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Corporate Movements

Corporate Movements -April 2023

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The Board of Directors of Carreras Limited (CAR) is pleased to inform of the appointment of Mr. Andres Lorenzo as a Director of the Board, with effect from April 24, 2023. Mr. Lorenzo is a seasoned finance professional with over 15 years’ experience working with the British American Tobacco Group where he progressed through various and varied finance roles in multiple markets. He is currently the Finance Director for the LATAM North & Caribbean Area and has held prior roles in the US, UK, Chile and Argentinian markets.

iCreate Limited (“iCreate”) is pleased to announce the appointment of Mrs. Toni Cooke to the posts of Deputy Chief Executive Officer and Chief Operating Officer effective February 9, 2023. Mrs. Cooke began her career at Goldman, Sachs & Co. in New York, United States of America and rose to the rank of Vice President. In her previous role as Manager of Business Development at Mastercard, she played a key role in building relationships and business opportunities for FinTechs and other non-traditional financial players. Prior to her sojourn at Mastercard, she spent extensive time leading the Corporate Strategy and Planning units across the GraceKennedy Group. Mrs. Cooke holds a Master in Business Administration in Finance with Distinction from the Mona School of Business and Management and joins iCreate at a critical time as the Company evolves into a digital and creative group of companies, having embarked on several acquisitions in the last year.

Kingston Wharves Limited is pleased to announce key management appointments. Rodrigo Olea has been appointed Chief Operations Officer, Terminal Division and Valrie Campbell has been appointed General Manager for Group Operations. The latest assignments are geared at positioning the company for its next phase of growth, CEO Mark Williams said.

JMMB Group Limited advises that Mr. Peter Thompson has been promoted to the role Group Chief Client Investment Officer effective April 1, 2023. In this role, Mr Thompson will lead the design and oversee the implementation of the Group Client Managed Portfolio framework, to facilitate the consistent optimization of returns on the portfolios for all off-balance sheet portfolios, across the JMMB Group of companies.

Founder and Chairman of the Board of Directors of Manpower & Maintenance Services Limited Group (MMS) M. Audrey Stewart-Hinchcliffe, has
announced the appointment of Mr. Don A. Gittens as of Monday, March 27, 2023, as the new Chief Executive Officer (CEO) of the Group. Mr. Gittens, “a seasoned management professional,” who comes to the post from JAMPRO where he served for over six years as Manager, Logistics, Energy, Infrastructure and Emerging Sectors, succeeds Mrs. Stewart-Hinchcliffe who has retired from the CEO’s position that she occupied for close to 33 years. A trained project manager and mediator, Mr. Gittens holds a Bachelor of Science degree in Hotel Management from the University of the West Indies and a Masters in Telecommunications from the State University of New York: Institute of Technology. He is also certified in Strategic Investment Promotion, Public Speaking and Sales Techniques. Mr. Gittens brings to MMS over 20 years’ experience in the areas of business development, strategic planning, international investment and trade negotiations, policy development, strategic marketing, client relationship management, consultative and technology sales, as well as financial analysis. He has represented Jamaica at the highest level, including as a team member for the United Nation’s project on the Development of Financial Investment for Sustainable Infrastructure Projects towards the Sustainable Development Goals. A past president of the Kiwanis Club of Downtown Kingston he was also a distinguished Lieutenant Governor in the Kiwanis International movement.

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Corporate Movements

Corporate Movements – April 2024

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Consequent upon the reorganization of the Mayberry Group of Companies, this letter serves to advise of the Directors and Company Secretary of Mayberry Group Ltd. Note that Mayberry Group Ltd, a company incorporated under the laws of Saint Lucia, was listed on the Jamaica Stock Exchange on December 13, 2023.

The current Listing of Directors, appointed on September 6, 2023, are as follows:

1. Christopher Berry

2. Konrad Berry

3. Gary Peart

4. Richard Surage

5. Gladstone Lewars

6. Alok Jain

7. Erwin Angus

8. Walter Scott

The Corporate Secretary of Mayberry Group Ltd is FinSec Limited, appointed on November 15, 2022.

