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Corporate Movements – April 2024

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Wigton Windfarm Limited (“WIG” or the “Company”) has announced the following organisational changes and appointments effective May 6, 2024:

The position of Chief Executive Officer will be established, and Mr. Gary Barrow will be appointed thereto as the executive head of the Company.
The position of Deputy Chief Executive Officer will be established, and Miss Michelle Chin Lenn will be appointed thereto. The position of Head of Energy which was held by Miss Michelle Chin Lenn will be dispensed with.
The Board of Directors of WIG is of the view that the aforementioned changes, and specifically the appointment of Mr. Gary Barrow following a successful recruitment process, will further allow the Company to fully realize its vision of being a profitable, regional conglomerate with successful clean energy and other investments. Mr. Barrow also takes the lead at an exciting time for WIG, leading the charge for new investments to deliver a more diversified energy portfolio and growth agenda. Mr. Barrow has demonstrated exceptional leadership for over thirty (30) years in highly relevant c-suite roles in telecommunications and electricity in the region. In addition to his industry know-how and business experience, his multi-disciplinary background in Engineering, Finance, Technology, Innovation, Business Transformation, Process Re-Engineering, Governance and People Management will allow him to hit the ground running at WIG. In his last appointment at the Jamaica Public Service Company Limited, as the Chief Operating Officer, he led enterprise-wide strategic planning and he executed some of the game-changing projects in their digital transformation and other business innovations. His past successes included smart meters and grid modernization projects. Mr. Barrow holds a Bachelor of Science in Electrical Engineering, a Master of Business Administration and has completed global leadership development programmes with INSEAD in France, United Kingdom, China, Spain and USA.

Management changes at VM Investments Limited & VM Wealth Management Limited: In our continued drive to deliver customer-focused experiences to our clients, VM Investments Limited (VMIL) introduced the role of Vice President – Operations. This role will oversee Corporate Planning, Corporate Governance, the Research Unit, Internal Controls, Business Transformation and Core Operations. Allison Mais joined the team in this capacity in February and will work to plan, direct, coordinate, and oversee operational activities of VM Wealth Management (VMWM)/VMIL and ensure the development and implementation of efficient operations and cost-effective systems. Allison previously worked at GraceKennedy as Head, Strategic Planning where she was responsible for the Group’s Strategic Plan and the monitoring of the Group’s areas of focus and KPIs, leading the Corporate Planning Unit and executing retreats and investor briefings. Prior to this, Allison was the Head, Digital Strategy, GraceKennedy Financial Group and Assistant Vice President, Strategy and Project Management Office, First Global Bank. She holds a Master of Science in Manufacturing, Management & Information Systems from Cranfield University, UK and a Bachelor of Science in Computing and Information Technology from the University of Technology. VMIL also wishes to advise that Mr Jason Bailey, who held the post of Manager, Risk and Compliance, of VMIL and VM Wealth Management Limited resigned from the company effective January 22, 2024. We thank Jason for his service and contribution to the VMIL Group and wish him great success in his future endeavours.

At the Radio Jamaica Limited Board of Directors meeting of April 25,2024, the Board passed a resolution to appoint Dr. David McBean as a director of the company, effective 25 April, 2024.

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.

Tropical Battery Company Limited (TROPICAL) has renamed certain posts within the organisation. The Company hereby notifies that the members of the management team, including recent changes and senior management of subsidiaries, are as follows:

Alexander Melville Chief Executive Officer

Alexander Melville, who held the post of Managing Director, has been appointed as CEO effective March 1, 2024. He remains a Director on the. Board of Directors. He has been with Tropical Battery since April 1, 1996 including as Managing Director and has more than 26 years of industry work experience in the Automotive/Battery Business. The experience ranges from warehouse hand, receivables clerk, finance director, to his current role. The highlights during this time would be the transition to real-time sales accounting for all of our retail stores, restructuring shareholder equity with significant investment from our parent company, and helping to put the right people in the right seats, then inspiring and motivating them to achieve growth rates significantly above our industry growth rates. Alexander, also sits on the Board of Eppley Limited, a finance and investment company listed on the JSE, and is on the Audit and Remuneration Committees of that company. Additionally, on Chukka Group Boards; Diverze Assets Inc., Diverze Properties, and as the Treasury Director of Chukka Caribbean Adventures Ltd (a regional Nature Adventure Tour Company).

