MONTREAL, April 11, 2016 (GLOBE NEWSWIRE) — ROI Land Investments Ltd. (OTCQB: ROII) (“ROI” or the “Company”) announced today that it has made the following changes to its senior management team:
- Dr. Sami Chaouch has been appointed Chief Executive Officer and will continue to serve as Executive Chairman
- Sebastien Cliche, Co-Founder of ROI, has been named Co-President and Chief Operating Officer
- Philippe Germain, a Co-Founder of ROI, will become Co-President
Dr. Sami Chaouch, age 51, started his career in investment banking in the Middle-East where he held several senior executive positions before moving to Canada in 2000 to continue working on various investment banking mandates, both in Canada and internationally. Dr. Chaouch served as Executive Vice President, M&A Head and CFO of a large Canadian Media and TV group for six years, and currently sits on the Board of Directors of Groupe V Media and also on the Board of Alliance Pharma. Dr. Chaouch obtained a business administration degree from HEC Carthage, in Tunisia, and a Masters degree and Ph.D. in Finance from the University Paris-Dauphine.
“Sami is a proven leader with institutional investment, operational and business experience and is well known for his participative style of leadership,” said Philippe Germain, Co-President of ROI. “With extensive experience at ROI, leadership positions at other companies and an impressive record of driving performance, we are confident that as CEO he will help ROI capitalize on the tremendous opportunity it is addressing.”
Dr. Chaouch commented, “I have been intimately involved in building ROI and am delighted to assume the position of Chief Executive Officer. ROI has a very unique business model and I believe there is significant opportunity for us to grow into a successful, global business.”
Mr. Cliche, age 32, is an experienced real estate and land developer, and Co-Founder of ROI. He has served as Chief Executive Officer at ROI since March 2014. Prior to joining the Company, Mr. Cliche served as Executive Vice President at Azur & Capital, a land and construction bridge fund, where he oversaw loan origination efforts. Mr. Cliche also served as a project manager at Richard Cliche Constructions where he managed commercial and residential construction projects for over a decade.
“Sebastien has made significant contributions to ROI throughout the its existence. In his role as Co-President he will continue to help us develop a strong global presence and to identify land investment opportunities,” commented Mr. Germain.
About ROI Land Investments Ltd.
ROI Land Investments participates in the early stages of real estate development. The Company acquires raw land free of zoning restrictions located in geographies positioned to benefit from unique economic catalysts. ROI also manages the permitting process, oversees the construction of infrastructure and works closely with established developers to bring the projects to completion. The Company has projects underway throughout North America and the UAE.
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This press release may contain forward-looking information, including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial conditions or results of operations; (iii): the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
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KCSA Strategic Communications
Elizabeth Barker / Abbie Sheridan
212-896-1203 / 212-896-12007