Gerhard Niesslein Becomes CEO of Orascom Development Holding

People ♦ Published: July 15, 2011; 18:24 ♦ (Vindobona)

The Swiss-based town developer appoints Austrian Gerhard Niesslein as new CEO of the Group. Samih Sawiris remains Executive Chairman focusing on the firm's strategic development.

Gerhard Niesslein Becomes CEO of Orascom Development Holding / Picture: © Vindobona.org

Orascom Development strengthens its organization with a change in top management. The experienced real estate specialist and top manager Gerhard Niesslein will become CEO in charge of the operational management of the Group, which has grown substantially in recent years. In future, the company's founder Samih Sawiris will focus on the firm's strategic positioning and…