Malta International Airport appoints new CEO

At a meeting of the Board of Directors of Malta International Airport  held on the 24 February 2015, Alan Borg was officially appointed Chief Executive Officer at Malta International Airport after serving the company as Chief Commercial Officer and Executive Director for the past three years.

Borg, who is the first Maltese to hold this title since the airport was privatised in 2002, succeeds former CEO Markus Klaushofer.

Borg has been a key player in making Malta and the airport better connected. He began his career as a manager in Airline Marketing and was quickly promoted to Head of Airline Marketing. He later served as General Manager of SkyParks Business Centre and in 2012 was appointed Chief Commercial Officer and Executive Director of Malta International Airport plc.

Chairman Nikolaus Gretzmacher congratulated Borg and thanked him for his excellent performance during his eight years at the airport. “Alan Borg has risen to every challenge and has been crucial in the airport’s development over the years. We’re very proud to have a Maltese CEO and we feel this will continue to improve the coordination and cooperation MIA enjoys with all stakeholders in this all-important industry,” said Gretzmacher.

Borg said, “It’s a huge honour to be tasked with such an important role for the airport and the country. It’s an even bigger honour to be the first Maltese CEO of one of Malta’s most successful privatisation projects. I look forward to keep building on the successes of previous years and pushing to make Malta International Airport the best airport in Europe.

"To achieve this we must keep investing as we have done consistently since 2002. MIA has invested over €83 million throughout the years, including Skyparks Business Centre, and the positive financial results confirmed today encourage us to keep moving forward with our planned investments over the years to come.”

At the same meeting, the Board of Directors resolved to propose to the Annual General Meeting of the shareholders that a further gross dividend of €0.123077 (net €0.080) per share be paid to all shareholders. This, together with the interim dividend already paid will bring the total for the financial year ended 31st December 2014, to a gross final dividend of €0.1692308 (net €0.11).

The Board of Directors also approved the financial statements of the Company for the financial year ended 31st December 2014. The revenue of the Group increased significantly in 2014 from €58.8 million in 2013 to €64.3 million - an increase of €5.5 million or 9.4%. The financial statements as approved by the Board of Directors are available for viewing on the Company’s web portal: http://investors.maltairport.com

The Company’s Annual General Meeting will be held on the 20th May 2015.