On Friday Louis Farrugia has been appointed as the new Chairperson for Air Malta Plc, the former chairman was Mr.Sonny Portelli.
The Prime Minister thanked Sonny Portelli on behalf of the whole Government for the difficult and important work he had carried out in the formulation of Air Malta’s restructuring plan and in providing leadership for the Company during extremely difficult and turbulent times.
Dr. Gonzi said he accepted Mr. Portelli’s desire to dedicate more time to his chairmanship of the Malta Council for Economic and Social Development. Tonio Fenech, Minister responsible for Air Malta, praised Mr. Portelli for his dedication to Air Malta and welcomed Mr. Farrugia who, with his long standing experience, can contribute to Air Malta’s future and success.
Following the appointment of the new Chief Executive Officer of the Company, Mr Peter Davies, and the submission of Air Malta’s Restructuring Plan to the EU, Chief Executive as well as the Board led by Louis Farrugia will be responsible to continue with the implementation of the restructuring plan which aims to lead the Company back to profitability.
Louis Farrugia moves to Air Malta from the Malta Tourism Authority, bringing with him a lifelong experience in the private sector and in public appointments. He is the Chairman of the Group Executive Board of Simonds Farsons Cisk plc, and Chairman of the Board of Directors of Multigas Ltd, Liquigas Malta Ltd and Farrugia Investments Ltd.
Louis Farrugia has served on a number of Government Boards, is a member and past President of the Malta Chamber of Commerce, Enterprise and Industry and served as a non-Executive Director of HSBC Bank Malta plc for 4 years. He is also a director of the Commonwealth Business Council.
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