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SmartCity CEO resigns

Claudio Grech, chief executive of SmartCity Malta, announced his resignation today, saying it will come into effect on October 1. He said he was stepping down in view of "diverging operating views".

"Over the last weeks I have discussed my decision with the shareholders to whom I have explained the reasons motivating my resignation.

"Although this separation is unfortunate, I should make it clear that my resignation should not signify a dent to or doom of the Project. Although I have contributed enormously to what it is today, SmartCity Malta is much larger than any individual and this should be kept constantly in mind at this sensitive juncture," Mr Grech said.

"Moreover, I have no reason to doubt that the shareholders will sustain their investment in the project and hence I sincerely hope that the project will take shape as originally intended."

Mr Grech thanked all those who had helped him in his 15 months in the job. Among them he mentioned the opposition, saying its support and avoidance of controversy showed that where it mattered, this country could converge its efforts in one common direction.

"Notwithstanding the circumstances, I firmly believe that Tecom Investments is still the best poised player to develop the ICT township in Ricasoli. This company has led the development of numerous technology clusters in Dubai and, despite the economic downturn, certainly has the right capabilities to develop SmartCity Malta too," he said.

"Reconciling the current circumstances with the long journey we went through to come to where we are, working hard to realize a dream into a social and economic reality for the South of Malta, is somewhat an emotional roller-coaster. Nevertheless, the project will always remain close to my heart and I therefore sincerely wish Tecom Investments and the Government the best of luck with its implementation," Mr Grech said.

SmartCity Malta said it had accepted Mr Grech’s resignation and appointed Fareed Abdulrahman as interim CEO .

Deepak Padmanabha, chairman of SmartCity thanked Mr Grech for his service.

“Claudio has made a sterling contribution to SmartCity Malta. Apart from his incessant commitment, he has demonstrated excellent professional abilities in the discharge of his duties. Moreover, his effort to attract foreign direct investment aimed at creating an ICT destination of excellence in Malta was particularly significant and commendable; this has definitely enhanced the international visibility of Malta and SmartCity Malta.”

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