Bank of Valletta p.l.c. announced that the Board of Directors has resolved to appoint Rick David Hunkin as BOVs Chief Executive Officer with effect from 1 January 2020. In his capacity as CEO, Mr. Hunkin will also sit on the Banks Board of Directors as an Executive Director. His appointment is subject to regulatory approval. Hunkin, the first BOV CEO to be appointed from outside the Banks ranks, will succeed Mario Mallia following his retirement from the Bank on the 31 December 2019. Mallia had earlier this year informed the Banks Board of Directors that he will not be seeking renewal for a further term. Prior to joining the Bank, Hunkin was the Chief Risk Officer of Chetwood Financial.