Justin Nam has resigned as Eppley’s General Manager to pursue other interests after nearly a decade at the company. His resignation is effective May 31, 2024, and he will coordinate with Raymond and Jeffrey to facilitate a smooth transition.

Raymond Donaldson to join Eppley as CEO

Raymond Donaldson will serve as the Chief Executive Officer of Eppley Limited (Eppley) effective May 3, 2024.

“Raymond has extensive leadership experience in financial markets across the Caribbean and a track record of scaling regional businesses. He has consistently demonstrated the ability to lead high performing teams and deliver results. We are delighted that Raymond will be joining Eppley.” said P.B. Scott, Chairman of Eppley.

Jeffrey Brown will also join Eppley on May 3, 2024, as Chief Investment Officer and will work closely with Denise Gallimore, VP of Real Estate and Samantha Summerbell, AVP Credit to grow and expand Eppley’s investment efforts.

Justin Nam has resigned as Eppley’s General Manager to pursue other interests after nearly a decade at the company. His resignation is effective May 31, 2024, and he will coordinate with Raymond and Jeffrey to facilitate a smooth transition.

“Justin has been an integral part of developing Eppley into the leading regional investment firm it is today contributing to the growth of our credit, mezzanine, infrastructure and real estate portfolios across the Caribbean. As an Eppley alumnus, we wish him well in his future endeavours.” said Nicholas Scott, Vice Chairman of Eppley. “I’ve worked closely for many years with both Raymond and Jeffrey. I know they share Eppley’s investment philosophy and I’m confident that they will continue our proud track record and build our business.”

“Eppley is a pioneer in private market investing in the Caribbean and one of the most respected investment firms in our region known for the caliber of its team, its financial performance and its integrity. I plan to lead Eppley guided by its founding principles for benefit of our team, our clients and our shareholders.” said Raymond Donaldson, Eppley’s incoming Chief Executive Officer.

Raymond Donaldson has a 20-year career in banking and finance in Jamaica, the Bahamas and the wider Caribbean. Most recently, Mr. Donaldson was Vice President Corporate and Commercial Banking at National Commercial Bank. Prior to that Mr. Donaldson served as Director of Corporate and Investment Banking in the Bahamas and Turks and Caicos at CIBC FirstCaribbean.

Jeffrey Brown has held executive roles in banking in Jamaica and Barbados, mostly recently as Head of Loan Structuring and Syndications at National Commercial Bank and previously at CIBC FirstCaribbean, Scotiabank and PricewaterhouseCoopers.

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Corporate Movements

Corporate Movements – March 2024

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The Jamaica Stock Exchange (JSE) has advised that the Board of the Jamaica Stock Exchange, at its Board Meeting held on March 27, 2024 appointed Mr. Steven Gooden as an Independent Director effective March 27, 2024.

Sagicor Real Estate X Fund Limited (SREF) has advised that Mr. Howard Mitchell has been appointed as Chairman of the Board of Directors of SREF effective March 1, 2024.

NCB Financial Group Limited is pleased to announce the appointment of Howard L. Shearer to the Board of Directors effective March 13, 2024. Mr. Shearer currently serves as the Chief Executive of Hitachi Canada and brings to the Board expertise in strategy, corporate governance, regulatory compliance, emerging technologies and enterprise risk management across multiple business domains. Mr. Shearer holds a Bachelor of Engineering (BEng) degree, a Global Professional Master of Laws (GPLLM) degree and is a distinguished Fellow of the Canadian Academy of Engineering (FCAE).

Productive Business Solutions Limited wish to inform you that at a meeting of the Board of Directors held on February 28, 2024, Mr. Brian Wynter was appointed as Chairman of the Audit Committee.

