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Malhotra Group appoints new CFO | Article

Malhotra Group has announced the appointment of David Elliott as its new chief financial officer (CFO).

The hospitality group, which owns hotels, bars and restaurants across Tyneside, is expanding its board as it seeks out commercial interests in the Punjab region of India.

Elliott, who has worked within the accountancy sector for 35 years, is set to leave KPMG’s Newcastle office towards the end of April, where he has served as a senior partner since 2017.

On his appointment, Elliott said: “I am thoroughly looking forward to joining the Board of Malhotra Group PLC following my retirement from KPMG.

“To be able to work for one of the region’s largest and most dynamic family-owned businesses is a fantastic opportunity for me.”

He added: “Meenu and his colleagues have built up a diverse group with extremely high-quality businesses and assets and the opportunity to become part of this successful company is incredibly exciting.”

Meenu Malhotra, the group’s chairman, said: “On behalf of our family and company I am absolutely delighted that David has agreed to join us at boardroom level, especially at a time of great excitement for the Group with expansion happening both in the UK and India.

“His experience and expertise will be invaluable to the company’s affairs and to me personally, as we continue with our strategic growth plans.”

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