Daniel Melville Chief Operating Officer

Daniel Melville, who held the post of Deputy Managing Director, has been appointed as Chief Operating Officer effective March 1, 2024. On May 19, 2004, Daniel took-up the role as the VP Sales & Marketing at Tropical Battery, where his skills allowed him to lead the sales Team and execute successful customer service strategies. Since taking over this role the sales have grown by more than 15% annually on average. He teams up with all department heads to brainstorm, motivate and inspire our fellow employees, while overseeing business operations. In June 2021 he was promoted to Deputy Managing Director. Daniel is also a board member, and his mandate is to ensure that Tropical Battery is constantly moving towards fulfilment of its short-term and long-term goals and does not diverge from its strategic plan. Before Tropical Battery, he worked for over 14 years at the Chukka Group. Both on the operating side and the marketing team. Prior to joining same, he worked with Carnival Cruise Lines which helped him to gain a unique understanding of visitors’ vacation preferences and needs.

Reshando Mais Chief Financial Controller

Reshando Mais, who held the post of Financial Controller, has been appointed as Chief Financial Officer, effective March 1, 2024. Reshando joined Tropical Battery Company Limited on June 29, 2017, in the capacity of Financial Controller. He is responsible for the accounting and financial operations of the Company which includes, generating and reporting periodic financial statements in accordance with International Financial Reporting Standards. He is a graduate of Northern Caribbean University and University of the Commonwealth Caribbean, where he obtained a Bachelor of Science Degree in Business Administration with emphasis in Accounting and a Commonwealth Executive Master of Business Administration respectively. He has over 10 years of experience in accounting, external audit real estate industry and merchandising.

David Walton Chief Marketing Officer

David Walton, who held the post of Director of Sales and Marketing, has been appointed as Chief Marketing Officer effective March 1, 2024. David joined our Management Team on August 9, 2021 in the capacity of Director of Sales & Marketing. David is an innovative commercial leader with a background in both Sales & Marketing. With over 20 years of experience as a team lead for commercially successful brands, in the alcoholic beverage and FMCG industries, as well as entrepreneurial ventures in the Entertainment & Hospitality Industry, David has consistently built brands and delivered commercial results.

Stacy–Ann Spence Operations Manager

Stacy-Ann has been a part of the Tropical Battery family since November 9, 2015. Her portfolio includes direct oversight of our warehouse distribution, Battery Recycling & Export coordination, Occupational Health & Safety, Corporate Social Responsibility, Administration & Maintenance Management and overall general operations. Stacy-Ann graduated from the University of the West Indies with honors in 2012 with a Bachelor of Science Degree in Labour & Employment Relations.

Sandra Russell Talent Manager

Sandra Russell, who held the post of Human Resource Manager, has been appointed as Talent Manager. Sandra joined our management team on January 14, 2019, in the capacity of Human Resource Manager. She studied at both local and overseas institutions where she now holds a Bachelor of Science degree in Human Resource Management from Madison University, USA., and a Diploma in Personnel Management & Industrial Relation from IMP. Mrs. Russell has twenty-four (24) years of management experience in the private sector namely Lasco Distributors Limited. She also served in the Banking and Public Sector as well.

Kamesha Robinson Corporate Governance Administrator

Kamesha Robinson has been appointed as Corporate Governance Administrator effective February 2, 2023. Kamesha joined the Tropical Battery family on March 1, 2010. She oversees the Administration Department and provides comprehensive support to the Board of Directors. With over 16 years’ experience in the telecommunications, retail and automotive industries, she comes with high-quality administrative skills and solid general business knowledge. Prior to Tropical Battery, she worked at Mossel Jamaica Ltd. (Digicel) in the areas of Customer Service and Site Acquisition. She graduated with honors from Kirkwood Community College, Cedar Rapids, Iowa in 2000 with an Associate of Applied Science Degree in Marketing and a Diploma in Business Administration.

