Marlene Attard appointed CEO as Malita plc overhauls executive leadership

Marlene Attard has been appointed CEO of Malita Investments plc as part of a revamp in the company’s executive leadership.

Ms Attard joins the listed company after several years working as the Group Chief Administrative and Operations Officer at RS2 Software plc.

She will be responsible for the overall strategic direction and day-to-day management of the company's operations, including leading the executive team, implementing the company's business strategy as approved by the Board, overseeing the company's property portfolio and the delivery of the Affordable Housing Project, and managing stakeholder relationships.

Meanwhile, Stephen McCarthy has been appointed Chief Financial Officer, where he will be responsible for the company's financial strategy, planning and reporting, including overseeing all financial operations, managing the financial risks, ensuring compliance with regulatory and statutory requirements, and managing relationships with financial institutions and investors.

Amanda Desira will continue in her role as Chief Operating Officer, while Marvin Gaerty will transition from Executive Chairman to Non-Executive Chairman, providing strategic oversight and governance leadership to the Board.

The new leadership team will be tasked with reviving Malita’s fortunes after what has been a difficult few months. 

In November last year, Malita admitted that it was facing liquidity problems, forcing it to suspend works on a social housing project in Luqa and leaving contractors unpaid. 

Malita’s chairperson Marlene Mizzi added fuel to concerns when she claimed that she was removed from her post after objecting to interference by Housing Minister Roderick Galdes, an accusation Galdes denied.

The company dipped by around 18 per cent, although it has since recovered most of its original value. 

Cover photo: Marlene Attard (LinkedIn)