Korioun Khatchadourian Appointed Executive Director of H. Hovnanian Family Foundation

YEREVAN, DECEMBER 27, ARMENPRESS. Korioun Khatchadourian has been appointed as Executive Director of the H. Hovnanian Family Foundation in Armenia. Khatchadourian will represent the organization in its extensive philanthropic activity throughout Armenia effective January 9, 2023. For the last four years, he led a number of innovative rural development initiatives at the Children of Armenia Fund (COAF), and prior to that managed several pioneering initiatives of TUMO, first in Stepanakert then in Paris, France, spearheading the expansion of TUMO’s educational model worldwide.

Khatchadourian has over 10 years of experience within the non-profit and educational fields, having carried out professional and educational activity globally from London to Sweden, then Brussels to Paris, which all finally brought him to Armenia. Khatchadourian holds a dual Master’s degree in Management and Entrepreneurship from Kedge Business School in Marseille, France.

“As a Diasporan Armenian and a strong believer of repatriation's great impact for Armenia’s long-term economic development, I consider the H. Hovnanian Family Foundation theorganization which fully meets my vision and aspiration. I amthrilled to lead one of Armenia's most strategic organizations and help bring innovative solutions to Armenia’s further development,” shared Khatchadourian.

He replaces Naira Melikyan, who worked for the organization for over 25 years involved in construction of the existing Foundation headquarters, Saint Anna Church, the existing Cultural Center in Hrazdan Gorge, and all philanthropic programs including educational scholarships and charitable grants. As such, he inherits a talented team based in Armenia to carry out existing development programs throughout the country as well as spearheading all new special projects of interest to the Foundation by working directly with the President of H. Hovnanian Family Foundation, Edele Hovnanian, and its Board of Directors.

“During our executive search, Korioun stood out as someone who could represent the Foundation in Armenia with professionalism and innovation,” said Hovnanian. “With his business background, coupled with 10 years of experience in Armenia managing two high-profile projects I respect, I know that we will certainly accomplish a lot of exciting things together. All of this is especially important as we are in a new phase of our family’s foundation with the next generation at the helm since my father’s passing, and we want to expand impactfully upon what we already have in place,” she added.

Khatchadourian, a native of Paris, resides in Yerevan with his wife and their two sons, and believes that with his supervision, theH. Hovnanian Family Foundation will buildstronger communities, improve economic development, and support all levels of the repatriation process for Armenia’s long-term economic development.

“Since itsinception, so much has been done to bring positive change to the communities through extensive philanthropic activity throughout Armenia. I am very proud and honored to be part of this great organization as a leader who has been engaged in impactful projects for over 10 years. I love the mission of the organization and I look forward to building strategic partnerships and continuing to build on this incredible legacy, which has already contributed so much to our country. I can’t wait to get started,” he added.

Since the Foundation’s establishment in 1986, H. Hovnanian Family Foundation has earmarked over $75 million to hundreds of initiatives and projects for charitable, educational, scientific, cultural, and other related purposes with a primary focus on assisting Armenian communities worldwide as well as organizations in Monmouth and Ocean Counties in the state of New Jersey.