Kenneth Abela steps down from CFO role at DIZZ Group

On Thursday (today), Dizz Finance plc and D Shopping Malls Finance plc announced that Kenneth Abela, stepped down from his roles as Group Chief Financial Officer (CFO) and Company Secretary.

His resignation as Group Chief Financial Officer at the companies will be effective from 22nd November 2024 while his resignation from Company Secretary will be effective from 31st October (today).

Mr Abela has been CFO of Dizz Group since 2020. Dizz Group is the parent company encompassing D Shopping Malls Finance plc and D Shopping Malls Limited, which together form the D Shopping Malls Group. This group focuses on investing in, acquiring, holding, and managing properties within the larger Dizz Group portfolio. Additionally, Dizz Finance plc serves as the financial arm of the holding group.

Mr Abela has a Bachelor of Arts (Hons) in Accountancy from the University of Malta and is a member of the Malta Institute of Accountants (MIA)’s Professional Accountants in Business and Advisory Group.

Between 2009 and 2020 he worked at Island Hotels Group, first joining as CFO and eventually also held the role of Group Company Secretary. Before joining Dizz Group he also worked as CFO at Corinthia Hotels and Catering Operations (Malta-Spain) within Corinthia Group.

To replace his role as Company Secretary for both companies, Edwin Pisani will be taking over, who has been working at the group since 2011 has held various senior positions. So far, no announcement was made about Mr Abela’s replacement as CFO to the companies.

Additionally, with effect from today, Nigel Scerri has resigned from the position of Independent Non-Executive Director of Dizz Finance plc.