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02-11-17
Emmar Development appoints Nkheel ex-boss as the new CEO
(MENAFN) The former boss of developer Nakheel has been appointed on Thursday as the new chief executive to Emaar Development, during the launch of Dubai's first initial public listing in nearly three, it announced on its website.
The appointment of Chris O'Donnell comes as Dubai's largest listed developer, Emaar Properties, prepares to sell 20 percent of its Emaar Development unit.
When a collapse in property prices forced Nakheel into a USD16billion restructuring during the global financial crisis, O'Donnell was the acting CEO of the company.
MENAFN0211201700450000ID1096028382
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