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Wednesday, 4 May 2016

Orascom Construction appoints Guiraud as non-executive Chairman

MOVES- Orascom Construction appointed Jérôme Guiraud as non-executive Chairman of the Board, replacing Nassef Sawiris, until the dissolution of the AGM on 25 May. Shareholders will be asked to confirm Guiraud’s appointment as a company director at the AGM. Guiraud will also represent 51% majority shareholders NNS Capital and the Sawiris Family on the Board. Guiraud has been CEO and director at NNS Capital since 2008, and currently sits on the board of OCI NV. In announcing the appointment, Sawiris noted, “The construction group has always been a launch pad for entrepreneurial growth since its inception and will remain a very important component of future Orascom and Sawiris Family growth initiatives.”

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