Language: | English |
| Company: | Orascom Development Holding AG |
| Gotthardstraße 12 | |
| 6460 Altdorf | |
| Switzerland | |
| Phone: | +41 41 874 17 11 |
| Fax: | +41 41 874 17 12 |
| E-mail: | [email protected] |
| Internet: | www.orascomdh.com |
| ISIN: | CH0038285679 |
| Swiss Security Number: | A0NJ37 |
| Listed: | Foreign Exchange(s) SIX |
| End of News | EquityStory AG News-Service |
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| 164736 13.04.2012 |