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Corporate Movements February 2019

Corporate Movements February 2019

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Sagicor Group Jamaica Limited (SJ) has announced a number of Senior Management Changes, in what the company is describing as a move in keeping with its strategy to transform its immediate business objectives.
As such SJ will be making changes to its operating structure, which will see two senior officer, Mrs. Simone Walker, Vice President – Group Marketing and Mr. Philip Armstrong Executive Vice President – Strategy and Innovation and Chief Technology Officer, demitting office on February 28, 2019 and May 24,2019, respectively.
Simone Walker according to her LinkedIn profile had joined the Sagicor Group in April of 2018, coming from The Brand House Agency as a Marketing Consultant and Scotiabank Jamaica, where she held the position of Director, Marketing Programmes.
Philip Armstrong had previously held the position of Deputy CEO & Director for Sagicor Bank Jamaica, before taking on the role of Executive Vice President – Strategy and Innovation and Chief Technology Officer
Mrs. Alysia Moulton White will head the Group Marketing Department in the capacity of Assistant Vice President Group Marketing.
It was not clear if this was a promotion for Moulton-White as her LinkedIn profile indicated that she has been Assistant Vice President since Jan 2018.
A new role – Chief Information Officer – has been established to drive the digitization strategy of the Group. The Company is in the process of recruiting a new candidate to fill this position.

Supreme Ventures Limited (SVL) has advised of the appointment of Mr. Nicholas Browne as the Senior Vice President – Group Operations, effective March 4, 2019. Mr. Browne will be responsible for Business Architecture and Process, Group Security & Surveillance, Group Facilities and Maintenance, as well as Technical Field Services.“Prior to joining SVL, Mr. Browne worked with IGT, formerly GTECH, as the Latin America and Caribbean Regional Senior Support Engineer/Manager. He has extensive gaming industry knowledge and experience across all segments of the gaming. He has been an integral part of the rollout of lottery operations in the Caribbean and Latin American regions. He served in several capacities during his tenure at IGT including Corporate Engineer, Operations Manager, Project Manager, Technical Trainer and Technical Services Manager. Mr. Browne holds his degrees in both Mechanical and Electrical Engineering, and also holds certifications in Project Management, Facilities Management, Maintenance and Repairs, Industrial Mechanics and is also GLI certified,” states SVL.

Express Catering Limited (ECL) has advised that Mr. Harriat Maragh was appointed a Director of the Company on February 25, 2019.

SSL Venture Capital Jamaica Limited (SSLVC) has advised of the appointment of Mr. Mark Croskery as CEO SSL Venture Capital Jamaica Limited, effective March 1, 2019. SSLVC further advised that Mr. Croskery is also SSLVC’s Chairman.

tTech Limited (TTECH) has advised of the appointment of Ms. Tracey-Ann Spence as an Independent Non-Executive Director of the Company. TTech further advised that the appointment was made, with immediate effect, at a Board Meeting held on February 19, 2019.
“Ms. Spence is the Vice-President of Investments at NCB Capital Markets Limited, apposition she has held since 2017. She is an accomplished professional with an outstanding record in the financial services industry for over 15 years. “A Wolmerian, Ms. Spence holds degrees from York University and the University of the West Indies, as well as professional certification from the Project Management Institute. She is also a graduate of the Jamaica Stock Exchange/PSOJ professional development programme, A Director’s Guide to Corporate Governance and Leadership, and an adjunct lecturer in financial management at The Mona School of Business & Management Master of Business Administration program,” states TTECH.

Lamar Harris moves on from SSL
After seven years at Stocks & Securities Limited, CEO Lamar Harris, has decided to leave the post to pursue personal initiatives. A lawyer by profession, Harris, made the bold decision after careful consideration and has given the company a month’s notice to find a suitable replacement.She started her SSL journey as their Invest Bank Manager listing Caribbean Cream (Kremi), Consolidated Bakeries (Purity) on the Junior Market of the Jamaica Stock Exchange. From there Harris was promoted to VP sales and then General Manager of the Business. For the last year she has acted in the capacity of CEO where she proudly spearheaded a series of advancements and changes including cost control, compliance and policies and procedures, all with the mandate of creating a company versed in financial technology. The company’s revenue position was also strengthened under her watch. As a growth strategist, Harris was responsible for pulling together a dynamic team passionate about their work. She oversaw Development Strategy, Product Development,Business Development and Monitoring of budgetary expenditure.

Sagicor Group Jamaica Limited (SJ) has advised that the Company has restructured its Enterprise Risk Management & Compliance Department (ERMC) in keeping with its strategy to improve its business. SJ further advised that effective March 22, 2019, Miss Hope Wint, Vice President, Enterprise Risk Management & Compliance will demit office and Mrs. Danielle Davidson will join the Group to head the Unit with effect from March 25, 2019. Mrs. Davidson will operate as Chief Risk Officer and Compliance Officer.“Mrs Davidson who was selected by a special search committee has over ten (10) years experience in management positions in the areas of Compliance and Risk Management,” SJ stated.

138 Student Living Jamaica Limited (138SL) has advised that at its Board Meeting on February 11, 2019, the Board of Directors approved the appointment of the Mr. Ian Parsard as director of the company effective February 11, 2019.

Caribbean Producers Jamaica Limited (CPJ) has advised that Mr. Frank O’Dowd was appointed a Director of the Board in a resolution passed at the Board Meeting held on February 11, 2019.
CPJ further advised that Mr. Robert Hooker, having served as a Director since June 2011, has given the Board of Directors notice of his intention to retire from his role as a Director, effective February 11, 2019.

SSL Ventures Capital Jamaica Limited (SSL VC) has advised of the resignation of Mr. Drew Gray, CEO SSL Venture Capital Jamaica Limited, with effect on February 28, 2019. SSL VC further advised that Mr. Gray is leaving SSL Venture Capital Jamaica Limited to pursue other personal interests and that Mr. Gray will continue to serve on the Board of Directors and the Audit and Remuneration Committees of SSL Venture Capital Jamaica Limited.

Caribbean Producers Jamaica Limited (CPJ) has advised that Mr. Frank O’Dowd was appointed a director of the Board in a resolution passed at the Board Meeting held on February 11, 2019.,

Cable Bahamas Limited (CAB) has advised of the following appointments:
1. Mr. Ross McDonald was appointed as Chairman effective January 25, 2019.
2. Mr. Michael J. Maura Jr. has been appointed a Director effective January 15, 2019.
The full complement of CAB’s Board is as follows:
Ross McDonald, Chairman/Director
Franklyn Butler II, Executive Vice President
Gary Kain, Director
Michele Merrell, Director
Rev. Ranford Patterson, Director
Elma Campbell, Director
Michael J. Maura Jr., Director

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