Deborah Schembri has been named Non-Executive Director on Bank of Valletta’s Board, after the Bank’s Annual General Meeting (AGM) on Thursday.

This comes after two vacancies for Non-Executive Directors arose during the AGM, with Ms Schembri and James Grech being appointed for each of them.

While BOV had received four valid nominations for the appointment of Directors, two of them were withdrawn at various stages of the selection process.

As a result, the remaining nominees, Ms Schembri and Mr Grech, were automatically appointed as Non-Executive Directors at the AGM.

The appointment of Ms Schembri is subject to regulatory approval and her appointment will become effective from the said date of approval.

All other Directors, both Executive and Non-Executive, except for Steve Agius, remained in office in accordance with the Articles of Association.

Therefore, BOV’s Board of Directors is now made up of Gordon Cordina as Non-Executive Director and Chairman, Miguel Borg and Rick Hunkin as Executive Directors, along with Kevin Borg, Diane Bugeja, Elizabeth Camilleri, Mr Grech, Alfred Lupi, Anita Mangion, Alfred Mifsud, Antonio Piras, Ms Schembri and Godfrey Swain as Non-Executive Directors.

Ms Schembri is a Certified Public Accountant, holding a Master’s degree in Business Administration from Henley Management College in the United Kingdom, as well as an Advanced Diploma in Retirement Provision pursued with the United Kingdom Pensions Management Institute.

She has more than 20 years of experience in the financial services, gaming, caring, construction and property development, oil and fuel, transport, pest control as well as hospitality and travel industries.

Additionally, she is currently Group Chief Financial Officer of a major local diversified group of companies operating locally and internationally.

She also served as CEO and Managing Director of STM Malta and was instrumental in the set-up and growth of the Company, as well as placing the firm as “the major provider internationally in its field”.

The AGM also confirmed that BOV’s Profit and Loss Account and Balance Sheet for the financial year from 1st January 2021 to 31st December 2021 as well as the Directors’ and Auditors’ reports were received and approved.

KPMG Malta, together with KPMG LLP were jointly re-appointed as auditors of the Bank, with this decision being approved.