Gerald Lawless, the president and group CEO of Jumeirah Group, will take up a position at Dubai Holding starting February 2016.
Dubai Media Office, through its Twitter channel, confirmed Stefan Leser would replace Lawless, as the latter moves to a tourism and hospitality role at Dubai Holding.
Dubai Holding is an investment vehicle, owned in majority by Vice President and Prime Minister of the UAE and Ruler of Dubai, HH Sheikh Mohammed Bin Rashid Al Maktoum.
Through its business groups, Dubai Holding develops and manages hospitality, business parks, real estate, and telecommunications projects.
Lawless will also become Jumeirah Group's honorary president in recognition of his contribution to the company.
In his 18 years at Jumeirah Group, Lawless is credited with the establishment of Burj Al Arab, and the company's international expansion into London and Shanghai.
Remarking on the move, he said: “As I move forward into a new set of responsibilities at Dubai Holding, I look forward to a smooth transition with Stefan, and also to assuming the Chairmanship of the World Travel & Tourism Council in April 2016.”
Lawless was most recently in the news when he confirmed Burj Al Arab's expansion project, which involves the installation of two "mega sized" pools at the hotel.