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Corporate Movements

Jamaica Producers Group Limited Announces Appointments To The Board Of Directors

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Jamaica Producers Group (‘JP’) announces that with effect from April 1, 2023, Dr. Swee Chua and Mr Stephen Facey, CD have been appointed to the Board of Directors of JP.

Swee Chua, D. Phil is Country Head of HGS Jamaica, a business process outsourcing firm with over 1,500 employees operating in Jamaica. As Country Head, Dr. Chua has overall responsibility for the operational performance of the accounts in Jamaica as well as the supporting shared services functions of the enterprise. Dr. Chua holds a doctorate in Economics from the University of Oxford in the UK and has over 20 years’ experience in the private and public sectors as well as academic research. Prior to joining the BPO sector, Dr. Chua worked in the utilities, consulting, insurance and regulatory sectors. Over the course of her career, Dr.
Chua has served as Vice President of Jamaica Public Service (where she had management responsibility for commercial operations and internal shared services). She has also served as Economist and Senior Economist at OXERA UK, one of Europe’s foremost economics consultancies.

Stephen B. Facey, CD, BA, M. Arch. has over 40 years of experience in architecture, real estate development and management, and private equity investing. An architect by training, Mr. Facey holds a BA in Architecture from Rice University and a Master of Architecture from the University of Pennsylvania. He is Chairman of Jamaica Property Company Limited, Kingston Restoration Company Limited, the New Kingston Civic Association and the C.B. Facey Foundation, which is the charitable arm of PanJam Investment Limited. Mr. Facey is also the Chairman of the Caribbean Policy Research Institute. He is a Director of Sagicor Financial Company Limited, Sagicor Group Jamaica Limited and the National Gallery of Jamaica.

About JP
Jamaica Producers Group Limited (‘JP’) is a Jamaica-based, multinational investment holding company. JP holds a 34.5% interest in the Pan Jamaica Group and is its largest shareholder.

Pan Jamaica Group, in turn acquires, holds and manages market leading business interests in Property and Infrastructure, Financial Services, Global Services and Specialty Food and Drink. The Property and Infrastructure and Financial Services interests of the Pan Jamaica Group have their primary footprint in the Caribbean. The Property and Infrastructure portfolio includes offices, retail, hotels and other commercial real estate. The Financial Services interests include banking and insurance. The Global Services Group includes shipping and logistics, tourism and attractions, and business process outsourcing interests that have a Caribbean nexus but serve a global client base. The Specialty Food and Drink Group has food manufacturing and agri-business operations in Europe and the Americas.

JP has been in business for over 90 years and is listed on the Jamaica Stock Exchange.

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Corporate Movements – June 2025

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ANSA McAL Limited (“ANSA McAL”) wishes to announce that with effect from 16th June 2025, Mr. Adam Sabga was appointed as Group Chief Operating Officer of ANSA McAL. As a key member of the Executive Leadership Team, Mr. Sabga will drive enterprise-wide operational excellence and support the execution of the Group’s diversified strategy across sectors. He will also be responsible for ensuring that all operational pillars are robust, agile and aligned with the Group’s corporate Vision and Values, and delivering value to shareholders, customers, employees and communities across the region.

Trinidad Cement Limited (“TCL” or “the Company”) hereby advises that Mr. Rafael Orlando Martinez Vela has resigned as Group Procurement Manager effective June 13, 2025. undertakings. Mr. Jesus Alejandro Arenas Mosos will assume the role of Procurement Manager effective June 15, 2025. TCL thanks Mr. Martinez Vela for his contribution during his tenure and extends best wishes to him in his future.

Supreme Ventures Limited (SVL) is pleased to announce the appointment of Mr. Don Mark Smith as the General Manager of Supreme Route Limited effective June 16, 2025.

Supreme Ventures Limited is pleased to announce the appointment of Mrs. Tanya Smith Anderson to the post of Senior Vice President, People and Corporate Services, Supreme Ventures Services Limited effective June 2, 2025. Tanya comes to us with more than 20 years experience in people management, culture and industrial relations. Holding several senior human resource management positions, Tanya has worked across numerous industries to include finance, aviation, logistics, insurance and media.

