Dubai: Azizi Developments, one of the leading private developers in the UAE, strengthened its board of directors with two Non-Executive Directors who were assigned to drive the corporate governance standards of the organisation and create long-term value by leveraging their expertise in organisational engineering and transformation.
Dr Bettina Eisenaecher and Jurgen Fischer have extensive international and UAE expertise as Senior Executives and Non-Executives at industry-leading real estate developers, and outstanding knowledge in risk management and controlling functions of market-leading-listed corporations.
Farhad Azizi, CEO of Azizi Developments, said: “Appointing two industry experts of the highest calibre in corporate governance reporting and supervision as well as global investment and financial management adds substantial value to our organisation. We are committed to promoting international best practices in corporate governance that will further strengthen the organisation’s performance and boost Azizi Developments’ standing locally and globally. We are delighted to have these two members on board and look forward to their valuable insights and guidance.”
Jurgen Fischer has served as Non-Executive Chairman of Mövenpick Hotels & Resorts, held senior positions with Dubai Properties and Tatweer, and sits on the board of publicly listed Orascom Development Holding. Mr Fischer was also President at Hilton International and Vice-President at Walt Disney Resorts. His wealth of experience will add immense value to the ideation processes for Azizi’s projects and strategic planning. Fischer is a graduate of the Ecole Hôtelière Lausanne, Switzerland and has an MBA with honors from IMD/IMEDE.
Dr Bettina Eisenaecher is the Managing Director and Owner of German consulting firm, Be.REPORTING GmbH. She has previously held senior executive positions at a Frankfurt-based consulting firm where she was responsible for overseeing the financial market strategies of internationally operating groups of companies and building up the finance, risk management, and controlling functions of large corporations. Dr Eisenaecher holds a PhD in Asset-Backed Securities and through her extensive experience, she will reinforce Azizi Developments’ internal control systems, risk management, and financial strategies.
About Azizi Developments
Azizi Developments is the real estate investment arm of Azizi Group, which was established in 1989. The company’s diverse experience in the international property market has enabled it to expand to include a portfolio worth over AED45billion in Dubai, with more than 200 projects under various stages of development.
Azizi Developments was awarded ‘Best Developer of the Year’ at the Arabian Business Real Estate Awards 2019, as well as ‘Developer of the Year’ at the Construction Innovation Awards for three consecutive years in 2016, 2017 and 2018. The company is a keen advocate of the UAE Vision 2021 and has been instrumental in developing iconic properties in Meydan, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
For further information about Azizi Developments, please contact:
Tizian H. G. Raab
Head of Public Relations and Communications
M: +971 55 867 3606
© Press Release 2019