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Businessuite Magazine Top 10 Junior Stock Exchange CEO's for 2012

#1 Mark Hart founded Caribbean Producers Jamaica Limited in 1994. Mr. Hart serves as the Chief Executive Officer of the Hart Group of Companies including Caribbean Producers of Jamaica Limited. He has considerable experience in management. He serves as the Chairman of Montego Bay Ice Company Limited, a JSE Main Market listed company. Mr. Hart serves as the Chairman of the Airports Authority of Jamaica. He served as a Member of the Board of Directors of Dehring Bunting and Golding Limited (now Scotia DBG Investments Limited) and Scotia DBG Investments Limited (Formerly, Dehring Bunting & Golding Ltd.) since 1992. He served as Director of Scotia Investments Jamaica Limited. Mr. Hart is a graduate of the University of Miami.

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Similar to our annual listing of Jamaica’s Top 10 CEOs, the Top 10 CEOs of companies listed on the Junior Stock Exchange, are based on after tax profits for 2011 compared to 2010. Also captured below is the percentage change between the two years and the numeral value of the increase in profitability between the two years.

Ranking

Company

2011 after tax profits*

2010 after tax profits*

Percentage change

$ change*

1

Cargo Handlers Ltd.

51,919

1,326

3815.46

50,593

2

General Accident Insurance Co. Ltd.

1,217,926

122,055

897.85

1,095,871

3

Lasco Manufacturing

401,201

109,823

265.32

291,378

4

Lasco Distributors Ltd.

306,398

97,721

213.54

208,677

5

Dolphin Cove Ltd.

204,477

69,170

195.62

135,307

6

Lasco Financial Services Ltd.

29,775

10,363

187.32

19,412

7

Blue Power Group Ltd.

54,607

29,199

87.02

25,408

8

Honey Bun (1982) Ltd.

27,630

17,190

60.73

10,440

9

Jamaican Teas Ltd.

82,563

58,035

42.26

24,528

10

AMG Packaging & Paper Co.

31,265

22,606

38.30

8,659

*’000

#1 – Mark Hart, CEO, Cargo Handlers Limited

Mark Hart founded Caribbean Producers Jamaica Limited in 1994. Mr. Hart serves as the Chief Executive Officer of the Hart Group of Companies including Caribbean Producers of Jamaica Limited. He has considerable experience in management. He serves as the Chairman of Montego Bay Ice Company Limited, a JSE Main Market listed company. Mr. Hart serves as the Chairman of the Airports Authority of Jamaica. He served as a Member of the Board of Directors of Dehring Bunting and Golding Limited (now Scotia DBG Investments Limited) and Scotia DBG Investments Limited (Formerly, Dehring Bunting & Golding Ltd.) since 1992. He served as Director of Scotia Investments Jamaica Limited. Mr. Hart is a graduate of the University of Miami.

 

#2 – Sharon Donaldson Managing Director of the General Accident.

Ms. Donaldson has been with the General Accident for over 20 years, first joining as the Financial Controller in 1989 before becoming Managing Director in 2001.  In addition to her responsibilities at the Company, Mrs. Donaldson is a Director of Musson (Jamaica) Limited. She also represents the local general insurance industry in discussions with the FSC and chairs the Finance and Accounting Committee of the Jamaica Association of General Insurance Companies (JAGIC), the local industry association.  Ms. Donaldson holds an LLB from the University of London, England, an MBA from University of Wales. She is a Chartered Accountant, a fellow member of the Institute of Chartered Accounts of Jamaica and an attorney at law.

#3 – Eileen A. Chin, Managing Director of LASCO Manufacturing Limited

Dr. Eileen A. Chin, MD, MBA serves as Managing Director at LASCO Manufacturing Limited and served as its Chief Executive Officer. Dr. Chin also serves as a Non-Executive Director of Lasco Financial Services Limited and LASCO Manufacturing Limited. She serves as a Non-Executive Director of Lasco Distributors Limited. Prior to this, she taught medical students from 1993 to 1998 in Giron School of Medicine, Havana. She specialized in histology. She has furthered her knowledge … and skills development with Lean Six compliance training and advanced negotiation skills training. Dr. Chin holds a Medical Degree from Havana University’s School of Medicine and an MBA in Global Management.