Jeffrey Brown Information Technology Manager

Jeffrey Brown was appointed as Information Technology Manager in February 2023. He is a seasoned IT professional with over 18 years of experience in managing and maintaining complex network infrastructure, hardware, and software systems. Throughout his career, he has demonstrated a strong ability to support and optimize operations for a variety of organizations in Jamaica. Jeffrey has been with Tropical Battery since February 27, 2023, he oversees the entire IT infrastructure, administers LAN and wireless (WAN) networks, and leads project management initiatives. Jeffrey’s career trajectory demonstrates a deep dedication to the IT field. He has consistently developed his skills and taken on increasingly complex roles, showcasing his ability to adapt and thrive in different environments. With his comprehensive knowledge, technical expertise, and leadership qualities, Jeffrey Brown is a valuable asset to any organization requiring a reliable and efficient IT manager.

Orane Gray Consultant IT

Effective February 2023, Orane Gray is no longer part of the senior management team but remains a consultant to the Company for information technology. Orane Gray perviously served as Information Technology Manager.

Oliver Hill CEO, Tropical Renewable Energy, Tropical Mobility and Tropical Finance

Oliver Hill is CEO of Tropical Renewable Energy, Tropical Mobility and Tropical Finance, majority-owned subsidiaries established in 2022. Oliver joined Tropical Battery on October 4, 2021. The subsidiaries aims to facilitate the transition to sustainable energy and transport. Oliver brings nearly two decades of experience in mergers and acquisitions intelligence and consulting across Latin America and the Caribbean. Prior to joining Tropical Battery, he worked as a consultant with the Inter-American Development Bank, where he supported the energy, water, and state modernization portfolios. Oliver holds a Bachelor of Science from Cornell University and a Master of Science from Columbia University.

Karina Chez CEO, Kaya Energy Group

Mrs. Karina Chez brings extensive business management and international trade experience to the KAYA team. Karina has been a part of the team since April 1, 2019. She is a strategic visionary driving the company’s growth into the future. Karina is a sought-after international speaker who has presented on topics including solar energy, entrepreneurship, women’s leadership, and climate change. She has a broad business network relevant to KAYA’s growth, including serving as the founding President of ASOFER, the Dominican Republic’s renewable energy association; a former president and board member Entrepreneurs’ Organization; a former Board Member of AIRD; and the Chapter Director of Startup Grind. Prior to KAYA, Karina founded The Chess Group, a digital marketing firm based in Dubai and New York, and served as a marketing executive in the Middle East and North America for JumpTV. Karina received an MBA from Pace University and a Master of International Affairs from Columbia University.

Andrew Cramer COO, Kaya Energy Group

Mr. Andrew Cramer is a cofounder 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. Prior to KAYA, Andrew worked with the United Nations as a post-conflict electoral consultant in countries including Timor-Leste, Nepal, Sudan, Comoros, Afghanistan and Libya. In 2017, Andrew was selected to be among 90 thought leaders from around the world to participate in a program – funded by Google and based on the NASA Ames Research Facility in Silicon Valley – to examine how exponential technologies can be leveraged to address the negative impacts of climate change. Andrew has a degree in Environmental Sciences from Loyola University Chicago and a Master of International Affairs from Columbia University.

Chris Wunderlich Chief Executive Officer, Rose Electronics Distributing Co.

Chris Wunderlich was appointed the CEO of Rose Electronics Distributing effective January 30, 2024. Chris possesses a solid background in operations and engineering. His tenure in previous roles has been distinguished by significant enhancements in manufacturing processes and operational efficiency. Emphasizing talent development and continuous improvement in his leadership style, Chris aligns well with Tropical Battery’s vision for the company. His strategic approach in empowering teams to solve complex challenges and his commitment to refining operational systems position him as a key leader, ready to drive Rose Electronics towards a future of innovation and success.

Tim Gray Director of Business Intelligence & Accounting, Rose Electronics Distributing Co.

Tim Gray continues bringing a rich tapestry of experience that blends military discipline with business acumen. His nine-year tenure in the US Marine Corps, marked by leadership in high-pressure environments, laid a foundation for his subsequent success in the business world. With a Bachelor’s in Managerial Economics from UC Davis, Tim has rapidly ascended in the finance and accounting sectors, demonstrating a profound ability to navigate complex challenges and implement strategic solutions. As Director of Business Intelligence and Accounting, Tim’s forward-thinking approach and commitment to excellence will be instrumental in driving Rose’s growth and innovation in the evolving landscape of battery technology.

