AX Group announces succession plan for Michael Warrington’s transition from CEO

AX Group has announced an exit plan for Michael Warrington as CEO, and it is understood he will remain in the role for the coming year.

He will be replaced by Kenneth Abela, who recently stepped down from his roles as Group Chief Financial Officer (CFO) and Company Secretary of Dizz Finance plc and D Shopping Malls. Until then, Mr Warrington will continue in his role as acting CEO.

In addition, Mr Warrington will be appointed Deputy Chairman of the group, with effect from 1st December.

His career at AX Group started in 2000, following his appointment as Finance Director. 16 years later, he was named CEO.

Mr Warrington is also Director of several private and public listed companies in Malta and internationally and also holds a Bachelor of Arts (Hons) in accountancy and a Master’s in Financial Services.

Established by Chairman Angelo Xuereb, AX Group was founded in 1975 and has throughout the years expanded its portfolio to include restoration works, hotels, restaurants, care homes and other projects.

Social media image: AX Business Centre (Attard Bros Group) / Michael Warrington (AX Group)

Main image: Michael Warrington (AX Group)