Orascom Development Holding AG announced appointment of the new CEO marks the end of the interim committee created in February 2020 for the transitional phase. Samih Sawiris, Jürgen Fischer and Naguib S. Sawiris will focus again on their roles as members of ODH's Board of Directors. Abdelhamid Abouyoussef will take up the new position as the Chairman of Orascom Hotels Management (OHM), the Group's hotels management company, and as a result will leave the Executive Management team. Ashraf Nessim will continue his role as the current Chief Financial Officer (CFO) and Executive Management member. Furthermore, ODH's Board of Directors has approved the appointment of Karim Hassan, currently serving as the Group Head of Business Development, as a member of the Executive Management team. Additionally, the role of the Chief HR & Organization Development will no longer be part of the Executive Management team.