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2008 Corporate Movements Part 2

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January
• GlaxoSmithKline Pharmaceuticals announces the appointment of Mr. Duke Holness to the position of Vice President & General Manager, Central America, the Caribbean, Ecuador & Peru effective January 1, 2008.
February
• Mrs. Ruth Cummings appointed to VP, Channel Management effective February 11, 2008 at Advantage General Insurance Company Limited.
• Misha Lobban appointed Chief Executive Officer of the Institute of Chartered Accountants of the Caribbean effective February 1, 2008.
March
• General Accident Insurance Company Ltd announces the appointment of Mrs. Sharon Donaldson-Levine to the position of Managing Director and Ms. Maureen A. Hall to the position of General Manager.
April
• Pepsi Cola Jamaica announces that Denise Dixon has been appointed to lead the local Marketing team.
July
• Mr. Wayne Wray, President of First Global Bank Limited announces the appointment of Mr. Lloyd Black to Assistant Vice President – Retail Banking -Central Jamaica and Mrs Kerry-Ann Stimpson to Assistant Vice President – Marketing and Public Relations.
• Lasco Group of Companies announces the appointment of Lisa Chin as Marketing & Business Development Manager effective July 1, 2008.
• Lasco Group of Companies announces the appointment of Anthony Chang as Managing Director effective July 1, 2008.
• Cari-Med Limited and Kirk Distributors Limited announces the appointment of Mr. Harry A. J. Smith to the Board of Directors. The Chairman and CEO of Kirk Distributors Limited is pleased to announce the appointment of Mr. Vivion Scully to the Board of Directors.
August
• Courtney Campbell, recently recruited from National Commercial Bank, has joined the most senior company officials in Grace-Kennedy Limited as a member of the GK Executive Committee. Campbell, the new Chief Executive Officer of GK Holdings Limited, established by Grace-Kennedy to hold its assets in First Global, was appointed to the committee by group CEO and Chairman Douglas Orane.
• Michelle Wilson-Reynolds returns to Capital and Credit Financial Group in a ‘senior’ role, reconnecting with the company that, while she was gone, underwent a reconstruction and shifted from private ownership to a publicly listed company. Two years ago, when Wilson-Reynolds left CCFG to work with Victoria Mutual Building Society, she was the company’s Vice-President for Marketing and Corporate Affairs of the merchant banking arm. She returns as Senior Vice-President for Marketing and Corporate Affairs.
• Flow Jamaica announces the appointment of Michelle English to the position of President and Chief Operating Officer.
September
• NCB Capital Markets Limited lost its Vice-President for Investment, Karlene Bailey, who officially departed the company in October. Research Manager Joshua Rowe will act in the post until a permanent replacement is identified. Her resignation has added to the number of senior executives who have left the Chris Williams-led brokerage over the last two years
• Philip Armstrong steps up in the ranks at Pan Caribbean Financial Services (PCFS); his new position is Deputy Chief Executive Officer (CEO). His appointment cements him as the number-two man at the New Kingston-based brokerage, and chief lieutenant to CEO Donovan Perkins.
• Director of Marketing at Flow, Jean McPherson is leaving the organization next month. Her departure is almost on the heels of the resignation of another key person, Rick Pardy, the former Chief Executive Officer who left in July.
• Mark Linehan appointed as Digicel’s (Jamaica) fifth CEO,
• Wayne Miller appointed Head of Marketing, Digicel Jamaica. In this capacity, Wayne will have the key responsibility of delivering on the Marketing goals of the Jamaican operations through having executive ownership of the Digicel brand in Jamaica as well as the effective execution of all marketing related functions – Public Relations, Sponsorships, MarComms and Promotions. He will report to Mark Linehan, CEO, Digicel Jamaica.
• Hon. Edmund Bartlett announces the appointment of Mrs. Jacqueline Knight-Campbell as Group Director, Corporate Communication of Ministry of Tourism.
October
• Robert Drummond, who has operated as a project trouble shooter since joining GraceKennedy Limited three and half years ago, was named to head the group’s equities and assessment management arm, First Global Financial Services (FGFS).
• Drummond’s appointment replaces Sandra Shirley who was said to be leaving to pursue new business interests, but it appears to be the first of likely casualties resulting from the creation of a new holding company – First Global Holdings – for the First Global financial entities, and the appointment in July of Courtney Campbell, formerly Head of Retail Banking at National Commercial Bank (NCB), as its CEO.
• Shelly-Ann Curran appointed Senior Sponsorship Manager at Digicel Jamaica reporting to Wayne Miller
• The Gleaner Company Ltd announces the appointment of Mr. Burchell Gibson to the post of Circulation Manager effective October 1, 2008.
November
• The RJR Communications Group announces that it has consolidated its newly formed cable services into a cable division to be headed by its former director of marketing, Ms. Yvonne Wilks, who rejoins the group as General Manager – Cable Services.
• John Lynch, the Executive Vice- President for worldwide sales in Unique Vacations, leaves the company after 16 years with the Sandals Group. He is subsequently appointed Chairman and Director of Tourism for the Jamaica Tourist Board.
• Announcement: Raby Danvers ‘Danny’ Williams is expected to give up his chairmanship of the Jamaica Broilers Group early next year, but the five-decade-old poultry company is making plans to link his name to the business through a lifelong directorship. A date for the departure of President Robert Levy, 68, whose family has majority shares in the company, has been set for next February.
December
• Robert Levy set to take over Chairmanship of Jamaica Broilers Group in 2009. Christopher Levy, a Senior Vice-President in the poultry company, will replace him as President and CEO.
• Phil Green resigned as Cable & Wireless Jamaica (C&WJ) President making him the fourth President, in as many years, to leave the struggling telecom. Come January 1, Geoff Houston will head the local operations as Country Manager, whilst Green will remain in the group. Green remains Chairman of LIME Caribbean and Chairman of Cable & Wireless’ Macau business.

