Bank of Valletta said today it is seeking applications for the post of CEO as the (three year) contract of the incumbent, Charles Borg, expires at the end of the year.
"In a board meeting held today, Thursday 27 August 2015, the Board of
Directors resolved to issue a call for application for the post of CEO for executives of the Bank as well as for external candidates," the bank said.
An interviewing board has been set up to make recommendations to the board for a decision on the appointment.
KPMG will act as observers to ensure objectivity throughout the process, the board said.