Azizi Developments Strengthens Board of Directors to Drive Highest Standards of Corporate Governance
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.
Although the foundation stones of the present-day Azizi Group were laid in 1989, it was in 2007 when the towering presence of Azizi Developments first began to take shape. Mirwais Azizi was driven to design homes and communities inspired by modern urban living. But at the heart, it was about giving back to a city that had offered him and his family a place of peace and security. He set a vision for the future without losing sight of the past, ensuring he stays within client budgets, but goes beyond the norm to create the best possible living experience for people. Today, Azizi Developments reflects the aspirations of a wide spectrum of lifestyle seekers. This means a permanent dedication to understanding and meeting clients' aspirations, developing distinctive homes that set the standard in contemporary building design and offering an unparalleled level of customer service. It's about unlocking a new lifestyle for the curious and ambitious, setting the ideal platform to live, work and play – and building communities that bring people closer.