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Bortex Group Finance plc

Peter Borg

Executive Director, Rotating Chairman

Peter Borg joined the family business after completing his studies in 1989. He became Managing Director of Germal Company Ltd, Sandpiper Company Ltd, and Valletta Light Clothing, all manufacturing concerns. He took over as Managing Director of Bortex Clothing Industry in 1991 and saw the manufacturing group expand from a solely Malta based private label manufacturer to a mixed portfolio business with manufacturing operations on three continents. The ‘Gagliardi’ brand was developed and is sold via a chain multi brand stores in Malta and a combination of own stores, franchise, web and wholesale channels overseas. He also served as director on the Group’s Hospitality and Property Division since 1989. Peter has sat on various boards as a non executive director including Middle Sea Insurance plc and Plaza centres plc, is currently Deputy Chairman of Malta Enterprise and non executive director at P.Cutajar Ltd.

Karen Bugeja

Executive Director, Rotating Chairman

Karen Bugeja joined the family business in 1990. She read for a Master Degree in Business Administration and specialised in Business Finance. She joined the hospitality side of the business and became Managing Director of the Group’s hotels at the time. The hospitality division is now being repositioned from standard tourist properties to a more up market ‘lean luxury concept’ in Sliema and Valletta. The group also operates luxury tourism property overseas particularly on the French Riviera. As CEO of Hospitality and Property, she also spearheads the property development division which is currently launching a luxury living concept in central Sliema She has also served as director on the manufacturing and retail boards since 1989 and on the board of Airmalta plc for 4 years where she also sat on the audit committee.

Christine Demicoli

Executive Director; CFO Hospitality and Property Operations, Company Secretary

Christine Demicoli is a Certified Public Accountant who graduated with a Bachelor of Accountancy (Honours) from the University of Malta. She joined the Bortex Group in 1995 after two years of work experience with KPMG Malta, where she was involved in a number of auditing assignments for high-profile companies. Christine started working with the Group as the accountant for Sandpiper Limited, Germal Limited and Valletta Light Clothing Limited – all manufacturing concerns – and of Roosendaal Trading Limited, a retail company, formerly known as Technical Services & Supplies Limited. Eventually, Christine was asked to assist in the finance department and in the management of the hospitality division, which led the way for her to take on the role of Chief Financial Officer & Company Secretary for this sector of the business and of the property development division in 2002. She has served on the Group’s main boards since 2015.

Joseph Cachia

Independent, non-executive Director

Joseph Cachia joined Bortex in 1979 after 15 years as a print media journalist and, later, with Malta Television, where he served as head of the news and current affairs department. His Bortex career spanned 33 years, during which time he was intimately involved in the Group’s entire operational spectrum – from planning, production control and outsourcing overseas, to the procurement of raw materials, sales and marketing. Joseph was a pioneer in the Group’s marketing division, which was<br /> expressly set up early in the 1980s by the Group’s founder, Sunny Borg, to develop market strategies that would diversify the Group from a manufacturing operation solely supplying a partner company to a market-oriented enterprise. As director of sales and marketing, Joseph spearheaded the sales drive to attract clients and new business in the United Kingdom, Sweden, Italy, France, Germany, the Netherlands and the USA. Towards the end of his time at Bortex, Joseph was actively engaged in the Group’s branching-out into retail trading and in the marketing of the house brand. On retiring from Bortex in 2013 Joseph joined the public service, first in the Finance Ministry and later in the Ministry for the Family, Children’s Rights and Social Solidarity, where he is still serving as adviser to the ministry’s permanent secretary.

Emanuel Ellul

Independent, non-executive Director

Emanuel Ellul began his career as an apprentice in HM’s Naval Dockyard in 1951, where he was later employed there as a tradesman. In October 1961, after winning a government scholarship, he studied politics and economics at Oxford University in the UK, before proceeding to the Trades Union Congress for a one-year study attachment at the research department. He later returned to Malta and was engaged by the General Workers Union. Emanuel then moved on to the Central Bank of Malta, where he spent 30 years rising through the ranks to Governor. In 2000, he was appointed an advisor to the Minister of Finance, where he held the role of chairman of the Government Privatisation Unit until June 2013. Over the years, Emanuel held various directorships at companies including Middlesea Valletta Life, the Malta Drydocks Corporation and Governor at MCAST. In 2013 he was appointed consultant to Petromal Company Limited and Enemed Co Ltd and, in 2015, was appointed a member of the MFSA’s Resolution Committee.

Mario C Grech

Non-Executive Director

Mr Mario C Grech was formerly the Managing Director of Mediterranean Insurance Brokers Group, and has served on a number of boards as director namely Mediterranean Survey Bureau, Protection & Compensation Fund Board, Malta International Training Centre, Plaza Centre plc, Middlesea Valletta Life Assurance Co Ltd, Premium Reality Ltd, Midi plc and Tigne Mall Ltd.  He was the Group Chief Executive Officer and Executive Chairman of Middlesea Insurance plc, and was Chairman of a number of Boards, including Malta Green Card Bureau, Mediterranean Insurance Training Centre, International Insurance Managements Services Ltd, Euro Globe Holdings Ltd, Church Wharf Properties Ltd, EuroMed Risk Solutions Ltd and Growth Investments Ltd.  Mr Grech was Governor of the Malta International Business Authority, Governor of the Malta Financial Services Centre, Governor of Malta College of Arts, Science and Technology and Governor of Malta Arbitration Centre.  He was President of the Malta Insurance Association and of Progress Assicurazioni SpA, and Life Vice President of the Chartered Insurance Institute UK.

bortex group holdings ltd

The Bortex board is currently chaired by Karen Bugeja. The other members of the board are Peter Borg (managing director), Karen Bugeja, Sam Borg, Christine Demicoli, Sandra Borg and David Debono.