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Businessuite News24

Corporate Movements – July 2024

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The Board of Directors of PROVEN Group Limited, hereby notifies the Jamaica Stock Exchange that it has received notice from PROVEN Management Limited (the Investment Managers of the Group) that Mr. Christopher Williams, the long-standing CEO of PROVEN Management Limited (“PML”) and co-founder of PROVEN Group Limited, will retire from hisrole in PML’s day-to-day operations effective January 31, 2025. Christopher Williams has served as President & CEO of PROVEN Management Limited since inception and January 31, 2025 marks a significant milestone, as it will be the fifteenth anniversary of the Group, which has benefited from his dynamic and visionary leadership at PML. Over this period, PROVEN has grown into one of the Caribbean’s premier providers of financial solutions, with significant strategic expansion, including the launch of PROVEN Wealth (Jamaica, Cayman Islands, Bermuda, British Virgin Islands, Bahamas, and Barbados), PROVEN Properties, PROVEN Private Capital and PROVEN Bank (with operations in St. Lucia and the Cayman Islands). While retiring from daily executive operations, Williams will remain a significant shareholder, active director of PML, and member of the Investment Management Committee and will continue to sit on the board of directors of a number of PROVEN Group’s subsidiaries. In these capacities, Williams’ expertise, strategic insight, and guidance will remain an invaluable asset to the ongoing growth and success of the Group.

Wisynco Group Limited (Wisynco) wishes to advise our shareholders and the investing public of the following change to our executive management team, in accordance with the main market rules of the Jamaica Stock Exchange. Wisynco is pleased to announce the appointment of Ms. Tabitha Athey as Chief Commercial Officer, effective July 1, 2024. She brings a wealth of experience and a proven track record in commercial strategy and sales management, and we are confident that her expertise will drive Wisynco to new heights.

Caribbean Producers (Jamaica) Limited (JSE:CPJ) (“CPJ”) announced that A.S. Bryden & Sons Holdings Limited (JSE:ASBH) (“ASBH”) has acquired a
44.8% strategic stake in CPJ.  Nicholas Hospedales was appointed Chief Executive Officer of CPJ effective July 9, 2024. Mr. Hospedales is a senior executive at ASBH, having previously led its food and grocery, premium beverage and operations units over the last decade. Prior to his roles at ASBH, Mr. Hospedales held various regional leadership roles at Nestle. Richard Pandohie, the Chief Executive Officer of ASBH was appointed Chairman of CPJ effective July 9, 2024. Tom Tyler, CPJ’s Co-Founder was appointed Deputy Chairman of CPJ and will serve as a consultant to the Company focused on customer and supplier relationships and business development opportunities. Mark Hart and Candace Hart will remain the Directors of CPJ. In addition to Mr. Pandohie and Mr. Hospedales, ASBH directors Nicholas Scott, Michael Conyers and David Franco were appointed new directors of CPJ replacing Christopher Berry, Konrad Berry, Camille Shields, Frank O’Dowd and Mark Hall who has resigned.

tTech Limited announced, following a meeting of its Board of Directors on July 12, 2024. Effective July 12, 2024: Messrs. Kevin Gordon and Rob Mayo-Smith were appointed directors of the company.
Mr. Norman Chen resigned as the company’s Chief Executive Officer. Mr. Kevin Gordon was appointed as the Chief Executive Officer.
The Directors thank Norman for his service and leadership during his period with the company. His leadership as CEO since December 2022, has been instrumental in navigating the company through significant changes and challenges. His dedication and vision have contributed significantly to the Company’s growth and positioned tTech as a leader in the industry. and we wish him every success in his future endeavours. Mr. Chen continues to serve as a director. Kevin Gordon and Rob Mayo-Smith are the owners of Simply Secure Limited, a company which acquired 49.1% of the issued ordinary shares of tTech Limited. Both Kevin and Rob are experienced executives in the Telecommunications and Information Technology sectors, and the company looks forward to benefitting from their experience and expertise.

