Harvest Technology plc has announced the resignation of its CEO and CTO (Chief Technology Officer) Godwin Caruana, with immediate effect.

Making the announcement as part of capital market rules, the company stated that he will also be resigning from his role as Director at its subsidiaries with immediate effect.

The company accepted his resignation and thanked him for his “service and commitment” over the years.

It added that Chris Fenech, its current CFO (Chief Financial Officer), has assumed the role of CEO on an interim basis and that the company’s board will make further announcements on the permanent appointment of a CEO “in due course.”

Dr Caruana was appointed as CEO of Harvest Technology in September 2019 and also carried out the duties of CTO in the role.

He served as a Director of the company’s subsidiaries Apco Ltd, APCOPAY and PTL Ltd since March 2019, after initially joined Harvest Technology as CTO in 2017.

Before that, he had a 27-year stint at the Malta Information Technology Agency (MITA), rising through the ranks from Software Developer to CTO.

Mr Fenech was appointed CFO of Harvest Technology in August 2019 but served as Director of Finance at 1923 Investments plc, formally known as PTL Holdings plc (the holding company containing Harvest Technology), since mid-June.

Before that, he served stints at PwC and Hili Ventures Ltd.

Harvest Technology is a diversified tech-based group of companies consisting of entities delivering systems and software engineering, security solutions and services, e-commerce platforms, electronic payments solutions, automation products, IT architecture, networking and systems maintenance, product development and IT outsourcing.