Michele Abela has been named Chief Financial Officer (CFO) at Malita Investments plc, the company announced on Monday.
His appointment will come into effect from 13th September 2023.
He will take over from Melanie Mizzi, who handed in her resignation last July. Ms Mizzi first joined the company in 2017 as Accounts Manager and was then promoted to CFO at the start of 2021.
When the announcement was first made, the investment holding company had said that it had commenced the process of finding a successor for Ms Mizzi.
Malita Investments is primarily concerned with the acquisition, development and management of immovable property, leveraging of revenue streams arising therefrom, and the reinvestment of undistributed profits in national and strategic real estate projects and commercial property opportunities. Some of the projects the company has developed include the Maltese Parliament, the Valletta City Gate and the Open-Air Theatre, among others.
Social image: Maltese Parliament, one of Malita Investments’ projects / Malita Investments
New Malita Investments CFO Michele Abela / LinkedIn
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Matthew Borg also resigned from his position as Non-Executive Director of the company.