Kenneth Farrugia has been reappointed as the chairman of Malita Investments. The board members are Vincent Mifsud, Frederck Mifsud Bonnici, Danny Russo, Ray Sladden, Paul Mercieca and Robert Suban.

At the recent AGM, the board approved a gross dividend of €604,110 or €0.0201 per share.

Mizzi stays on as president

Maurice Mizzi

Maurice Mizzi has been reappointed as president by the board of director of Mizzi Organisation for another term. Chev. Mizzi is the last surviving son of the founder of Mizzi Organisation Spiro Mizzi.

Chev Mizzi joined his father’s business in 1957 and was made responsible for the setting up and development of Mizzi Ltd (now Zanussi Centre).

He is CEO for both Continental Cars Ltd, handling renowned automotive brands such as Volkswagen, Seat, Audi and Porsche, as well as for Titan International Ltd – the engineering arm of Mizzi Organisation.

One of the largest privately-owned organisations in Malta, Mizzi Organisation is active in a diversity of sectors which include automotive sales and service, beverage production, distribution and importation, retail, tourism, real estate, schools as well as mechanical and electrical contracting. Mizzi Organisation has 1,200 employees and will be celebrating 100 years in business in 2018.

KPMG appoints two new associate directors

Antoinette Borg and Clifford Delia.

KPMG Malta has appointed two new associate directors – Clifford Delia within the accounting support services function and Antoinette Borg within the firm’s advisory function.

Mr Delia joined KPMG in 2003 since 2008, has worked in accounting support services as manager and later senior manager.

Since joining KPMG in 2013, Ms Borg has taken a senior role on a number of engagements within the transactions and restructuring space, with a particular focus on mergers and acquisitions.

Prior to joining KPMG, she worked within the government’s management consulting arm, advising the government on management, restructuring and selective divestment of state-owned enterprises.