The Delma Group Inc. announced that Mr. Hasan Al-Shawa has resigned as CEO and Chairman of the board. However, he will remain as an independent director of the company. The board of directors of the company has appointed Hubert Marleau as Chairman of the board and Henri Petit as President and CEO of Delma.

Mr. Marleau is well known for his involvement in Board of Directors of numerous public companies, as well as in the world of finance internationally. Mr. Petit has over 20 years of experience in real estate development and management, and was already acting as President and CEO of the main Division of the Company, Delma Real Estate Corporation.