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Orascom Names Interim CFO After El-Shamy Injured in Car Crash

Orascom Development Holding AG, a Swiss company that builds tourist towns in the Middle East and Europe, selected an internal candidate for the role of interim chief financial officer to replace Ahmed El-Shamy.

El-Shamy is stepping down after suffering injuries in a crash involving his chauffeur-driven car. He will be replaced by Canadian-Egyptian board member Eskandar Tooma, 35, at the end of August on an interim basis, the company said in a statement today.