March 31, 2011) – Calloway REIT (TSX:CWT.UN) is pleased to announce the appointment of Mr. Al Mawani, as President and CEO, effective May 2, 2011. Mr. Mawani has served on several real estate related board of directors and trustees over many years, including as chair of Calloway’s Audit Committee since 2005. Prior to that he was Chief Financial Officer for over 10 years at Oxford Properties Group Inc., a large Canadian real estate company. Mr. Mawani is a Chartered Accountant, and has MBA and Masters of Laws designations.
The decision by Calloway Real Estate Investment Trust to hire real estate industry veteran Al Mawani as its new chief executive is being met with approval from analysts.
Effective May 2, Mr. Mawani takes over from Simon Nyilassy who is leaving for what is described as other interests. Mr. Nyilassy will remain on the board.
http://www.marketwire.com/press-release/Calloway-Announces-Appointment-of-New-CEO-and-Two-New-Trustees-TSX-CWT.UN-1421022.htm
http://business.financialpost.com/2011/04/01/calloway-reits-new-ceo-ok-with-bay-st/#more-39115
Ismailimail 