DGAP-News: Orascom Development further strengthens its hotel management team
(firmenpresse) - EquityStory AG-News: Orascom Development Holding AG / Key word(s):
Change of Personnel
Orascom Development further strengthens its hotel management team
13.04.2012 / 06:55
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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 andJebel Sifah in Oman.
Investor Relations Contacts
Till Leisner, Head of Group Controlling&Investor Relations
Tel: +41 41 874 88 07
Email: ir(at)orascomdh.com
Mamdouh Abdel Wahab
Director Investor Relations
Egypt Mobile: +41 79 846 55 60
Email: ir(at)orascomdh.com
Media Contacts
Philippe Blangey
Tel: +41 41 874 17 11
Email: media(at)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.
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: ir(at)orascomdh.com
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
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