Business
Mongolia Growth Group Ltd. Announces the Appointment of Paul Byrne as CEO to Lead Next Phase of the Company's Growth
Mongolia Growth Group Ltd. Announces the Appointment of Paul Byrne as CEO to Lead  N...
About this update from Mongolia Growth Group Ltd.
[{"type":"text","content":"Mongolia Growth Group Ltd. Announces the Appointment of Paul Byrne as CEO to Lead Next Phase of the Company's GrowthMongolia Growth Group Ltd. Announces the Appointment of Paul Byrne as CEO to Lead  Next Phase of the Company's Growth\n\n \n THUNDER BAY, CANADA, March 3, 2014 /FSC/ - Mongolia Growth Group Ltd.\n(YAK - TSXV)(\"MGG\") or (\"the Company\") today announced that Paul Byrne has been appointed as Chief Executive Officer (\"CEO\") of Mongolia Growth Group. Harris Kupperman will remain actively involved in the oversight of the company, as he transitions into the newly created role of Executive Chairman. \n\nMr. Byrne has nearly three decades of experience with real estate developments and investment portfolios, various consortia and joint venture projects, combined with organizational leadership experience at the highest levels of market leading property companies in both the private and the public sectors. \n\nMost recently, Mr. Byrne served as a Board Member and Chief Executive Officer of Majid Al Futtaim (MAF) Properties, headquartered in Dubai, a US$6 billion property company with developments and property assets in 10 countries.  The MAF portfolio includes; 4 million square meters of land for mixed use developments, 11 hotels and resorts, 16 major shopping malls including the iconic \"Mall of the Emirates\" with its famous indoor ski slope and a subsidiary in the property funds management business. While at MAF, Mr. Byrne led the organizational expansion plan to develop 10 retail malls, 8 hotels / resorts and 6 major mixed-use developments, across several of the company's operating regions, most of them emerging markets. \n\n\"While in Dubai and the MENA Region, I witnessed how the resource wealth of the Gulf created robust and sustainable consumer spending.  In addition, I observed, how being a pioneer in high quality retail and commercial properties allowed MAF to unlock pent-up consumer spending in previously untapped markets.  It seems inevitable that Mongolia will witness a confluence of these two trends.  I am keen to use my emerging markets experience from much larger companies, together with my capital raising experience to ensure that MGG can substantially leverage the coming wave of growth in Mongolia,\" said Paul Byrne, the newly appointed CEO of MGG. \"I h...