Wigton Windfarm Limited (WIG) has advised that Mr. Earlington Barrett, Managing Director of WIG, will be demitting office effective March 31, 2024. The Board of Directors of WIG thanks Mr. Barrett for his stewardship of the Company and his contribution to its successful operations over the years.

The process of recruiting a new Managing Director is underway. Interim measures for the continued leadership and operational oversight of the business have been implemented and Miss Michelle Chin Lenn, the current Head of Energy of WIG, will serve as Acting Managing Director until the aforementioned recruitment process is completed.

The Board of One on One Educational Services Limited wishes to advise that at a Board of Directors meeting held on February 29, 2024 Miss Atasha Bernard was appointed as a Director of the Board. Miss Bernard was also appointed to the Audit Committee of the Board and will be the Chairperson for that committee.

The Board of One on One Educational Services Limited wishes to advise that Dr. Carol Grantson-Corcho resigned as Audit Chairperson from the Audit Committee and will continue to serve as a board member of the Committee.

The Board of Productive Business Solutions Limited wishes to advise that at a Board of Directors meeting held on March 7, 2024 Mr. Nicholas Scott was appointed as a Director of the Board.

Caribbean Assurance Brokers Limited wishes to advise that Mr. Damion White has joined us in the position of Senior Manager, General Insurance effective March 1, 2024. Caribbean Assurance Brokers Limited would like to take this opportunity to wish Mr. White all the best in his capacity within our organization.

JMMB GL wishes to advise that Mrs. Nerisha Farquharson will be appointed to the board of directors of JMMB Group Limited, effective April 2, 2024. Mrs. Farquharson is a Chartered Financial Analyst (CFA) with extensive experience and knowledge in private markets, financial risk, trading, portfolio and treasury management, investment and corporate strategy formulation and value chain optimization.

Guardian Holdings Limited (“GHL”) wishes to advise that Ms. Keesha Sahadeo accepted the appointment as Group Chief Financial Officer (“CFO”) of GHL on 25th February, 2024, which shall become effective on 1st May, 2024. The incumbent Group CFO, Ms. Samanta Saugh, will transition to the role of President of Guardian Life of The Caribbean Limited effective 1st June, 2024. We are pleased to welcome Ms. Sahadeo to Guardian Holdings Limited.

 

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Corporate Movements

Corporate Movements – February 2024

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The Board of Directors of Fontana Limited is pleased to announce the appointment of Independent Director, Larren Peart, to the Audit & Compensation Committees effective Friday, February 9, 2024.

Tropical Battery Company Limited is pleased to announce the appointment of Mr. Itamar Frankenthal and Mr. Andrew Cramer as new directors to the Board of Tropical Battery Company Limited, effective February 12, 2024.

Mr. Itamar Frankenthal is a distinguished professional with a multifaceted career spanning engineering, entrepreneurship, and academia. He holds a B.S. in Electrical Engineering from the City University of New York where he led his team to win the capstone robotics competition and graduated summa cum laude. He also holds an M.B.A. from Harvard Business School where he graduated with EC Honors.

Mr. Andrew Cramer is a co-founder and COO of KAYA and oversees project development and implementation processes. He is a frequent speaker at regional energy and technology conferences – including the MIT Technology Review’s EmTech and the Caribbean Renewable Energy Forum – on topics including the role disruptive technologies like machine learning will play in the renewable energy industry.

NCB Financial Group Limited (NCBFG) announces the following board and executive leadership developments:

Management Team: Mr Robert Almeida, previously announced as Interim Group Chief Executive Officer of NCBFG, has been formally appointed Group Chief Executive Officer effective February 9, 2024.

Board of Directors: (1) Messrs Bruce Bowen and Gary Brown were elected to NCBFG’s Board of Directors at the Annual General Meeting (AGM) held on February 9, 2024.

(2) Professor the Hon. Alvin Wint, OJ, CD, retired from the Board of Directors at the AGM as he did not offer himself for re-election.

