Oldfields Holdings Limited advised that Mr. Tony Grima has resigned his position as CEO effective from December 12, 2016. After an extensive executive search, Richard Abela has been appointed and will commence as Managing Director on that day. Richard comes to the company from market leaders such as Hettich International, Pacific Brands (King Gee, Bonds) Boral Limited and Brambles/Cleanaway.

His last role was with Hettich International, as Managing Director between 2007 and 2014. The company also advised that as of December 6, 2016, Mr. Greg Park will join the board in the executive position of Finance Director. Greg joined the business in April 2014 as CFO and together with Tony Grima has played a major part in the improvement of the financial results and the debt reduction program.

Greg will remain as Company Secretary for the company.