DEVELOPER Dyldam has made changes to its senior management team as the value of the group’s development pipeline reaches $6 billion.
Over the next few months current chief operating officer, Fayad Fayad, will be promoted to chief executive and current development director, Remon Fayad, will assume the role of COO.
Both Joseph Khattar and Sam Fayad will also transition into new roles.
“It is now time to hand over the reins to the next generation of executives, with Fayad working his way through all aspects of the company’s operations since 1999,” Khattar said.
“Remon has been with us since 2005 and has played an important role in delivering a record pipeline of projects we are now developing.
“I established this business in 1969 with my father Naim and believe Dyldam is in its strongest ever position in its fiftieth year and I have every confidence in its future under these two experienced and very capable men,” he added.
“Remon and I are honoured to accept these senior executive roles at Dyldam as we are on the threshold of delivering an expected and much needed 9,000 apartments in Sydney’s major growth corridors. We pay homage to the achievement of Dyldam’s illustrious history and will strive to build upon this success as we develop the portfolio of landmark sites in the coming decades,” Fayad Fayad said. “We have accepted these roles with the full knowledge that we carry a heavy responsibility to ensure the company continues to grow over the next 50 years.”
Australian Property Journal