Professor Wint’s retirement does not relate to any disagreement regarding financial statement disclosures, accounting principles or practices, or any matter impacting the Audit Committee, which he had chaired, or his ability to execute his functions delegated by the Board. The Board of Directors, management and staff of the NCB Financial Group are grateful to Professor Wint for his stewardship and commitment to excellence over the years and wish him every success in his future endeavours.

MASSY HOLDINGS LTD. Board wishes to advise that Mr. E. Gervase Warner, President and Group Chief Executive Officer, has undertaken to proceed on early retirement from the Company and retire from its Board of Directors effective April 06, 2024. The Board is also pleased to advise that Mr. David Alfonso, Executive Vice President and Executive Chairman Integrated Retail Portfolio, will replace Mr. Warner as President and Group Chief Executive Officer effective April 06, 2024, while continuing in his current role. The Chairman and the Board of Directors would like to thank Mr. Warner for his many years of dedicated service to the Group.

GraceKennedy Limited has advised that Mr Jason Bailey has been appointed to the position of Head of Risk, effective February 1 , 2024.
Prior to joining GraceKennedy, Mr. Bailey served as Manager, Risk & Compliance at VM Wealth Management Limited; and Manager, Enterprise Risk Management, Strategic & Operational Risks at Sagicor Group Jamaica Limited. Mr Bailey holds an MSc in Enterprise Risk Management and a BSc in Mathematics, with an emphasis on Actuarial Science. In his new role, Mr. Bailey will report to the Group Chief Compliance Officer & Senior Legal Counsel.

Seprod Limited (SEP) announces that Mr. Euton Cummings joined the Seprod Group as Chief Strategy Officer–Human Capital effective January 1, 2024. Mr. Cummings holds a B.Sc. in Accounting and Management Studies and a M.Sc. in Computer Based Management System. He has more than 25 years of executive experience and comes to Seprod from a distinguished career in the banking sector. The Group welcomes Mr. Cummings and wish for him success in his new role.

Scotia Group Jamaica Limited announces the appointment of Dayne Bucknor to the role Director, Strategic and Business Analytics, Caribbean North & Central and Christopher Samuels to the role Regional Director, Jamaica Retail District B, both effective February 1, 2024.

Seprod Limited (SEP) informs that Dr. Patrick Sterling departed the Seprod Group as Group Human Resource and Industrial Relations Manager effective December 31, 2023. Dr. Sterling served the Group for over ten years and was responsible for several key developments in the human resource and industrial relations functions.

Caribbean Assurance Brokers Limited wishes to advise that effective January 31, 2024 Ms. Krystal Gayle, has transitioned from her position as Divisional Manager – International Insurance and has joined our third party claims administrator (loss adjuster) for International Health Insurance (ICHIP) in a more senior role. As a result, Ms. Judane Brissett has been promoted to Administrative Manager – International Insurance Division, effective February 1, 2024.

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Corporate Movements

Corporate Movements – January 2024

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GraceKennedy Limited (GKL) has announced the appointment of Annette Morrison as its new Group Chief Human Resources Officer (CHRO) and member of its Executive Committee, effective January 3, 2024. The Company has also expressed its deep appreciation to outgoing CHRO of GKL, Naomi Holness, who retired from her role on December 31, 2023. Morrison rejoins GraceKennedy with a wealth of expertise and a deep understanding of its business, having first joined the Company in 2012.

Mr. Ian De Souza has been appointed Managing Director of ANSA Merchant Bank Limited with effect from 8th January 2024.

The Board of Directors of Fontana Limited (FTNA) is pleased to announce the appointment of Mr. Larren Peart as a non-executive Director effective January 1, 2024.

