Orascom Development Holding AG announced that the board of directors appointed Dalia El Gezery as the CHRO. Dalia will start her new position on September 1, 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. 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.