Actavis has appointed Patrick Cachia as managing director for the group’s two pharmaceutical manufacturing sites in Malta – Actavis Ltd in Bulebel and ArrowPharm Ltd in Ħal Far.
Mr Cachia joined Pharmamed Ltd in November 1994, and in 2005 he became production division manager for Actavis Ltd where he was heavily involved in the upgrade and operation of the site to meet stringent EU requirements.
Since March 2012, Mr Cachia has headed Actavis Ltd as managing director. He will continue to report to Sergio Vella, vice president for manufacturing operations in western Europe.
Bank CEO gets EIF post
Charles Borg, chief executive officer at Bank of Valletta, has been appointed a member on the audit board of the European Investment Fund (EIF).
The EIF is a specialist provider of risk finance to benefit small and medium-sized enterprises across Europe. It is a part of the EIB Group, whose shareholders are the European Investment Bank, the European Commission and a wide range of public and private banks and financial institutions operating in the European Union.
Mr Borg has been the bank’s CEO since 2011 and currently sits on the boards of Valletta Fund Services Ltd, Valletta Fund Management Ltd, BOV Investments Ltd and Middle Sea Insurance. He is also a member on the board of the World Savings Bank Institute.
New appointment at ifs-Malta
The Institute of Financial Services (ifs-Malta) has appointed Ann Marie D’Amato as its new head of corporate relations and business development, as part of reorganisation to strengthen the outreach of the non-profit organisation.
Ms D’Amato will build on her experience at ifs-Malta as a marketing executive for more than two years and continue to generate momentum to engage stakeholders from academia, business, government, and media.
“I am very keen to advance the premier reputation of ifs-Malta in creating a financially-literate society so each one of us can make informed decisions,” she said.
“My particular emphasis is to take our message to students and financial services practitioners, and promote financial education to the wider community.”
CEO for Montekristo
Montekristo Estates Ltd, operators of Montekristo Estate in Luqa, has appointed Jean Paul Sammut as its chief executive officer. The company is fully owned by the Polidano Group.
A lawyer by profession, Dr Sammut has occupied various top management posts with leading companies in Malta. He joined the Polidano Group in 2010. He will be assisted by Martha Micallef who was appointed general manager in November 2014.
The company is in the process of opening up the venues to leading caterers, enabling clients to use their preferred caterer for an event.
Dr Sammut will also be managing Empire Cinemas and the Water’s Edge guesthouse, which are owned by Polidano Group.