IGY Appoints Michael Horrigan New CEO Middle East and Europe
20 Feb 2008New Chief to Drive International Development of Luxury Waterfronts and Marinas
DUBAI, UAE and FORT LAUDERDALE, FL (February 20, 2008):
Island Global Yachting (IGY), one of the world’s premier owners, developers and managers of marina properties and yachting lifestyle destinations, today announced the appointment of Michael Horrigan as the organization’s new Chief Executive Officer Middle East and Europe. Horrigan will be responsible for marina and related upland real estate design and development for all projects throughout the Middle East and European regions.
“IGY’s local track record bears testament to the vast potential within the Middle East. Our current projects mark just the tip of an iceberg of opportunity. It is therefore an honour and a challenge to be appointed as IGY’s new CEO,” says Horrigan.
“Michael’s commitment and passion to IGY stood out from the very beginning and his vision for the company in the Middle East and Europe make him the right man for the job,” adds Charles Garner, President of IGY.
Michael Horrigan moves from his role as Director of Development at IGY and adds that his objective is to push the boundaries of waterfront development in the region.
“IGY is already in partnership with some of the most groundbreaking developers in the region. Nakheel, for one, is a partner with whom we are working on some of the most ambitious projects in the world. Anchor Marina on The Palm Jumeirah is one example of this fruitful partnership that is bringing a completely new level of luxury to waterfront development in this region.”
Horrigan, an award winning architect, is uniquely positioned to take IGY forward. He has been Senior Vice President and Project Director for several international project management companies operating throughout the mainland United States, as well as in the Far East and the Middle East.
“There will be an enormous amount of development and change within the industry and IGY is already spearheading the establishment of a benchmark in waterfront development. I am now well placed to lead this change and take the organization into new neighbouring markets,” explains Horrigan.
IGY is the exclusive marina developer for all of Nakheel’s coastline based developments, including The Palm and The World.
Chris O’Donnell, CEO of Nakheel, was amongst the first to send his congratulations “Nakheel were delighted to hear of Michael’s appointment as he and his team at IGY have demonstrated the skills required to design and develop the world-leading marinas and supporting upland facilities our unique projects require”.
ABOUT ISLAND GLOBAL YACHTING
From the islands of the Caribbean to the azure waters of the Arabian Gulf and other beautiful yachting destinations around the world, IGY is redefining the very idea of luxury marina experiences. Founded in 2005, IGY focuses on acquiring, controlling and/or servicing luxury-yacht marinas and the surrounding upland real estate properties. Island Global Yachting marinas operate under the signature Yacht Haven Grande collection and the IGY series brands, as well as several private labels. Headquartered in Fort Lauderdale, Florida, IGY also has offices in New York, NY; St. Thomas, USVI; and Dubai, UAE. IGY is an affiliate of Island Capital Group LLC, a real estate merchant banking firm led and founded by Andrew Farkas, former chairman of Insignia Financial Group. For more information, please visit www.igymarinas.com.