VM Investments Limited (VMIL) has announced strategic leadership appointments and structural updates. These changes align with the company’s long-term strategy for operational excellence, innovation, and sustainable growth. Executive Appointment: Chief Operating Officer Allison Mais has been promoted to the role of Chief Operating Officer (COO) for VM Investments Limited and VM Wealth Management Limited effective April 1, 2025. In this expanded role, Ms. Mais reports directly to the Chief Executive Officer and assumes strategic oversight of critical operational areas across the business. This appointment underscores the organisation’s focus on operational agility and execution, with Ms. Mais’ leadership pivotal to scaling service delivery, improving internal processes, and supporting enterprise-wide efficiency.

Promotion: Assistant Vice President – Global Markets & Digital Asset Trading Denise Marshall Miller’s portfolio has been upgraded to the role of Assistant Vice President – Global Markets & Digital Asset Trading effective April 1, 2025. This change reflects the expanded mandate of the unit, which now includes a sharper focus on digital financial instruments and global trading. This role is critical to VMIL’s strategy of broadening its investment capabilities and capitalising on emerging opportunities in global and digital markets.

Role Realignment: Assistant Vice President – Treasury Operations and Brokerage Services Evette Bryan has been appointed Assistant Vice President – Treasury Operations and Brokerage Services, effective April 1, 2025, having previously served as Assistant Vice President – Treasury & Asset Management. In her enhanced role, Mrs. Bryan will focus on strengthening the operational framework of VMIL’s brokerage services and improving payment processing systems. Her leadership will enhance operational stability and ensure that the brokerage business is responsive, resilient, and client-focused. New Appointments

In further support of its strategic direction, VMIL is pleased to announce the following new leadership roles: • Sitarah Smith – Appointed Assistant Vice President – Investment Management & Structured Solutions effective February 10, 2025. Ms. Smith’s appointment reflects VMIL’s deepened commitment to providing tailored investment strategies and bespoke structured products aligned to client needs. • Stuart Andrade – Assistant Vice President – Finance effective April 17, 2025. Mr. Andrade’s appointment supports VMIL’s focus on financial discipline, strategic resource allocation, and enhanced reporting as the company continues to scale and evolve. • Strycen Williams – Appointed Senior Manager with responsibility for Transformation effective January 20, 2025. Her expertise will drive transformation initiatives across business lines, reinforcing VMIL’s focus on innovation, client-centricity, and market relevance. • Mikhail McLeod – Appointed Manager with responsibility for Legal, Compliance, Investor Relations and Corporate Governance effective February 3, 2025. This addition strengthens VMIL’s governance framework, ensuring robust regulatory compliance and legal oversight in a complex financial landscape. These changes reflect VM Investments Limited’s strategic focus on leadership development, business diversification, and operational excellence. The organisation remains committed to delivering value to clients, shareholders, and stakeholders through a forward-looking and performance-driven culture.

Salada Foods Jamaica Limited (SALF) wishes to advise that Mr. Zayous Hamilton, Financial Controller, separated from the Company effective June 2, 2025. The Company thanks Mr. Hamilton for his contributions and extends best wishes for his future endeavours. Efforts are ongoing to appoint a new Financial Controller. In the interim, the key responsibilities of the role will be assumed by the Chief Accountant, Mr. Richard Thomas, to ensure continuity in the Company’s financial operations.

Everything Fresh Limited wishes to advise that Mr. Errol Grant has been appointed the Group Chief Financial Officer for the company effective May 12, 2025.

 

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Sagicor Group Jamaica Announces Organisational Changes to Support Business Growth

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Willard Brown appointed CEO of Sagicor Life Jamaica; Joanna Banks assumes broader strategic leadership role.

