Orascom Construction announced that Jérôme Guiraud has been appointed Non-Executive Chairman of the Board by the Company’s Directors until the dissolution of the Annual General Meeting on May 25, 2016. Shareholders will be asked to confirm Mr. Guiraud’s appointment as a Company Director at the AGM. Mr. Guiraud is replacing Nassef Sawiris as Non-Executive Chairman and representative of NNS Capital and the Sawiris Family, which has a beneficial ownership in the Company of 51%. Mr. Guiraud (1961) has been Chief Executive Officer and Director of NNS Capital since 2008. A French citizen with 30 years of banking and financial markets experience, Mr. Guiraud currently sits on the Board of OCI N.V. and is a former board member of Orascom Construction Industries S.A.E. and Lafarge.
Orascom Construction PLC, formerly Orascom Construction Ltd, is a United Arab Emirates-based engineering and construction contractor. The Company is primarily focused on infrastructure, industrial and high-end commercial projects in the United States, the Middle East, Africa and Central Asia for public and private clients. The Company operates under the following brands: Orascom, Contrack and The Weitz Company. The Companyâs projects cover civil buildings, heavy industries, manufacturing, petrochemicals, federal infrastructure, power generation, social infrastructure, transport, water and wastewater, design build, as well as operations and maintenance.