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Corporate Movements – July 2019

Corporate Movements – July 2019

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Supreme Ventures Limited (SVL)has advised that Ms. Cheryl Hylton, Chief Information Officer, has resigned effective July 31,2019. In the interim, Senior Vice President for Operations, Nicholas Browne will assume responsibilities for the information technology portfolio.

Gwest Corporation Limited (GWEST) has advised that Ms. Marce HayLes resigned from her position of GWEST’s Chief Executive Officer, effective July 5, 2019. GWEST further advised that Ms. HayLes resignation is in keeping with staff rationalization strategy being undertaken by the Company.

Lasco Financial Services Limited (LASF) has advised that Mr. Kenneth Sylvester was appointed to LASF’s Board of Directors on July 5, 2019.

Sagicor Group Jamaica Limited (SJ) has advised that at a special meeting of the Board of Directors of their subsidiary company, Sagicor Bank Jamaica Limited, Mr. Bruce James was appointed the Chairman of the Board with effect from July 8, 2019. SJ further advised that Mr. James, a Director since 2011, succeeds Mr. Richard Byles who resigned as Director and Chairman of SJ’s Board on June 30, 2019.

Sagicor Group Jamaica Limited (SJ) has advised that at a special meeting of the Board of Directors of their subsidiary company, Sagicor Investments Jamaica Limited, Mr. Christopher Zacca was appointed the Chairman of the Board with effect from July 8, 2019.
SJ further advised that Mr. Zacca succeeds Mr. Peter Melhado who resigned from the Board of Sagicor Investments Jamaica Limited, consequent upon his appointment as SJ’s Chairman.

iCreate Limited (ICREATE) has advised that Mrs. Sandra Glasgow tendered her resignation as Chairman and Board Member from the Board of iCreate Limited, effective July 5, 2019.

“Under her leadership and stewardship, Mrs. Glasgow successfully navigated the Company’s listing on the Junior Market of the Jamaica Stock Exchange. The Board wishes to express its sincere gratitude for her service to iCreate Limited,” states ICREATE.

ICREATE also advised that at a Board Meeting on July 4, 2019, the Board appointed Mr. Lissant Mitchell as Director and Chairman of the Board effective July 5, 2019. Mr. Mitchell was also appointed as Mentor to the Company.

“Mr. Mitchell is an experienced and driven executive with a successful career spanning twenty-five years in the Financial Industry, twenty of which have been at the management, senior management and executive levels, with tenures at local institutions as well as affiliates/subsidiaries of regional and international financial groups. He has a proven track record in designing and executing long term sustainable strategic priorities and change management initiatives. Mr. Mitchell has also served on a number of boards including that of the Jamaica Stock Exchange Limited, and Scotia Investments Jamaica Limited where he also served as its CEO.

“The Board and Management of iCreate look forward to the continued growth of the Company under the leadership of Mr. Mitchell,” ICREATE states.

Victoria Mutual Investments Limited (VMIL) has advised that Mrs. Karlene Mullings, Head of Sales and Client Services of Victoria Mutual Wealth Management Limited; a subsidiary of VMIL, is no longer with the organization, effective June 30, 2019.

Barita Investments Limited (BIL) has advised that Ms. Jacqueline Peart has resigned her post as Financial Controller of BIL, effective July 31, 2019.

Dolphin Cove Limited (DCOVE) has advised that Director, Mr. Travis Burke has resigned from the board with effect June 1, 2019.

138 Student Living Jamaica Limited (138SL) has advised that Mr. Richard Byles has resigned from his position as Chairman of the Board and its subsidiary effective June 30, 2019. 138SL has also advised that at a Board meeting held on July 3, 2019, the Board approved the appointment of Director, Ian Parsard, to the position of Chairman.

Sagicor Group Jamaica Limited (SJ) SJ has advised that consequent upon the announced appointment of Mr. Richard Byles to the post of Governor of the Bank of Jamaica, Mr. Byles has resigned as Chairman and/or Director of SJ, its subsidiaries and all Board Committees as at June 30, 2019.
SJ further advised that as an interim measure, Dr. the Hon. R.D Williams was appointed as Chairman to preside over the Company’s Annual General Meeting held on July 1, 2019 at 3:00 p.m. At a special Meeting of Directors held on July 1, 2019, Peter Melhado was appointed the Chairman of SJ effective July 2, 2019.
Mr. Melhado was also appointed Director and Chairman of the following subsidiaries:
Sagicor Life Jamaica;
• Sagicor Life of the Cayman Islands Ltd
;
He will continue as a Director of Sagicor Bank Jamaica Limited but will demit office from the Board of Sagicor Investments Jamaica Limited.

Medical Disposables and Supplies Limited (MDS) has advised of the appointment of the following managers:
Mr. Sheldon Rose, Operations Manager, effective May 6, 2019
Mr. Louis Manning, Sales & Marketing Manager (Consumer Division) effective June 17, 2019
Mrs. Antoinette McDonald, Divisional Sales Manager (Dr. Reddy’s Laboratories and Medical), effective April 1, 2018.

Scotia Group Jamaica Limited (SGJ) has advised of the appointment of Mrs. Debra Lopez Spence as Vice President, Sales and Service Insurance & Wealth effective July 1, 2019.

138 Student Living Jamaica Limited (138SL) has advised of the appointment of Mr. Cranston Ewan as Chief Executive Officer (CEO) of the Company and its subsidiary as of June 24, 2019.
138SL has also advised that Ms. Rose Hamilton, the present CEO, will go into retirement effective July 18, 2019.
138SL further advised that Director, Mr. Ian Parsard, has been appointed to the Audit Committee of the Board effective July 1, 2019.

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