AX Group Appoints Albert Bonello as Managing Director of Finance and Administration

AX Group is pleased to announce the appointment of Albert Bonello as Managing Director of Finance and Administration. In this role, Mr Bonello will be responsible for overseeing the Group’s financial and administrative operations, driving further growth, and ensuring efficient operations.

Mr Bonello brings a wealth of experience to the role, having joined the Group in 2007 where he served in a series of senior finance positions, including Chief Financial Officer. His unwavering dedication, expertise, and outstanding contributions have been critical to the Group’s financial success and growth. Mr Bonello has also been a key player in several of the Group’s notable achievements, including the listing of three bond issues and one share issue on the Malta Stock Exchange.

“Albert’s appointment is a testament to his exceptional record of service and contributions to AX Group,” said Michael Warrington, CEO of AX Group. “His deep understanding of the Group’s financial operations and his strong leadership qualities make him the ideal candidate for this role. We have no doubt that he will continue to make a lasting impact in his new capacity and lead the Group towards even greater success.”

As Managing Director of Finance and Administration, Mr Bonello will be tasked with shaping the Group’s overall business strategy and aligning the finance and administration functions with the company’s long-term visions. With several high-profile projects on the horizon—which include the opening of Palazzo Lucia, a premium office space in Valletta; the redevelopment of the Suncrest hotel and waterfront lido in Qawra; and the launch of the Verdala project, which features a collection of luxurious residences and a 5-star boutique hotel and spa in Rabat—Mr Bonello’s appointment comes at an exciting time for AX Group.

“I am deeply honoured to step into this new role at AX Group,” said Mr Bonello. “Having served this organisation for over a decade, I am grateful for the opportunities and support I have received. I would like to express my heartfelt gratitude to our Chairman and Founder, Angelo Xuereb, and CEO, Michael Warrington, together with the rest of our board of directors for their trust and confidence in me. As I take on this new challenge, I am fully committed to continuing to drive the financial success of the Group to help it remain at the forefront of our core industries.”

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