• Jamaica’s Wayne Wray, the president of First Global Bank, has been elected chairman of the Caribbean Association of Indigenous Banks Inc (CAIB) for a two-year term.
His executive comprises Vice-chairman Robert Le Hunte of the Barbados National Bank Inc; immediate past chairman Edwin Gooding, of the Republic Bank in Guyana and six directors.
The six are Joanna Charles, Bank of Saint Lucia; Michel Williams, National Bank of Dominica; Brian Stuart-Young, Global Bank of Commerce; Ormond Williams, Cayman National Bank; Anne McMorris, National Commercial Bank Jamaica; Carole Marie, CMMB Limited; and Dirk Smith, First Citizens Bank.

• Errol Miller and Camille Facey appointed regional vice-presidents at telecommunications giant Lime (formerly Cable & Wireless Jamaica). Miller will be responsible for corporate communications and will now head up that function across the 13 Caribbean countries in which the company currently operates, while Facey will be responsible for legal, regulatory and corporate affairs for LIME in Jamaica and the Offshore Financial Centres comprised of Cayman, the British Virgin Islands and Turks and Caicos. She previously had responsibility for Legal, Regulatory & Public Policy for LIME in Jamaica.

• FirstCaribbean International Bank (Jamaica) Ltd (FCIBJ) appoints Mr. Clovis Metcalfe as Managing Director, FirstCaribbean International Bank (Jamaica) Ltd Group as at January 1, 2009. Mr. Metcalfe’s appointment comes in the wake of Mr. Milton Brady’s appointment to the role of Managing Director, Corporate Investment Banking. Mr. Metcalfe previously held the position of Head, Corporate Banking.

• Cable & Wireless Jamaica Ltd (CWJA) advises that Eduardo Ryan will demit office as Chief Financial Officer and director of CWJA with effect from January 1, 2009.

• Jeffrey Mack appointed to the position of Group CEO for Guardian Holdings Ltd effective January 1, 2009.

• Capital & Credit Financial Group Ltd advises that the following persons are no longer employed to the Company effective December 31, 2008 due to a redundancy exercise:
– Ann Hutchinson (Vice President, Operations & Principal Operating Officer)
– Ingrid MacKay (Assistant Vice President, Treasury & Investment)
– Dave Lawkins (Foreign Exchange Trader)
– Inshan Singh (Investment/ Portfolio Management Officer)

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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