Access Financial Services Limited (AFS) wishes to advise of the changes in the leadership positions within the Board of Directors, as decided in the recent Board meeting held on June 27, 2024. The Executive Chairman, Mr. Marcus James requested a one-year leave of absence from his role effective June 27, 2024. During this period, Mr. James will continue to serve on the Board. His request was granted, and Mr. Michael Shaw was subsequently appointed as the new Chairman of the Board. Mr. Shaw brings extensive leadership experience in the financial sector, having served in senior positions where he consistently exceeded targets, improved efficiency, and delivered strong financial results. Additionally, the Board has appointed Mrs. Charmaine Boyd-Walker as the Chairman of the Audit & Risk Management Committee. Mrs. Boyd-Walker has over 25 years of experience in accounting and finance, with significant expertise in audit and accounting standards, internal controls, compliance, and risk management. The Board has full confidence in these changes and looks forward to the exceptional contributions that the new appointees will make in their respective roles.

Access Financial Services Limited (AFS), wishes to advise of the resignation of Ms. Sherri Murray as Company Secretary of the Board, effective July 8, 2024. The Board extends its gratitude to Ms. Murray for her contributions and wishes her all the best in her future endeavours. AFS further advises that Ms. Carla Stephens-Mullings has been appointed as the new Company Secretary, effective July 9, 2024.

The JPS Board of Directors has announced the appointment of Hugh Grant as its new President and Chief Executive Officer. The appointment takes effect on August 1, 2024. Hugh Grant has more than twenty-five years of experience in the utility business, with extensive industry knowledge across the generation, transmission, and distribution sectors of the industry. He joins JPS from Consolidated Edison Company, the energy company that serves the ten million people of New York and Westchester in the US. In his most recent position, Grant served as the vice president of Steam Operations at Con Edison. In this capacity, he was responsible for managing the day-to-day operations and the P&L of the district steam business in Manhattan, a system that has the lowest greenhouse gas emissions of any energy system in New York City. During his time at Con Edison, Grant served in a variety of positions, with increased responsibility and impact on the company. Prior to his most recent assignment, Grant was the vice president of Substation Operations and was responsible for the more than one hundred electric transmission and distribution substations throughout the service territory, serving a customer demand of over 13,000MW.Grant is of Jamaican origin. He holds a Bachelor of Science degree in electrical engineering from Florida International University in Miami, Florida, a Master of Science degree in information
systems from Pace University and a Master of Business Administration from Columbia University in New York City.

The management of Radio Jamaica Limited (RJL), the parent company in the RJRGLEANER Communications Group (“the Group”) advises that a new Chief Financial Officer (CFO) designate, Ms. Karla Stephens-Hall has been identified. Ms. Stephens-Hall started work at the Group on Monday, July 8, 2024.

Supreme Ventures Limited (SVL) wishes to advise that Mrs. Clair-Ann Kennedy the CEO of Supreme Ventures Services Limited and Ibet SV Ghana resigned effective 30 June 2024.  Mrs Kennedy has been a valuable and respected member of the SVL Group Executive team. SVL thanks her for the hard work and commitment that she has displayed during her tenure with the Group. Mrs Kennedy will be pursuing other interests and personal projects. In the interim period, Ms. Krista-Gaye Fisher SVP Legal, Regulatory and Compliance will assume the responsibilities of CEO for SVSL.

Mr. Doug Hewson resigned from the Portland JSX Limited (PJX) Board effective July 12, 2024 and Mr. Ricardo Hutchinson was appointed a Director and Board Chairman effective on the same date.

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A Legacy of Leadership: Dr. Marlene Street Forrest and the Future of the Jamaica Stock Exchange

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“As the JSE looks to the future, it will be crucial to find a leader who can match, if not exceed, Dr. Street Forrest’s impressive legacy.”

Introduction
Dr. Marlene Street Forrest, who has led the Jamaica Stock Exchange (JSE) for nearly two decades, is set to retire, leaving behind a legacy of innovation and resilience. Her tenure has been marked by significant achievements and overcoming challenges in a male-dominated field, setting a high bar for her successor.

Accomplishments and Achievements
Dr. Street Forrest’s tenure at the JSE has been transformative. Under her leadership, the JSE has seen a notable increase in market activity, listings, and the introduction of new financial instruments.

She spearheaded the launch of corporate secretarial services to assist smaller companies in maintaining compliance and accurate reporting, which is crucial for their growth and sustainability​​.