Mr Shawn Moses was appointed as Country CEO for JMMB Group’s Trinidad and Tobago Operations, effective January 2, 2024. In this role he will have strategic and operational oversight for the JMMB Group Limited’s Trinidad and Tobago subsidiaries, namely; Jamaica Money Market Brokers (Trinidad and Tobago) Limited and its subsidiaries which are JMMB Bank (T&T) Limited and its subsidiary JMMB Express Finance (T&T) Limited and JMMB Investments (Trinidad and Tobago) Limited and its subsidiary JMMB Securities (T&T) Limited. Mr. Moses maintains his role as CEO of JMMB Bank (T&T) Limited.

tTech Limited advises of the appointment of Mr. Richard Downer as an Independent Non-Executive Director of the Company. The appointment was made by a Board of Directors resolution on December 20, 2023. Mr. Downer has also been serving in the capacity of tTech’s Board Mentor for the past six years and has the responsibility for advising on the implementation of adequate procedures, systems and controls for financial reporting, corporate governance, timely disclosure of information to the market, and general compliance.

Caribbean Assurance Brokers Limited wishes to advise that Ms. Sheraley Bridgeman has joined us in the position of Chief Executive Officer, effective January 3, 2024.

MASSY HOLDINGS LTD. wishes to advise that pursuant to Sect¬ion 64(1)(b) of the Trinidad and Tobago Securities Act¬, 2012, that Mrs. Angélique Parisot-Porter, Executive Vice-President Business Integrity and Group General Counsel has resigned from the Company effect¬ive, December 27, 2023.

NCB Financial Group Limited (NCBFG) advises that Professor the Honourable Alvin Wint, OJ, CD, is due to retire at the upcoming Annual General Meeting (AGM) of NCBFG to be held in February 2024 pursuant to Article 94 of the NCBFG Articles of Incorporation; and he has indicated that he will not seek re-election in order to reduce the scale of his directorships. Professor Wint has also resigned from the Boards of NCBFG’s subsidiaries, National Commercial Bank Jamaica Limited (NCBJ), NCB Capital Markets Limited, NCB Insurance Agency & Fund Managers Limited, NCB (Cayman) Limited, NCB Capital Markets (Cayman) Ltd and NCB Trust Company (Cayman) Limited effective December 31, 2023. His resignation is unrelated to any disagreement regarding financial statement disclosures, accounting principles or practices, or any matter impacting the Audit Committees, which he chairs, or his ability to execute his functions delegated by the Board.

NCBFG also advises of the appointment of retired Banker, Mr Gary W. Brown, to the Board of NCBJ effective January 1, 2024. Mr Brown has spent most of his working life in the financial services sector in Barbados and the United States of America. Additional board appointments are expected to follow, including a request for him to be elected as a director of NCBFG at the AGM.

NCBFG takes this opportunity to welcome Mr Brown, as well as to thank Professor Wint for his over 20 years of stellar service to various NCB Boards and wish him well as he transitions into this planned retirement.

The Board of Directors of Salada Foods Jamaica Limited (SALF) is pleased to announce the appointment of Miss Tracy-Ann Spence as a non-executive Director and a member of the Audit Committee of SALF effective December 31, 2023. The Board welcomes Miss Spence and looks forward to her invaluable contribution to SALF. The Board of Directors of SALF further wishes to advise that Mr. Michael Bernard, a non-executive independent Director of SALF, has been appointed the new Chairman of the Audit Committee of SALF with effect December 31, 2023.

Eppley Limited (EPLY) has advised of the following management changes during the current quarter:

The appointment of Keisha Smith – Vice President, People effective October 26, 2023
The resignation of Adam Hugh – Assistant Vice President, Credit effective October 11, 2023
The appointment of Samantha Summerbell – Assistant Vice President, Credit effective October 1, 2023

GraceKennedy Limited (GK) has advised that Mr. Gerron Thomas, Group Risk Manager resigned from the company effective December 31, 2023.

