Nikhil Patil and Reuben Attard have tendered their resignation from BMIT Technologies as Directors, with Mr Patil tendering his resignation as chairperson of the Board, and Mr Attard resigning from his role as a member of BMIT’s Audit Committee.
In a company statement posted to the Malta Stock Exchange, BMIT said the changes to the Board “are intended to achieve a greater independence of the company from its majority shareholder,” which is local telecoms giant GO plc.
Indeed, Mr Patil currently serves as Chief Executive Officer at GO and Mr Attard is the current Chief Financial Officer at the same company.
BMIT’s Board thanked Mr Patil and Mr Attard for their loyal service and wished them success for the future.
Furthermore, Faker Hnid has also resigned from his position as a member of the company’s Audit Committee, but will continue to sit on BMIT’s Board of Directors. He also sits on the Board of GO plc.
Following the resignations Daniela Zammit and Michael Mercieca have been appointed as independent non-executive directors of BMIT, replacing Mr Patil and Mr Attard on the Board. They have also been appointed as members of the Audit Committee replacing Mr Attard and Mr Hnid.
Ms Zammit and Mr Mercieca both have extensive professional experience, with the former having worker for over 10 years in the assurance practice of PwC and the latter having held the position of Senior Manager at Deloitte Malta.
Christian Sammut, who is currently the CEO of BMIT, has also been appointed by the Board as an executive director.
BMIT has also confirmed that a new chairperson of the board will be appointed in due course.