In recognition of her outstanding leadership, Dr. Street Forrest received several prestigious awards, including the Order of Distinction in the Rank of Commander (CD) in 2016 and the Afroglobal Excellence Award for Global Impact from Canada the same year​.

Her efforts have not only enhanced the visibility and credibility of the JSE but have also contributed significantly to Jamaica’s economic resilience and development.

Overcoming Challenges
Leading the JSE in a male-dominated industry came with its challenges. Dr. Street Forrest often had to navigate skepticism and bias, proving her competence through relentless hard work and strategic vision.

The global financial crisis and the COVID-19 pandemic posed additional challenges, yet she successfully steered the JSE through these turbulent times by promoting market stability and investor confidence​.

Her focus on digital transformation and enhancing regulatory compliance helped the JSE remain a pivotal player in Jamaica’s economic strategy. She emphasized the importance of high-quality, timely financial information and investor education, which are critical for maintaining market integrity and attracting capital​​.

The Road Ahead: What Her Successor Needs
As the search for Dr. Street Forrest’s successor begins, the JSE requires a leader who can build on her legacy of innovation and resilience. Key characteristics for the next managing director include:

Visionary Leadership: The ability to foresee and adapt to market trends and technological advancements.
Strong Regulatory Knowledge: Ensuring compliance and fostering investor trust through transparent practices.
Commitment to Digital Transformation: Embracing new technologies to enhance market operations and accessibility.
Economic Insight: Understanding market dynamics and economic policies to drive growth and stability.
Collaboration Skills: Building strong relationships with stakeholders, including regulators, investors, and listed companies.

Benchmarking against global stock exchange leaders, the new head of the JSE should embody a blend of strategic foresight, regulatory acumen, and innovative thinking. Leaders like Adena Friedman of Nasdaq and David Schwimmer of the London Stock Exchange exemplify these traits, balancing market growth with robust governance.

Conclusion
Dr. Marlene Street Forrest’s leadership at the JSE has set a high standard, marked by significant achievements and resilience in the face of challenges. Her successor will need to bring a mix of visionary leadership, regulatory knowledge, and a commitment to digital transformation to continue driving the JSE’s growth and success. As the JSE looks to the future, it will be crucial to find a leader who can match, if not exceed, Dr. Street Forrest’s impressive legacy.

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Who Is Roxane De Freitas?

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Early Life and Career Beginnings
Roxane De Freitas has a distinguished career marked by her leadership and strategic roles in major companies. She has served as a pivotal figure in the Caribbean business community, with extensive experience across various sectors. Her early career saw her rising through the ranks in the fast-moving consumer goods (FMCG) industry, which laid the foundation for her expertise in corporate leadership.

Professional Accomplishments
Roxane De Freitas is well-known for her significant contributions to Scotiabank and Massy Stores. She recently retired from the Board of Directors of Scotiabank Trinidad and Tobago, where she played a critical role in steering the bank’s strategies and operations. In her tenure, De Freitas contributed to the bank’s growth and its robust community initiatives through the Scotiabank Foundation, emphasizing the well-being of women and youth in Trinidad and Tobago.

In addition to her banking career, De Freitas has been instrumental at Massy Stores. As CEO of Massy Stores Trinidad, she oversaw the expansion of the chain, including the implementation of innovative self-checkout services, which have been lauded for enhancing customer convenience and operational efficiency. Her leadership during the rollout of these services across multiple locations demonstrates her commitment to modernizing retail operations and improving customer experience.

Roxane De Freitas also has a robust background in the fast-moving consumer goods (FMCG) sector, having held several key positions at Unilever Caribbean Limited. Her roles included Country Manager for Unilever Jamaica and General Manager for Unilever Caribbean, where she oversaw operations in multiple territories across the Caribbean. Her leadership has been marked by strategic initiatives that drove growth, enhanced operational efficiency, and improved market share.

Recent Appointments
On June 6, 2024, Roxane De Freitas was appointed to the Boards of Scotia Group Jamaica Limited and The Bank of Nova Scotia Jamaica Limited. This new role signifies her continued influence in the Caribbean banking sector, where her strategic insights and extensive experience are expected to drive further growth and innovation for Scotiabank in Jamaica.

