Home Tag "don wehby"

GraceKennedy CEO Don Wehby Announces Senior Management Changes

As the Company continues to streamline its structure in alignment with its 100th Anniversary objectives, GraceKennedy Group CEO Don Wehby is announcing changes at the Senior Management level, which will take effect on April 1, 2019. The changes form part of an ongoing transformation process announced by the company in August of last year. GK […]

Corporate Movements February 2019

GraceKennedy Foods USA to Consolidate with Majesty Foods Factory for Joint Venture

Grace Foods (USA), Inc. (Grace Foods), a company owned by GraceKennedy Limited (GKL), a publicly traded Jamaican corporation listed on the Jamaica and Trinidad Stock Exchanges, has announced that it will acquire a 49% equity stake in a new Joint Venture company, Majesty Foods LLC (Majesty Foods). Majesty Foods is a Florida-based manufacturer of patty […]

Corporate Movements February 2019

“GraceKennedy Satisfied With Q3 Financial Results, However Still Have Work To Do To Ensure That We Maximize Shareholder Value.” Wehby

GraceKennedy Limited released its third quarter financial report on November 8, 2018. For the nine-month period ending September 30, the Company achieved revenues of $73.8 billion, up by $4.5 billion over the same period in 2017. The Company achieved net profit of $3.71 billion which, when adjusted for non-recurring gains in 2017, represents a $415 […]

Wisynco Group Reporting 16% Increase Q2 Revenues and 18% In Gross Profits, As It Takes A Loss Of JA$128 Million Due To Revaluation Of USD Deposits

GraceKennedy Associated Company in Barbados, Signia Financial Group Inc. Acquires Globe Finance Inc.

GraceKennedy Limited (GKL) has announced that one of its associated companies in Barbados, Signia Financial Group Inc., has acquired Globe Finance Inc. The transaction is estimated to cost a total of BBD11.8 million and will result in the formation of the amalgamated company, which will be known as SigniaGlobe Financial Group Inc. GKL currently holds […]

Wisynco Group Reporting 16% Increase Q2 Revenues and 18% In Gross Profits, As It Takes A Loss Of JA$128 Million Due To Revaluation Of USD Deposits

Agent Banking We Knew Was Going To Be “Blue Ocean” Territory

When we started the journey in 2017 to deliver Agent Banking, we knew it was going to be “blue ocean” territory, but we knew we had the right people, brand, products and services to credibly deliver this new innovation to communities across Jamaica. FINANCIAL INCLUSION: Agent Banking is another innovation from the GK Group as […]

Corporate Movements February 2019

GraceKennedy Delivers 12% Growth in Net Profit – Revenues Up $2 Billion For First Half Of 2018

In releasing its Interim Stockholders’ Report for the Second Quarter ended June 2018, the Board of GraceKennedy Limited is reporting revenues of J$48.4 billion, an increase of 4.3% or $2 billion over the corresponding period of 2017. This was driven largely by growth in its Food Trading and Insurance segments. Net profit for the period […]

Wisynco Group Reporting 16% Increase Q2 Revenues and 18% In Gross Profits, As It Takes A Loss Of JA$128 Million Due To Revaluation Of USD Deposits

Gracekennedy Heads Into A Multi-Year Transformational Journey

As GraceKennedy Limited heads into its 100th birthday in 2022, it has announced a round of restructuring activities starting July 2018. This restructuring is one of the strategic steps that the business will be taking, as it embarks on a multi-year transformational journey, aimed at optimizing the Group’s structure for improved performance and shareholder value, […]

Corporate Movements February 2019

Gracekennedy Must Be Forward-Looking To Achieve An Agile, Efficient And High-Performing Structure In Order To Remain Innovative And Successful In The Global Market Place – Wehby

At GraceKennedy Ltd.’s Annual General Meeting, held on Wednesday, May 30 at the Company’s Harbour Street, Kingston Headquarters; Don Wehby, Group CEO, signalled to shareholders some of the strategic plans for the Company in the lead up to its 100th year anniversary in 2022. “GraceKennedy maintains that in order to remain innovative and successful in […]

Corporate Movements February 2019

GraceKennedy posts positive Q1 results with net profit up 14.9% – Revenue increased to $24.9B

The GraceKennedy Group has recorded revenues for the first quarter of 2018 of $24.9 billion and net profit of $1.3 billion. The results show positive performance with increases of 5.1% on revenue and 14.9% on net profit over Q1 2018. Don Wehby, Group CEO, expressed satisfaction with the Group’s results, noting that the company has […]

Wisynco Group Reporting 16% Increase Q2 Revenues and 18% In Gross Profits, As It Takes A Loss Of JA$128 Million Due To Revaluation Of USD Deposits

2017 Filled With Challenges And Opportunities As GraceKennedy Group Reaches Milestone Of JA$92 Billion In Revenue

Don Wehby, Group CEO for The GraceKennedy Group has described 2017 as one filled with challenges and opportunities, even as his team was focused and proactive in delivering on new initiatives, establishing new distribution channels, launching new products and executing financial inclusion strategies. Their resilience and diversity allowed them to withstand the pressures, maximise opportunities […]

Wisynco Group Reporting 16% Increase Q2 Revenues and 18% In Gross Profits, As It Takes A Loss Of JA$128 Million Due To Revaluation Of USD Deposits