GlobalCapital announce appointment of new CEO

GlobalCapital has announced the appointment of Reuben Zammit as chief executive officer.

Reuben Zammit is a fellow of the Association of Chartered Certified Accountants and has been part of GlobalCapital p.l.c. since 2008. Throughout this time he has held key positions within the company with the most recent being Chief Financial Officer. His career spans more than 15 years in progressively senior positions within the industry.

Zammit will lead GlobalCapital’s diversified activities and will ensure the implementation of the company’s plan for the rationalisation of core competencies and reduction in costs across the business activities and processes in order to ensure a return to profitability, increase shareholder value and strengthen the company’s future growth.

His previous role within GlobalCapital makes him well-positioned to undertake the necessary changes within the company.

“GlobalCapital’s business is diverse with each activity presenting its own challenges, particularly when one bears in mind that these activities are highly regulated,” Zammit said.

“The Board of Directors have given me clear instructions to take all the necessary steps to ensure that we are well positioned to address the constant change within our industry whilst returning to profitability. I believe that the company has the necessary expertise and resources to implement and achieve the strategy set by the Board.”

“Myself, together with the support of all my Board, have full trust and confidence in Reuben to deliver results to our shareholders. We will give him all the necessary support to make this happen and see GlobalCapital p.l.c. back into a leading market position,” GlobalCapital chairman Dawood Rawat said.