Raymond Cron Quits Egypt’s Orascom Development By June-End

The current Chief Operating Officer (COO) of Orascom Development Holding AG (Orascom Development) (ODHN.CA), Raymond Cron, decided to leave the group by end of June 2013 to take over new professional challenges in another company.

Raymond Cron joined Orascom Development in 2008. He held the position as Head European Operations until 2011.

In this capacity he was responsible for the projects in Andermatt, Montenegro and in the United Kingdom.

At the beginning of 2012 and in the course of the reorganization of the Executive Management, Raymond Cron became COO.

Orascom Development regrets Raymond Cron’s decision and thanks him for his big commitment in favor of the Group. Orascom Development wishes him all the best for his future.