Orascom Development Holding AG

Welcomes Stuart Leven as New Chief Executive Officer of Hotels Management Division

Orascom Development Holding AG / Key word(s): Miscellaneous/Miscellaneous Orascom Development Holding AG: Welcomes Stuart Leven as New Chief Executive Officer of Hotels Management Division 06.09.2023 / 16:23 CET/CEST

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Orascom Development Welcomes Stuart Leven as
New Chief Executive Officer of Hotels Management Division
Appointment Reinforces Orascom Development’s Commitment to Hospitality Excellence

(Altdorf, Switzerland, 6 September 2023): Orascom Development announces the appointment of Stuart Leven as Chief Executive Officer of Orascom Hotels Management (OHM), the wholly owned subsidiary responsible for most hotel operations of the leading international developer of vibrant, integrated communities in Europe, the Middle East and North Africa.

In his new role, Stuart will lead the transformation and expansion of Orascom Development’s hotel business as it evolves to meet the future needs of guests, trade partners, employees and the company’s integrated towns in Egypt, the UAE, Oman, Montenegro, and Switzerland. He will also be a vital member of Orascom Development’s global Executive Committee, reporting directly to Group CEO Omar El Hamamsy and will be based in London. 

Stuart will work closely with Joachim Schmitt, who retains operational leadership of Orascom Development’s portfolio of 33 hotels across three continents, along with responsibility for future new openings. Joachim will take on the newly created role of Chief Operating Officer at OHM.

Stuart brings a wealth of experience in the hospitality industry. His decade of experience working with a wide variety of hotel brands culminated in the role of Vice President of Commercial for UK and Ireland at InterContinental Hotels Group (IHG). Notably, he also has extensive experience in the airline and cruise industry, including Vice President EMEA for Royal Caribbean Group.
 
Omar El Hamamsy, Group CEO of Orascom Development, said: "Welcoming Stuart to our leadership during this period of exceptional performance is a testament to our commitment to attracting top-tier talent. Stuart’s proven track record in Commercial, Sales and Marketing aligns well with our strategic drive to further elevate our premium to luxury hospitality offerings. Supported by Joachim’s operational leadership, I’m confident that our hotels business is well positioned to continue building on the impressive growth achieved.”