OTMT [OTMT.CA] Chairman and CEO, Naguib Sawiris, has stepped down as CEO, appointing Tamer El Mahdi as his new successor, according to a company release. El Mahdi will assume his new role in January 2017. El Mahdi had been occupying the role of Deputy CEO and COO of OTMT and has over 22 years of experience. Moreover, the board of directors announced the appointment of Khaled Ellaicy as CFO, effective 1 January and bringing over 30 years of experience in accounting and finance. This comes following the resignation of Yousef Shoukry. (Company release)   OTMT: EGP0.91 as of 04 December 2016, Rating: Sell, TP: EGP0.53 per share, MCap: USD273mn, OTMT EY / OTMT.CA