Karl Stagno-Navarra
Malta Shipyards chief executive Christopher Bell has relinquished his post and reportedly left the island in search for new pastures, after government refused to renew his contract.
A spokesman for the Ministry for Investments, Transport and Communications (MITC) confirmed that Christopher Bell’s contract expired in June last year, however it was extended for another year, to coincide with the completion of a major ship conversion project.
In a written reply to MaltaToday’s questions, the ministry said no new call for applications for a new CEO has been issued, and that Bell’s contract was not renewed due to the shipyards’ privatisation. “Work on a major conversion contract has been completed recently. Therefore, the Board of Directors felt that on such basis – amongst others – it should not renew Mr. Bell’s contract,” the spokesman said.
Asked about the current state of affairs at the shipyards, the ministry said work is continuing on super yachts, and on “some” ship repair, as well as in Manoel Island. “In parallel, preparations are progressing in the privatisation of the facilities,” the ministry said.
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