Air Malta today announced the appointment of its new Chief Financial Officer (CFO), Mr Nicholas Xuereb. He will be spearheading the airline’s financial department and will be reporting directly to the CEO, Mr. Peter Davies.

In a statement the airline said that Mr Xuereb’s appointment continues the build up of talent at senior management levels which is required to turn around the airline’s performance and create a sustainable national airline for Malta. The position of CFO is critical to the airline’s success.

Nick joins Air Malta with extensive experience in the finance profession, having worked most recently with Trelleborg Sealing Solutions Malta as the Finance Director for over 12 years and before that with PriceWaterhouseCoopers. Currently, Nick is also the Chairman of the Malta Lotteries and Gaming Authority.

Peter Davies, CEO at Air Malta, said, “This appointment is another step forward in our plans to turnaround Air Malta. Nick is a finance professional and an energetic young man. He will be responsible for bringing the essential disciplines to the company’s financial management, corporate financing, revenue accounting and supporting the implementation of the restructuring plan over the next 2-3 years. He will be a key part of my senior management team and I am confident that he is going to be a great asset to the airline.”

Commenting on his appointment, Nick said:,”I am pleased that I have been trusted with this important responsibility by our national airline. I am looking forward to work hard in order to help strengthening Air Malta’s financial situation for the benefit of the airline and the country.”

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