Christopher Zacca, the President and Chief Executive Officer of Sagicor Group Jamaica Limited (“Sagicor” or “the Group”) today announced key leadership changes to strengthen the Group’s position for continued growth and expansion.

Willard Brown Chief Executive Officer (CEO) of Sagicor Life Jamaica Limited

Effective May 1, Willard Brown has been appointed Chief Executive Officer (CEO) of Sagicor Life Jamaica Limited (“Sagicor Life Jamaica” “SLJ”). As CEO of Sagicor Life Jamaica, Brown will lead the overall strategy and operations of SLJ, which gives him oversight of all divisions of the Life Business. This expanded portfolio will enable a more integrated approach to supporting client needs, driving operational efficiencies, and positioning the Business for new opportunities in other geographies. He most recently served as Chief Technology and Insurance Operations Officer where he led several successful initiatives to streamline Sagicor Life Jamaica’s operations, modernise the Group’s technology platforms and strengthen its digital capabilities. Over the course of his 34-year tenure with the Company, Brown has demonstrated exceptional leadership, strategic foresight, and a deep understanding of the evolving needs of clients and markets-including operations in Panama and Costa Rica. His appointment reflects Sagicor’s focus on empowering proven leaders to accelerate its growth ambitions.

Willard brings an outstanding track record of strategic execution and innovation, and Joanna’s deep industry expertise remains invaluable as we expand our businesses.” Brown expressed enthusiasm about the new role, stating: “I am excited for this opportunity to build on our strengths and lead the charge as we grow our Life Insurance Business. With a dedicated and talented team behind us, we are well-positioned to deliver even greater value to our clients and communities. Sagicor Life Jamaica remains focused on delivering sustainable growth under the leadership of Mr. Zacca and the Executive Management Team.”

 

In addition, Joanna Banks will transition into an expanded strategic leadership role within the Group as Executive Vice President, Strategy and Business Development, and Chief Technology Officer.

Joanna Banks Executive Vice President, Strategy and Business Development, and Chief Technology Officer.

In alignment with the organisational changes, Joanna Banks will continue to play a critical role in delivering strategic initiatives that enhance the Group’s service excellence and market reach. She now has an expanded portfolio that includes the company’s Technology and Digital Innovation functions. This integration reflects Sagicor’s commitment to accelerating digital transformation and enhancing operational agility across its businesses. Commenting on the changes, Zacca, stated: “These leadership transitions position us strongly for the future.

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General Accident Strengthens Regional Leadership for Strategic Growth

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General Accident Insurance Company Jamaica Limited has announced the appointment of Gregory St. Hugh Foster as Chief Executive Officer and Country Manager of its Jamaica operations. He succeeds longtime executive Sharon Donaldson, who now assumes the full-time role of Group Chief Executive Officer. The transition, effective immediately, is the result of a carefully executed succession plan that signals the company’s continued commitment to strong leadership, growth and long-term stability across the region. Foster has been an integral member of the executive team since 2014, serving most recently as Chief Operating Officer.

With over a decade of experience in the general insurance sector, he has led with distinction across core areas including finance, underwriting, claims, and operations. He is also the strategic lead for AutoSmart Insurance, GenAc’s motor insurance sub-brand. “Sharon and Gregory have demonstrated the leadership required to execute our strategy and position General Accident for continued success,” said PB Scott, Chairman of General Accident. “This transition reflects our deep confidence in their ability to guide the company into its next phase of growth.” Foster brings a deep understanding of the Jamaican insurance market, honed during his time as Chief Financial Officer before assuming the COO role in 2019. A Chartered Accountant and member of the Institute of Chartered Accountants of Jamaica, he previously worked at PricewaterhouseCoopers as an Audit Manager, overseeing audits in insurance, petroleum, and manufacturing sectors. “It is a privilege to take on the role of CEO and Country Manager at such an important juncture in General Accident’s growth story,” Foster said. “Together with our exceptional team, I am focused on expanding our market presence, enhancing service delivery, and creating long-term value for our stakeholders.”

