Michael Farrugia: New CEO at Farsons
In the heart of Malta’s bustling Msida, the headquarters of Farsons Group hummed with a different energy this week. The iconic beer brewery and distribution company was welcoming a new captain at the helm, as Michael Farrugia took over as the new CEO.
From Finance to Fermentation
Farrugia, a seasoned finance professional with over two decades of experience in the corporate world, is no stranger to the local business scene. He has served as the Chief Financial Officer of Farsons for the past five years, but his new role marks a significant shift from crunching numbers to steering the ship.
“It’s an exciting challenge,” Farrugia told Hot Malta in an exclusive interview. “I’ve been part of the Farsons family for some time now, but this is a whole new ball game. I’m looking forward to working with our dedicated team to drive the company forward.”
A New Chapter for Farsons
Farrugia takes over from Norman Aquilina, who has led the company since 2013. Aquilina’s tenure saw Farsons weathering economic storms and navigating a rapidly changing market. Now, it’s Farrugia’s turn to steer the company through the next phase of its 85-year history.
“Norman has left big shoes to fill,” Farrugia admitted. “But I’m confident that, with the support of our team and the trust of our stakeholders, we can continue to build on the solid foundation he’s laid.”
Local Roots, Global Vision
Farsons, with its iconic Cisk beer and other local brands, is deeply rooted in Maltese culture. But Farrugia has a global vision for the company. “We’re proud of our local heritage, but we also want to expand our reach,” he said. “We’re looking at new markets, new products, and new ways of doing business.”
This could mean exciting times ahead for Farsons. The company has already started exploring opportunities in the craft beer scene, and Farrugia hinted at more innovations on the horizon. “We’re always looking to innovate and adapt,” he said. “That’s what’s kept us going for 85 years, and it’s what will keep us going in the next 85.”
As Farrugia settles into his new role, one thing is clear: the future of Farsons is in capable hands. With his financial acumen and deep understanding of the company, Farrugia is set to lead Farsons into a new era of growth and innovation.