Peter Borg

Executive Director, Rotating Chairman

Peter Borg joined the family business after completing his studies in 1989. He became Managing Director of Germal Company Ltd, Sandpiper Company Ltd, and Valletta Light Clothing, all manufacturing concerns. He took over as Managing Director of Bortex Clothing Industry in 1991 and saw the manufacturing group expand from a solely Malta based private label manufacturer to a mixed portfolio business with manufacturing operations on three continents. The ‘Gagliardi’ brand was developed and is sold via a chain multi brand stores in Malta and a combination of own stores, franchise, web and wholesale channels overseas. He also served as director on the Group’s Hospitality and Property Division since 1989. Peter has sat on various boards as a non executive director including Middle Sea Insurance plc and Plaza centres plc, is currently Deputy Chairman of Malta Enterprise and non executive director at P.Cutajar Ltd.

Karen Bugeja

Executive Director, Rotating Chairman

Karen Bugeja joined the family business in 1990. She read for a Master Degree in Business Administration and specialised in Business Finance. She joined the hospitality side of the business and became Managing Director of the Group’s hotels at the time. The hospitality division is now being repositioned from standard tourist properties to a more up market ‘lean luxury concept’ in Sliema and Valletta. The group also operates luxury tourism property overseas particularly on the French Riviera. As CEO of Hospitality and Property, she also spearheads the property development division which is currently launching a luxury living concept in central Sliema She has also served as director on the manufacturing and retail boards since 1989 and on the board of Airmalta plc for 4 years where she also sat on the audit committee.

Sam Borg

Executive Director

Sam joined the family business in May 2011 after reading Bachelor of Laws at Exeter University. He is currently reading for an MBA at the London School of Economics. Sam started with the firm as Brand Manager for Gagliardi (own brand) and was responsible for overseeing Sales and Marketing, Business Development, Buying and Merchandising and Design. Sam is poised to take on the COO role of Bortex Clothing Industry Ltd and is also involved in the hospitality side of the business. He is also the vision behind the communications strategy and social media marketing of the group. He has served on the group’s board since 2015. He is also a director on P Borg & Son Ltd.

Alexandra Borg

Executive Director

Alexandra Borg joined Bortex in 1989, initially as an Accounts Executive. She obtained her FIA CPA qualifications in 1997 and eventually rose through the ranks to the role she occupies today. Alexandra has played an active part in Bortex’s evolution and has helped it grow from a solely Malta-based private label garment manufacturer to one with manufacturing operations on three continents and its own branded retail operations in over 12 countries, including Malta. Besides the finance department, she also retains day-to-day responsibility for the Group’s manufacturing operations in Tunisia. She was appointed director on the Guarantor’s board in 2015.

Christine Demicoli

Executive Director & Company Secretary

Christine Demicoli is a Certified Public Accountant who graduated with a Bachelor of Accountancy (Honours) from the University of Malta. She joined the Bortex Group in 1995 after two years of work experience with KPMG Malta, where she was involved in a number of auditing assignments for high-profile companies. Christine started working with the Group as the accountant for Sandpiper Limited, Germal Limited and Valletta Light Clothing Limited – all manufacturing concerns – and of Roosendaal Trading Limited, a retail company, formerly known as Technical Services & Supplies Limited. Eventually Christine was asked to assist in the finance department and in the management of the hospitality division, which led the way for her to take on the role of Chief Financial Officer for this sector of the business and of the property development division in 2002. She has served on the Group’s main boards since 2015.

David Debono

Executive Director

David Debono began his management career within an international chain of hotels (Sol Melia Suncrest) in the late 1990s and occupied senior management positions in various departments. He later held the post of group General Manager for Sunsites Limited, a company operating two hotels and a wellness centre in the northern part of Malta. During this time David also obtained Malta’s first ‘Tourism Authority Quality Certification’ for one of the hotels. He joined the Grand Hotel Excelsior in October 2007 as Operations Director and was later appointed Director of Business Development. He joined Baystreet Holdings Limited in April 2011 as Chief Executive Officer, focusing primarily on the company’s business development strategy and corporate development. In 2015, he was made responsible for the setting up of a new subsidiary with interests in the retail industry representing the Spanish brands within the Cortefiel Group. David obtained postgraduate qualifications in operations, strategic management, human resources, finance and marketing from Henley Management College in 2008. In 2011 he received his Master’s degree in Business Administration from Henley Business School (University of Reading), specialising in corporate and business strategy. David is currently conducting further postgraduate research on leadership and competitive strategy.