Brief: Orascom Appoints Samih Sawiris As Interim Executive Chairman

Orascom Development Holding AG

04/02/2020 06:04

Feb 4 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG  ODHN.S :
    * PROVIDES UPDATE ON INTERIM MANAGEMENT.
    * SAMIH SAWIRIS WILL ASSUME ROLE OF EXECUTIVE CHAIRMAN TO
LEAD
EXECUTIVE MANAGEMENT FOR AN INTERIM PERIOD UNTIL APPOINTMENT OF
A NEW CEO
    * MR. SAWIRIS WILL LEAD AND BE ASSISTED BY AN INTERIM
COMMITTEE,
WHICH INCLUDES APPOINTED MEMBERS OF BOARD OF DIRECTORS AS WELL
AS MEMBERS OF EXECUTIVE MANAGEMENT
    * IN ADDITION TO MR. SAWIRIS, SELECTED COMMITTEE MEMBERS
ARE:
NAGUIB S. SAWIRIS (BOARD MEMBER), JÜRGEN FISCHER (BOARD MEMBER),
ASHRAF NESSIM (CHIEF FINANCIAL OFFICER) AND ABDELHAMID
ABOUYOUSSEF (MEMBER OF EXECUTIVE MANAGEMENT)
    * ROLE OF COMMITTEE WILL BE TO (1) SUPERVISE AND SUPPORT
MANAGEMENT DAY TO DAY, AND (2) LEAD APPOINTMENT AND ONBOARDING
OF NEW CEO

Source text for Eikon:  ID:nEQ3SSScva 
Further company coverage:  ODHN.S 

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