Chief Finance Officer Frank Zahra departs The Ona Group

Chief Finance Officer (CFO) Frank Zahra has tendered his resignation at The Ona Group, announcement by holding company The Ona plc stated on Wednesday.

Mr Zahra’s departure comes just a few months after he was first named in the position, having been appointed CFO last June.

He had told MaltaCEOs.mt that the move marked a return to the tourism sector for him after the COVID-19 pandemic, and proved to be a “very exciting step” in his career.

Justin Cutajar, who was appointed Executive Director last October, has been named interim CFO until further notice. Mr Cutajar is an accountant by profession, and previously served as the group’s Company Secretary and Finance Director.

The Board of Directors proceeded to thank Mr Zahra for his service and time to the company, and also wished him well in his future endeavours.

The Ona Group is a group of business ventures based in Malta that has a presence in the hospitality, development, and the marketing and distribution of a number of brands. It is spearheaded by Cliona Muscat, a seasoned entrepreneur who has experience leading the management of the international retail brands the group brought to Malta, including Women’s Secret, Springfield, Pedro de Hierro and Cortefiel.

The group’s presence in the hospitality industry is driven by its franchise agreement for the management of AC Hotels by Marriott.