 

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Corporate Movements

Corporate Movements- December 2023

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iCreate Limited (“iCreate”) is pleased to announce the addition of Messrs. Anthony Dunn and Donovan White to its Board of Directors as independent non-executive Directors effective December 1, 2023.
Mr. Anthony Dunn is currently the Chief Investment Officer (“CIO”) for Delta Capital Partners Limited. His extensive background includes serving as the Founder and CIO for Ostrich Private Equity Investment Fund LP, as well as holding pivotal roles in renowned organisations such as Jamaica Public Service Company Limited and GraceKennedy Limited. With a proven track record in Strategic and Operational Management, International Finance and Private Equity, Mr. Dunn will play a vital role as a member of the Company’s Audit Committee.
Mr. Donovan White, a seasoned strategist and business leader, joins the Board of Directors with a remarkable career in promoting Jamaica as a global destination. As the head of the Jamaica Tourist Board (“JTB”), Mr. White has achieved significant milestones, one such being surpassing four million (4,000,000) visitor arrivals and strategically re-entering Asian markets. His leadership has been marked by technological innovation, including award-winning digital activations and the “Heartbeat of the World” campaign. Mr. White will also contribute his expertise as a member of the Remuneration Committee.

Unilever Caribbean Limited (UCL) is pleased to announce the appointment of Ms. Ginelle Lambie as an Executive Director on the Board and the Acting Managing Director effective January 1, 2024. Ms. Lambie joined UCL in April 2023 in the role of National Finance Manager. Ginelle holds a Bachelor in Business Administration, a Master of Science in Accountancy and is a Certified Public Accountant. She brings over 20 years of experience in FMCG, Manufacturing, Telecom, Media & Entertainment and Banking in the United States and Trinidad. She has over I l years’ experience in Business Analysis and Financial Reporting in FMCG companies.

Republic Financial Holdings Limited advises of the following change to its Senior Officers effective January 1, 2024:
Karen Tom Yew replaces Baldath Ramkissoon as Chief Risk Officer

Republic Bank Limited advises of the following changes to its General Managers effective January 1, 2024:
. Kimberly Erriah-Ali Group General Counsel/ Corporate Secretary
Aldrin Ramgoolam, currently General Manager, Information Technology Management to General Manager, Commercial & Retail Banking.
Shazard Mohammed, currently General Manager, Commercial & Retail Banking to General Manager, Data Governance & Management Unit.
Denyse Ramnarine, currently General Manager, Data Governance & Management Unit to General Manager, Information Technology Management
Baldath Ramkissoon, currently General Manager, Group Enterprise Risk to General Manager, Group Human Resources
Karen Tom Yew, currently General Manager, Group Marketing & Communications to General Manager, Group Enterprise Risk
Preston George, currently General Manager, Group Human Resources to General Manager, Group Marketing & Communications

Dolla Financial Services Limited (“DOLLA”) wishes to advise that Ms. Alison Lynn, Financial Consultant, and Mr. Walter Scott, Attorney-at-Law King’s Council, have been invited to join DOLLA’s Board of Directors subject to the approval of the Bank of Jamaica in accordance with the Microcredit Act of Jamaica.

Supreme Ventures Limited wishes to advise of the resignation of Mr. Walter Scott, KC as a Director and Chairman of its subsidiary McKayla Financial Services Limited effective November 30, 2023. The company would like to thank Mr. Scott for his invaluable contribution to the Board of McKayla and would like to wish him all the best in his future endeavors.

iCreate Limited (“iCreate” or “Company”) wishes to advise that as at November 24, 2023, the following resignations were effective: –
1. Ms. Arlene Martin resigned from the post of Interim Chief Executive Officer and as Director of the iCreate subsidiary of Visual Vibe.Com; and
2. Mr. Ivan Carter resigned as Director of the iCreate subsidiaries of Visual Vibe.Com and GetPaid Limited.
With respect to the Company/Corporate Secretary, Mr. Demetrie Adams, his resignation takes effect as at December 31, 2023.
The Board of Directors of iCreate wishes to wholeheartedly thank Messrs. Martin, Carter and Adams for their invaluable service to the Company over the years and wish them all the very best in their future endeavours.

 

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