 

#4 – Peter Chin, Managing Director Lasco Distributors Limited

Peter Chin (right), managing director of Lasco Distributors, with Lester Spaulding (left), chairman of the RJR Group.

 

#5 – Stafford Burrowes, CEO – Dolphin Cove Limited

Stafford Burrowes CEO of Dolphin Cove started the company from a mere idea in 1991. “We started by just fantasizing about it, then we decided to make things happen. In 1999, we opened our doors with just 4 dolphins and 22 employees, and Dolphin Cove was an instant success.” The company grew ten-fold within a few years, and today, Dolphin Cove is a hit! Dolphin Cove hosts approximately 250 staff members in various departments, including front office staff, trainers and tour guides, all trained and experienced in their field. But the key component to Dolphin Cove’s success is their excellence in the hospitality industry and their passion for dolphins. This, added to their sense of professionalism and their dedication, puts them on top of list for swimmers and dolphin.

 

#6 – Jacinth Hall-Tracey, CEO and Managing Director of LASCO Financial Services Limited

Ms. Hall-Tracey also serves as the Compliance Officer at LASCO Financial Services Limited and Vice-President of the Jamaica Money Remitters Association. Prior to this, Ms. Hall-Tracey was the President of the Cambio Association of Jamaica. She serves as a Director of LASCO Financial Services Limited. She is also a member of the Miss Jamaica Festival … Queen Committee where she assists in programmes to develop young Jamaican women and the Grace Morrison Foundation for Early Childhood Development (Grantspen and Shortwood Communities). Ms. Hall-Tracey holds a B.A (Hons) in French and Economics from the University of the West Indies, and is certified in corporate treasury and cash management, having attained the status of Certified Treasury Professional (CTP).

#7 – Major Noel Dawes, Managing Director of Blue Power Group Limited

Major Dawes has been the Managing Director Blue Power Group Limited since March 6, 2012. Dawes served as General Manager of Blue Power Group until March 6, 2012. He was instrumental in the construction and start up of the Lumber Division at Papine in 1999. He has over twelve years military experience with The Jamaica Defence Force (JDF) and has served in several Units throughout the organization. He received military training in Canada, the United Kingdom and … the United States. He has held senior management positions in other business organizations including: General Manager of Securicor Jamaica Limited, and Operations Officer for Gand International (Norway). He has been a Director of Blue Power Group Limited since 1998. Maj. Dawes holds a Diploma in Management Studies from the Jamaica Institute of Management.

 

#8 – Michelle Chong, CEO of Honey Bun Jamaica

Mrs. Michelle Chong was recently dubbed “Endless Giver, Restless Enthuiast” in Stocks and Securities recent campaign highlighting successful Jamaican entrepeneurs. Educated at York Univeristy in Toronto, Ontario, Michelle has been the absolute driving force behind the company’s success. A self proclaimed workaholic, Michelle is a shining example that hard, honest work pays off. A serious business woman with a kind heart, Michelle has spent endless hours developing and advancing staff and has ensured that a Christian spirit is maintained within the organization and that positive family values are always promoted through the company’s marketing activities. A true leader, who is both loved and respected, commands performance through example and motivation.

 

#9 – John Mahfood, CEO of Jamaican Teas Limited

John P. Mahfood has been the Chief Executive Officer of Jamaican Teas Limited since January 2007. Mr. Mahfood served as Chief Operating Officer (COO) for the Retail and Trading Division of Grace Kennedy Ltd. until July 2006. During his tenure at Grace Kennedy he headed its international division, and led the merger of Rapid Sheffield and Hardware & Co. Ltd to form the largest hardware group in the Caribbean. Mr. Mahfood also led the successful expansion and turnaround … of the Hi Lo Supermarket chain. He is a Certified Public Accountant and is a fellow of the Institute of Chartered Accountants

 

#10 – George Hugh, CEO of AMG Packaging and Paper Company Limited

In 2005, George spearheaded the formation of the Company, based on his research and survey of the local market. He saw the potential for a packaging company offering services to commercial customers. A founding shareholder in 2005, he joined the Board a year later in 2006 and became the Chief Executive Officer of the Company in 2009. As Managing Director of the Company, George is responsible for overseeing its day to day operations with support from the senior management team, and for its strategic direction. He is committed to the expansion of the product range and production capacity of the Company. BM

 

 

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