Johan Farrugia appointed Executive Chairman of Malita Investments plc amid internal reorganisation

Malita Investments plc has announced the appointment of Johan Farrugia as Executive Chairman, effective from 2nd April 2025, as part of an internal reorganisation exercise.

This strategic leadership change also brings with it a restructuring of the Board of Directors, which is now composed of Johan Farrugia as Executive Chairman, along with Robert Suban, Desiree Cassar, Miguel Borg, Victor Carachi, and Tania Brown, all serving as Non-Executive Directors.

In light of his new executive role, Dr Farrugia has stepped down from his positions as Chairman of the Remuneration and Nominations Committee and as a member of the Audit Committee with immediate effect.

Victor Carachi, already a member of the Remuneration and Nominations Committee, has been appointed its new Chairman. Additionally, Tania Brown has joined the same committee as a new member. Meanwhile, Desiree Cassar has been appointed as a member of the Audit Committee, replacing Dr Farrugia.

Separately, the company also announced that Chief Financial Officer Michele Abela has tendered his resignation, effective 28th April 2025. He will continue to support the company throughout the audit period and assist in the transition process until a suitable replacement is found.

“The Board extends its sincere thanks to Mr Abela for his invaluable contribution to Malita Investments plc and wishes him continued success in his future endeavours,” the company said in its announcement. The process of identifying his successor is currently underway, and further updates will be communicated to the market in due course.