IZI Finance plc has announced that Joseph Mallia has bowed out from Chief Financial Officer (CFO) and Executive Director of the said company, with immediate effect.
The announcement was published on the Malta Stock Exchange, on Tuesday (today).
Mr Mallia was initially employed with Dragonara Casino in 2005 and eventually transferred to IZI Group plc on 30th June 2010, when Dragonara Gaming Limited, a subsidiary of the Dragonara sub-group within IZI Group, was awarded the concession to operate and manage the casino.
He occupied the position of CFO at IZI Group plc. As part of the top management team, Mr Mallia provided leadership in developing and implementing financial reporting and controls to support accountability and the various decision-making processes of the strategic nature within the group.
Mr Mallia has vast experience in the land-based casino and gaming industry along with business modelling and forecasting trends in the market.
The role of CFO will be occupied, on an interim basis by Nicolo’ Baldacchino Orland, the group’s Head of Finance.
In the meantime, the company stated that it has already started its efforts to recruit a new CFO.
IZI Finance plc is the finance company of its operating subsidiaries and associated companies. It has shareholding interests in its operating subsidiaries.
On the other hand, the group operates Malta’s land-based gaming industry such as casino sports betting, commercial bingo, and electronic gaming machines. Additionally, the company took over Maltco Lotteries, as from 5th July 2022.
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