Lombard Bank Malta chief executive officer and director Joe Said has been appointed chairman of Maltapost, succeeding David Stellini who retains a place on the board of directors.
This change follows the recent acquisition by Redbox Ltd, a subsidiary of Lombard Bank, of an additional 25 per cent shareholding in Maltapost, raising Lombard's total shareholding in that company to 60 per cent.
The other board members are Joseph Azzopardi, Ian Pellicano, Philip Tabone and newly-appointed director Aurelio Theuma, who is the chief financial officer of Lombard.