Jennifer Falzon steps down from CEO role at Malita Investments

Malita Investment plc CEO Jennifer Falzon has stepped down from her role at the company, with effect from 19th December.

The company is currently in the process of appointing a suitable successor and will communicate to the market about any updates in due course. Until then, the functions carried out by the CEO will be temporarily assumed by the company’s Chief Operations Officer, Amanda Desira, as interim CEO.

The company wished Ms Falzon success in all her new endeavours.

Ms Falzon joined the company in 2011 as an Accounts Manager and was its first employee. Malita Investments was originally set up by the Government to finance public and private developments but has since grown to include the operations side of a number of projects.  

Last May, both the company and CEO came under fire for allegations of having instructed voters to change addresses to Government apartments in Siġġiewi, despite them not yet being habitable.

However, the company and CEO “unequivocally” denied any allegations of wrongdoing and even filed a police report for immediate investigation.

Politically, Siġġiewi had been dominated by the Nationalist Party (PN) yet in 2019, Labour Party won the locality for the first time since Local Council elections began back in the 1990s. During the 2024 elections, PN won the locality back.