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New head of finance at Malhotra Group plc

Leading North East property, leisure and care company Malhotra Group plc has boosted its board with a new appointment.

The group, which owns some of Tyneside’s most popular hotels, bars and restaurants, along with a large care business trading under its Prestwick Care brand, has recruited Kathryn Nicholson to the position of Head of Finance.

Kathryn who qualified as a chartered accountant with PricewaterhouseCoopers in 1998, has held several senior finance roles in industry in the region over the last 20 years.

Recent appointments have included AIM listed Zytronic PLC, where she was interim Finance Director and, most recently, at the private equity backed CAV Systems Group Limited.

Kathryn is due to take up her position at the beginning of July and will work alongside newly appointed group Chief Financial Officer, David Elliott.

She said: “I am thrilled to be joining such a well-known and respected North East group and looking forward to supporting its growth plans.”

Welcoming her, David Elliott said: “We are absolutely delighted Kathryn has agreed to join us to as our Head of Finance following the departure of Andrew McColl, our Finance Director.

“She has a wealth of experience gained in senior finance positions in industry and this experience will be invaluable in strengthening our finance function as we implement our strategic growth plans.

“This is a time of great excitement for the Group with expansion happening both in the UK and India.”

Malhotra Group plc is currently complementing its UK commercial interests with a major residential and leisure development in the Punjab region.

The £150m scheme at Ludhiana, will create housing, a 550,000 sq ft shopping mall with national and international retail outlets and restaurants, a hotel, sport centre and a multiplex cinema and represents one of the largest investments in the company’s 40-year history.

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