Nominations to Board of Directors at Bank of Valletta
Bank of Valletta, Malta
Wednesday, 02 November 2016
BOV announces that the current chairman of the board of
directors of Bank of Valletta p.l.c. 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 16th December 2016.
In accordance with the terms of the bank’s Memorandum and
Articles of Association, the government has nominated Mr Taddeo Scerri as
chairman and Ms Anita Mangion as director on the board of Bank of Valletta
p.l.c. for a period of one year with effect from 16th December 2016,
subject to regulatory approval.
Mr Antonio Piras has been nominated by UniCredit S.p.A. to
serve as its representative on the board of directors of the bank with effect
from 16th 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.
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. .
Mr Piras occupies the role of Vice Chairman of Iacobucci
Aerospace HF S.p.A. Until recently he was Vice Chairman of Eurofidi Soc.
Consortile Garanzia Fidi s.c.a.r.l. (Turin). Mr Piras was a director of
Equitalia Centro S.p.A. (Florence). He also held various senior
management positions at UniCredit Group.
There is no matter concerning Mr Scerri, Ms Mangion and Mr
Piras which requires disclosure under Listing Rule 5.20.5 to Listing Rule
5.20.9