United Arab Emirates: 17 hours, 28 minutes ago
Tourism Development & Investment Company (TDIC), the master developer of tourism, cultural and residential destinations in Abu Dhabi, announced the appointment of Shaun O'Connor as Chief Financial Officer (CFO). Reporting to Acting CEO, James Pringle, O'Connor will be responsible for all financial operations of the company, as well as IT solutions.
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Shaun O'Connor.
Shaun O'Connor.
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O'Connor brings almost 25 years of financial experience to his role as TDIC's Chief Financial Officer.
His most recent employment was with CB Richard Ellis, where he served as Global Chief Financial Officer, a $36bn Real Estate Investment Manager, and oversaw the global finance and technology teams. Prior to this, O'Connor had long, varied and successful careers with three leading multinational firms: GE Capital, American International Group (AIG) and IBM.
At General Electric, O'Connor served as CFO of the company's European real estate business based in Paris, France.
"O'Connor's education, work and life experiences, coupled with his strategic thinking, problem solving skills and accomplishments in leadership, will bring new perspectives, insights and change to TDIC and to the executive team," says James Pringle, Acting CEO of TDIC.
O'Connor is a graduate of Purdue University (BS Accounting) and Western Connecticut State University (MBA Management).
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Related site: http://www.tdic.ae
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About Tourism Development & Investment Company (TDIC)
Tourism Development & Investment Company (TDIC) is a master developer of major tourism destinations in Abu Dhabi - the largest of the seven emirates that make up the United Arab Emirates - and a key contributor to its economic and cultural progress.
TDIC is behind some of Abu Dhabi's most prestigious projects. These include two major destinations: Saadiyat - a natural island off the coast of Abu Dhabi, which will feature five leading cultural institutions designed by five Pritzker Prize winners, including the Zayed National Museum, Guggenheim Abu Dhabi, and Louvre Abu Dhabi, and Desert Islands - a unique heritage based tourism destination.
By creating investment partnerships and joint ventures, TDIC's developments are helping to support Abu Dhabi's evolution into a world-class destination for tourists, businesses and residents, and to realise the emirate's considerable tourism potential and strategic goal of delivering 2.3 million hotel guests by the end of 2012.
TDIC has been awarded high investment grade ratings of A1, AA, and AA by three top credit rating agencies, Moody's, Standard & Poor's and Fitch. These ratings reflect TDIC's strong financial position and support the company's credit worthiness to investors, lenders and other market participants. In July 2009, TDIC also launched a US$ 1 billion bond, which represented the inaugural issuance under the US$ 3 billion Global Medium Term Note (GMTN) programme. The same year, TDIC issued its inaugural US$1 billion five-year sukuk, which was the largest in the GCC for that year.
Established in April 2006, TDIC has built a strong reputation among international industry players for its compelling value proposition, transparency of business approach and ability to deliver.
Locally, TDIC offers significant employment and vocational training opportunities for Emiratis keen to enhance their careers and professional qualifications.
For more details:
Shadi Moazami
Senior Account Executive
Hill & Knowlton
Telephone: +971 4 334 4930
Fax: +971 4 334 4923
Nadeen El AjouNadeen El Ajou
Sunday, July 10 - 2011 at 15:27 UAE local time (GMT+4)
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