Industry Impact and Legacy
De Freitas’s impact on the Caribbean business landscape is profound. Her strategic vision and leadership have not only driven financial performance but also fostered community development and corporate responsibility. At Massy Stores, her efforts in promoting sustainable practices and efficient retail technologies have set new benchmarks for the industry.

A Role Model for Future Leaders
Roxane De Freitas’s journey is a testament to the power of dedication and strategic thinking in achieving corporate success. Her career path serves as an inspiration to aspiring leaders, particularly women in business, demonstrating that perseverance and innovation can break barriers and lead to significant achievements in diverse sectors.

As she takes on her new responsibilities with Scotiabank in Jamaica, the business community will undoubtedly be watching her next moves, anticipating further contributions to the growth and development of the Caribbean’s financial and retail sectors.

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Corporate Movements June 2024

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The Board of Directors of Mailpac Group Limited is pleased to announce the appointment of Mr Kamar Palmer and Mrs Sheree Martin as Directors of the Company, effective June 1, 2024. The Board welcomes them to the Mailpac family and looks forward to their invaluable contribution to the Company.

Scotia Group Jamaica Limited is pleased to announce the appointment of Roxane De Freitas to the Boards of Scotia Group Jamaica Limited and The Bank of Nova Scotia Jamaica Limited effective June 6, 2024.

IronRock Insurance Co Ltd (ROC) hereby advises that, effective May 1, 2024, Mr. Richard Fraser has been appointed as an Independent Director and the Company Secretary. He has also been appointed Chairman of the Corporate Governance & Conduct Review Committee and will serve as a member of the Audit and the Nominations & Remuneration Committees.

Eppley Limited has advised that Mr. Raymond Donaldson has been appointed as a director of Eppley Limited with an effective date of June 3, 2024.

Lumber Depot Limited wishes to advise the Jamaica Stock Exchange, its shareholders and stakeholders that the company has added to its management team Mr. Karl Lambert in the capacity of Chief Accountant with effect from May 1, 2024.

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Corporate Movements – May 2024

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GraceKennedy Limited (GK) has announced the resignation of Mrs. Patsy Latchman-Atterbury as Managing Director of GK Capital Management Limited and consequently from the Board of Directors of GK Capital Management Limited, effective May 22, 2024. Mr. Kareem Tomlinson has been appointed as Managing Director of GK Capital Management Limited and as a Director of the Company, effective May 22, 2024. Mr. Tomlinson is a Chartered Financial Analyst with over a decade of experience working in the Jamaican financial sector. He is also the Managing Director of GK Investments Limited.

Stationery & Office Supplies Ltd (SOS) is pleased to announce that at its board meeting held on May 16, 2024, the appointment of Mr. John Hudson as an independent director of the company. Mr. Hudson will join the board of directors as well as be a member of SOS’s remuneration and corporate governance committee’s and will chair the audit committee.

Access Financial Services Limited (AFS) is pleased to announce the appointment of Mr. Johann Heaven as a Non-Executive Non-Independent Director. This following a previous announcement on March 18, 2024, regarding Mrs. Nerisha Davis-Farquharson’s resignation from the Board of Directors,

Key Insurance Company Limited advises that Mr. Adrian McBean has been appointed to the position of Chief Financial Officer effective April 22, 2024. With over 15 years in the financial sector as an accounting and finance professional, Mr. McBean brings a wealth of experience to this role.

Image Plus Consultants Limited (IMAGE) announces the appointment of Dr. Wendy-Gaye Thomas to the post of Chief Operating Officer, effective June 3, 2024. Dr. Thomas brings a wealth of experience and a stellar track record in healthcare management. Dr. Thomas graduated Magna Cum Laude from Universidad Central del Este. In her prior roles, she was responsible for driving profitability by delivering growth in food safety audit services and other medical technical services. Dr. Thomas is an author and speaker on public health issues. Her appointment is expected to enhance the company’s operational capabilities and drive efficiency to deliver stronger net profit margins.

The Management of Radio Jamaica Limited (RJL), the parent company in the RJRGLEANER Communications Group, today advised the Board of directors that the current Chief Financial Officer (CFO), Andrea Messam has opted to proceed on early retirement at the end of December 2024.

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