Shipping company AST Group plc on Wednesday announced two changes to its senior management.
Giuseppe Muscat, who is also CEO at NM Group and Fondazzjoni Pippo, has had his designation at AST Group changed from Non-Executive Director to Executive Director. He is also Chairman at the group, and is a Certified Public Accountant and Registered Auditor.
New AST Group Executive Director Giuseppe Muscat / LinkedIn
He has also resigned from the group’s audit committee.
Additionally, the group announced the appointment of Austin Demajo to Independent Non-Executive Director at the company. He will also take Mr Muscat’s place in the audit committee.
Mr Demajo worked at professional services firm Grant Thornton Malta for a number of years as Head of Tax Services and then Tax Partner, up until his retirement at the end of 2021. He specialised in local and international taxation and the financial services sector, and also provided services to foreign owned companies setting up businesses in Malta, along with tax advice to international clients involved in cross-border business ventures.
He is a Fellow of the Chartered Association of Certified Accountants and the Malta Institute of Accountants (MIA). He holds a Practicing Certificate in Auditing and regularly attends tax conferences. Mr Demajo is also a customary speaker at local conferences related to VAT and tax matters, including those organised by the Malta Institute of Management and the MIA.
Headquartered in Malta, AST Group is active in animal feed trading and shipping operations, and is structured across various companies and brands. The animal feed trading business operates across the Mediterranean and European regions under the Damask Investment brand, while its shipping and chartering businesses operate through DS Shipping Limited and DS Chartering Limited, respectively. Through its subsidiaries, the group also owns, manages, and charters a multipurpose vessel named AST/MALTA, primarily used for the delivery of animal feed across the Mediterranean.
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