Sharon Donaldson, who has led General Accident for over two decades, has been central to the company’s regional expansion, delivering strong financial performance, strengthening underwriting capacity, and embedding sound corporate governance practices. As Group CEO, Donaldson will now oversee the strategic direction of General Accident’s operations in Jamaica, Trinidad & Tobago, and Barbados. “I look forward to collaborating with Gregory and our regional teams as we continue to scale our operations and deliver innovative solutions to our customers across the Caribbean,” said Donaldson With this leadership evolution, General Accident reinforces its commitment to delivering sustainable growth and high-quality service while expanding its influence as a trusted insurer throughout the Caribbean.

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Corporate Movements

Corporate Movements – April 2025

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With reference to statements made in a letter to Jamaica Stock Exchange from World of Dolphins dated April 8, 2025 that have been posted on Instagram and on Dolphin Cove Limited’s website, this is to inform that, based on legal advice received to date, the ‘notice’ signed on behalf of World of Dolphins, and inter alia, issued on an unauthorized ‘letterhead’ of Dolphin Cove Limited, is ineffective for the purposes of Article 95(h) of the Company’s Articles of Incorporation and therefore the office of director occupied by Stafford Burrowes has not been vacated in accordance with that Article.
Should a proper instrument be issued within the terms of the Article, the office of the director in respect of which it is issued, would be vacated, without more.

Pulse advises that Ms. Romae Gordon has resigned as Co-Managing Director and Company Secretary of Pulse Investments Limited effective 31st March 2025. Miss Gordon will remain a director of the company. Ms. Safia Cooper will assume the post of Managing Director.

IronRock Insurance Company Limited (ROC) wishes to advise that effective 1 April 2025, Mr. Christian Watt has been appointed as a Director and Chief Executive Officer of the Company.

Innovative Energy Group is pleased to announce the appointment of Dr. Conrad Miller as President and Chief Executive Officer, effective April 14, 2025. Dr. Miller brings over two decades of experience in the energy sector, with a proven track record of leadership, innovation, and financial acumen. He holds a Doctorate in Business Administration focusing on Strategy and Innovation, a master’s degree in engineering management, and an undergraduate degree in Mechanical Engineering. He is a registered Professional Engineer with the Professional Engineering Registration Board.

Supreme Ventures Limited (SVL) is pleased to announce the appointment of Ms. Krista-Gaye Fisher as the CEO of Supreme Ventures Services Limited effective April 1, 2025.

The Board of First Citizens Group Financial Holdings Limited took the decision on Friday, March 28, 2025, to appoint Mr. Jason Julien as the new Group Chief Executive Officer to replace Ms. Karen Darbasie upon her retirement. Mr. Julien possesses an MBA (Distinction) from the Edinburgh Business School, Heriot – Watt University and a BSc Management Studies (Honours) from The University of the West Indies. He is a Chartered Financial Analyst with the CFA Institute. He also possesses a Certificate of Financial Advisors with the Institute of Business and Finance. He has twenty-five years of banking and finance experience in leading local and regional financial service entities, along with varied board.

Tropical Battery Company Limited (“TROPICAL”) is pleased to announce the appointment of Mrs. Jody Gager-Rose, Independent Director, to the Company’s Compensation Committee, effective 20th March 2025. Mrs. Gager-Rose brings a strong track record in accounting, financial reporting, and corporate governance, which will further strengthen the Compensation Committee’s oversight of executive remuneration and talent management. This appointment enables the Compensation Committee to meet the corporate governance requirements of the Jamaica Stock Exchange (JSE) Main Market. As TROPICAL advances its planned migration from the Junior Market to the Main Market, the Company is committed to aligning with the highest standards of board independence, transparency, and accountability. The Board of Directors welcomes Mrs. Gager-Rose to her new role and looks forward to her contributions in ensuring that the Company’s compensation framework supports its long-term strategic objectives and sustainable value creation for shareholders.

