Azizi makes key hire to boost corporate governance standards

UAE-based Azizi Developments has appointed two non-executive directors - Dr Bettina Eisenaecher and Jurgen Fischer - to the company's board to help drive the highest standards of corporate governance in the organisation.

Azizi Developments, one of the leading private developers in the UAE, has strengthened the company's board with the appointment of two non-executive directors - Dr Bettina Eisenaecher and Jurgen Fischer.

Dr Eisenaecher and 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, said a statement from Azizi.

Dr Eisenaecher is the managing director and owner of German consulting firm, Be.Reporting. She had previously held senior executive positions at a Frankfurt-based consulting firm mainly 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's internal control systems, risk management, and financial strategies.  

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.

He was also president at Hilton International and vice-presidnet at Walt Disney Resorts. His wealth of experience will add immense value to the ideation processes for Azizi’s projects and strategic planning, stated the UAE developer.

Fischer is a graduate of the Ecole Hôtelière Lausanne, Switzerland and has an MBA with honours from IMD/IMEDE.

The duo has been mainly assigned to drive the corporate governance standards of the organisation and create long-term value by leveraging their expertise in organisational engineering and transformation, said its top official.

"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," remarked CEO Farhad Azizi.

"We are committed to promoting international best practices in corporate governance that will further boost the organisation’s performance and its standing locally and globally. We are delighted to have these two members on board and look forward to their valuable insights and guidance," he added.-TradeArabia News Service