Tad­deo Scerri to re­place John Cas­sar White as BOV chair­man

Malta Independent - - NEWS -

BOV said to­day that the cur­rent chair­man of the board of direc­tors of Bank of Val­letta plc John Cas­sar White has in­formed the Gov­ern­ment of Malta, as the main share­holder of the bank, that he will not con­tinue to serve on the board af­ter his term ex­pires at the next An­nual Gen­eral Meet­ing of the bank that will be held on 16 De­cem­ber.

In ac­cor­dance with the terms of the bank’s Mem­o­ran­dum and Ar­ti­cles of As­so­ci­a­tion, the gov­ern­ment has nom­i­nated Tad­deo Scerri as chair­man and Ms Anita Man­gion as direc­tor on the board of Bank of Val­letta plc for a pe­riod of one year with ef­fect from 16 De­cem­ber 2016, sub­ject to reg­u­la­tory ap­proval.

Mr An­to­nio Pi­ras has been nom­i­nated by Uni­Credit SpA. to serve as its rep­re­sen­ta­tive on the board of direc­tors of the bank with ef­fect from 16 De­cem­ber 2016 sub­ject to reg­u­la­tory ap­proval.

Mr Tad­deo Scerri was ap­pointed to the board of Bank of Val­letta in April 2013. Mr Scerri cur­rently chairs the bank’s Au­dit Com­mit­tee and is a mem­ber of the bank’s Re­mu­ner­a­tion Com­mit­tee and of the bank’s As­set and Li­a­bil­ity Com­mit­tee. He is a qual­i­fied ac­coun­tant. Mr Scerri was the Man­ag­ing Part­ner of RSM Malta un­til his re­tire­ment in 2015. He was the fi­nan­cial ex­pert on the local UEFA Clubs Li­cens­ing Board and was also a mem­ber of the Malta Foot­ball As­so­ci­a­tion’s Fi­nance Com­mit­tee.

Ms Anita Man­gion, Exec. MBA (eBusi­ness) post-grad­u­ate, is cur­rently a board direc­tor at Malta In­dus­trial Parks and heads the Busi­ness De­vel­op­ment of an IT com­pany. Ms Man­gion started her pro­fes­sional ca­reer at the Malta Stock Ex­change while read­ing for a BSc in Busi­ness and Com­put­ing, and sub­se­quently at MFSA fol­low­ing the at­tain­ment of a B.Com Hons (Man­age­ment). Over the last 14 years, she has helped var­i­ous or­gan­i­sa­tions in dif­fer­ent in­dus­tries (mainly fi­nan­cial, ICT, telecom­mu­ni­ca­tions, man­u­fac­tur­ing as well as state en­ti­ties and NGOs) de­velop their busi­ness, suc­cess­fully build or re-struc­ture their busi­ness pro­cesses and stream­line their oper­a­tions through Strate­gic Con­sul­tancy and ICT so­lu­tion im­ple­men­ta­tion.

Mr Pi­ras oc­cu­pies the role of Vice Chair­man of Ia­cobucci Aero­space HF SpA. Un­til re­cently he was Vice Chair­man of Eurofidi Soc Con­sor­tile Garanzia Fidis­carl (Turin). MrPi­ras was a direc­tor of Equitalia Cen­tro SpA (Florence). He also held var­i­ous se­nior man­age­ment po­si­tions at Uni­Credit Group.

There is no mat­ter con­cern­ing Mr Scerri, Ms Man­gion and MrPi­ras which re­quires dis­clo­sure un­der List­ing Rule 5.20.5 to List­ing Rule 5.20.9

At the An­nual Gen­eral Meet­ing to be held on 16 De­cem­ber, share­hold­ers will be elect­ing the re­main­ing six direc­tors who will then be as­sessed by the reg­u­la­tors through a fit and proper eval­u­a­tion process.

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.