JMMB Group Limited wishes to advise that Mr. Johann Heaven will be appointed to the Board of Directors of JMMB Group Limited, effective April 4, 2025.  Mr. Heaven is a co-founder of PROVEN Group Limited and is currently the Group CEO of PROVEN Management Limited, the management company of the PROVEN Group. He brings to the JMMB Group over 25 years of experience in finance, planning, and investment functions.  He is a Chartered Financial Analyst (CFA) charter holder, holds the Financial Risk Manager (FRM) certification, and has a Master’s Degree in Finance from the University of London. The JMMB family welcomes Mr. Heaven and looks forward to his contribution to the further success of the JMMB Group.

Jamaica Money Market Brokers Limited is pleased to announce that Mr. Christopher Walker has been appointed to the role of CEO for Jamaica Money Market Brokers Limited effective April 1, 2025. Mr. Walker previously held the role of CEO, JMMB Fund Managers Limited & Group Fund Operations Oversight Officer. Mr. Walker has over twenty-eight (28) years of experience in the financial sector. His qualifications include a BSc in Management and Economics from the University of the West Indies, a Canadian Investment Manager Designation from the Canadian Securities Institute and a Master’s degree in Business Administration from the University of Liverpool.  The JMMB team looks forward to his continued valuable contribution. Ms Keisha Forbes continues as Country Chief Executive Officer – Jamaica.

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Corporate Movements: Margaret Campbell Appointed CEO of GKMS Group; Lee-Anne Bruce Named COO

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GraceKennedy Limited (GK) is pleased to announce leadership changes at GraceKennedy Money Services (GKMS) as part of its ongoing succession plan and strategic talent development and deployment.

Effective April 1, 2025, Margaret Campbell will assume the role of Chief Executive Officer (CEO) of the GKMS Group. Campbell, who has worked with GKMS for over 25 years, has served as its Chief Operating Officer (COO) since 2020. She joined GKMS in 1996 and has held several leadership roles during her tenure including, Financial Controller, Chief Financial Officer (CFO), and Country Manager for GKMS Jamaica. A Fellow Certified Chartered Accountant, Campbell also holds an MBA in Finance from the University of Manchester and serves on several GK subsidiary boards. She is also the current President of the Jamaica Money Remitters Association.

Frank James, Group CEO of GraceKennedy, expressed confidence in Campbell’s leadership, stating, “Margaret has demonstrated strong leadership and an unwavering commitment to providing exceptional value and convenience to our customers across Jamaica and the wider Caribbean, in keeping with our vision of being the number one Caribbean brand in the world. I have no doubt she will continue to drive GKMS forward.”

Grace Burnett, CEO of GKFG, added, “Margaret’s industry expertise and strategic approach make her the ideal person to lead GKMS into the future. Her experience and passion for operational excellence will be instrumental as GKFG continues to grow and evolve.” The announcement of Campbell’s appointment comes as Burnett, who has led GKMS since 2019, prepares to retire from GraceKennedy later this year.

Lee-Anne Bruce

Additionally, GraceKennedy has named Lee-Anne Bruce as the new COO of the GKMS Group, also effective April 1, 2025. Bruce holds a bachelor’s degree from the Frank G. Zarb School of Business at Hofstra University and is a Certified Anti-Money Laundering Specialist. With over a decade in senior leadership roles at GK, she has served as Group Chief Compliance Officer, Chief Risk Officer, and most recently, Chief Audit Executive. She began her career at GK in 2003, when she played a key role in GKMS’ expansion into the Eastern Caribbean.

Margaret Campbell, incoming GKMS CEO, welcomed Bruce’s appointment, stating, “Lee-Anne is no stranger to GKMS and her extensive experience and understanding of our business will undoubtedly be invaluable in her new role.”

In light of the leadership changes at GKMS, Judith Chung, Group Chief Compliance Officer & Senior Legal Counsel, will act as Chief Audit Executive of GraceKennedy Limited, while Jason Bailey, Head of Risk, will temporarily assume responsibility for the Compliance portfolio.

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