Saudi Entertainment Ventures Company (SEVEN), fully owned by the Public Investment Fund (PIF), has announced the appointment of Jennifer Hanser as EVP, Strategy and Mergers & Acquisitions (M&A). Hanser will hold responsibility for ensuring SEVEN’s investments and project executions meet its vision of being a leader in Saudi Arabia’s burgeoning entertainment ecosystem.
Hanser joins the rapidly expanding entertainment group after the organisation recently announced plans to create the first 100,000 square meters purpose-built entertainment complex in the Kingdom.
Chairman of the Board of Directors of Saudi Entertainment Ventures, Abdullah bin Nasser Al-Dawood, said: “Jennifer has a strong track record of building relationships with key stakeholders from varied disciplines to yield highly-negotiated, well-structured deals that optimise alignment and drive results in competitive, regulated, international business environments.”
Bill Ernest, CEO of Saudi Entertainment Ventures added: “Jennifer joins us as we develop the most exciting, wide-ranging and ambitious plans for a new era in entertainment across the Kingdom. Her wide experience at all levels of seniority within some of the world’s most well-known organisations – from Wall Street to Major League Baseball – gives her some unique and powerful insights into modern business strategy.”
Jennifer’s stellar two-decade career in the US spans some of the world’s most well-renowned organisations. Beginning in the year 2000 as a Financial Analyst with Deutsche Bank, she has enjoyed success working with Merrill Lynch, AOL, FIFA, MLB Advanced Media and Sony Music Entertainment. The English- and Spanish-speaking executive holds a BA in Latin American Studies from John Hopkins University. Hanser is a seasoned executive, leading top-tier, global firms ahead of trends to drive change across industries.
The Fund expects SEVEN’s national projects – beginning with the Riyadh-based entertainment complex and nationwide movie theatres – to welcome more visitors a year and provide more jobs.