Russell Owen
Russell Owen comes into Lootah Real Estate Development with a wide mandate on new asset purchases and eventual disposals. Image Credit: Lootah Real Estate

Dubai: Lootah Real Estate Development has made changes to its senior management ranks, with Russell Owen confirmed as Chief Operations Officer and Faraz Kothari as Chief Financial Officer.

These are done to “redirect focus on ensuring a seamless transition towards the next phase of growth post-coronavirus,” the developer said in a statement.

Owen will build on the distinctive capabilities of Lootah in key areas including the acquisition of new assets, renovations and upgrades to its existing assets and, ultimately, the disposal of its assets.

“Identifying key strategies that are customer-centric and future-proof are our key priorities,” said Saleh Abdullah Lootah, CEO. “We will maintain customer satisfaction and further leverage on innovation to not only create a strong loyal following but also stand the test of time.”