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JAMPRO’s President Diane Edwards Makes A Career Step Amidst Praise For Achievements

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It is with regret that we advise that President Diane Edwards has given notice that she will not be renewing her contract, which ends December 31, 2022. She has opted instead to pursue her next career opportunities.

Over the last 9 years, under the stewardship of President Edwards, JAMPRO has been perceived by incoming investors as responsive and constantly helpful. Under her leadership, JAMPRO has taken on an enhanced marketing orientation, driven by pro-active team of professionals.

Ms. Edwards has led JAMPRO to be a leading government organization that has provided local and international investors in the tourism, manufacturing, and mining sectors with significant assistance to overcome difficulties as the seek to do business in Jamaica. The Global Digital Services (Business Process Outsourcing) (BPO) industry has moved from 12,000 jobs in 2013 to 54,000 jobs in 2022 through the attraction of new BPO companies and the creation of an ecosystem for multiple expansions across the country. Ms. Edwards and JAMPRO have played important roles in attracting these BPO businesses to assist the Jamaican economy.

Over the period, JAMPRO also commenced the implementation of transformative projects such as the creation of a National Business Portal and the establishment of a National Investment Policy, while advocating for the creation of a cannabis and hemp industry. In addition, the organisation has led the development and implementation of multiple sector strategies geared towards development and growth such as the National Global Digital Services Strategy, the National Manufacturing Strategy and the draft National 4-Year Agribusiness Strategy.

Melanie Subratie, Chair of JAMPRO, expressed her appreciation for the strong relationship she has built with Diane and gratitude for the work they have done together noting that “I have long been a champion of the sterling work done by JAMPRO and as a fellow female leader, I have admired Diane’s transformation of the organisation into a client-centric, results driven agency, leading the cause of the private sector. I am sorry to see her go, but I know that she has led a remarkable team who will continue her stellar work. There is no doubt in my mind that the Jamaica BPO industry would not exist in its current form without the work of Diane and her team at JAMPRO. They literally built an industry from the ground up.”

Senator the Honourable Aubyn Hill, Minister of Industry, Investment and Commerce added that “Diane’s endeavours to stimulate export and investment have played a significant role in the growth of the nation’s capabilities. Her management of JAMPRO and contributions to Jamaica’s economic development will be remembered.”

The Chair of JAMPRO advised that “I will continue to work closely with Diane, who is keen on supporting the process, to ensure a smooth and seamless transition. The role of the President of JAMPRO is vital to nation building and all efforts will be made to source the best talent over the next 3 months.”

The JAMPRO Board, supported by its Human Resource Committee, will immediately begin the process to recruit a new President.

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Corporate Movements

Corporate Movements – February 2024

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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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Businessuite News24

Digicel Group Appointments Rajeev Suri As Chairman Designate

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Digicel is pleased to announce the appointment of Rajeev Suri as Chairman Designate of Digicel Group, the leading digital provider in 25 markets across the Caribbean and Central America.

Rajeev will succeed Denis O’Brien post implementation of the previously announced Restructuring Services Agreement [RSA]. Mr O’Brien will continue to serve on the Board and remain a shareholder in the company.

Implementation of the RSA will see the Digicel shareholder consortium led by PGIM, Contrarian Capital Management, and GoldenTree Asset Management gain a controlling stake in the company. Rajeev will continue to be based in London.

The incoming shareholders of Digicel in a joint statement said; “Rajeev has a proven track record of transformative delivery and with a strengthened balance sheet, we see considerable potential to grow value and profitability at Digicel.”

Commenting, Denis O’Brien, Digicel’s Founder said; “I am delighted to welcome Rajeev as Chairman Designate. Given his impressive track record of delivery over 35 years, I know he will both add value and create value for all our stakeholders. He joins superb local teams across the Caribbean and Central America with whom it has been my privilege to work for over 25 years. He is the ideal leader to deliver on Digicel’s next phase of growth.”

Commenting Rajeev Suri, Chairman Designate said; “I want to thank Gregory Cass, Principal, PGIM, Pat Dyson, Partner, GoldenTree Asset Management, Xiao Song, Managing Director, Contrarian Capital Management, Denis O’ Brien, Digicel’s Founder and all the shareholders of Digicel for welcoming me into the company. Denis has built a fantastic company with leading positions in the markets it serves. I look forward to getting on the road to meet our customers and employees and continuing to strengthen the company’s board and leadership team to take the company forward in this next chapter.”

Mr. Suri has worked in the telecom industry for around 35 years, most recently as Chief Executive Officer of Inmarsat from March 2021 until its acquisition by Viasat in May 2023. He joined Inmarsat from Nokia, where he was President and Chief Executive Officer from 2014 to 2020, having served as Chief Executive Officer of Nokia Siemens Networks since 2009. He was a Commissioner of the United Nations Broadband Commission and served as Chair of the Global Satellite Operators Association (GSOA).

As CEO of Inmarsat, a global mobile satellite communications services company, he delivered record financial performance and provided a successful exit for the company’s private equity and pension fund shareholders.

When at Nokia and Nokia Siemens Networks, Rajeev took a business valued at around €1 billion and increased that to more than €25 billion, creating one of the top two global leaders in telecommunications network infrastructure. He also led the sector’s consolidation, improving the health of the company and the industry.

Previously, Mr. Suri served as co-chair of the digitalisation task force for the B20 and he was also a member of various digital and healthcare committees at the World Economic Forum and is a past recipient of China’s prestigious Marco Polo award. Mr. Suri currently serves as a director of Stryker Corporation, Viasat and Singtel. He holds a B.E. in Electronics and Communications and an honorary doctorate from Manipal University.

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Businessuite Women

Kelli-Dawn Hamilton Appointed CEO of the Jamaica Special Economic Zone Authority (JSEZA).

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Kelli-Dawn Hamilton is the new Chief Executive Officer (CEO) of the Jamaica Special Economic Zone Authority (JSEZA).

Mrs. Hamilton, who assumed office on October 26, will lead the entity into its next phase of growth and development.

She served as the Authority’s most recent Interim CEO.

Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, in his congratulatory statement, said that Mrs. Hamilton will “bring significant experience to the role”.

He noted that she has an acute sense of leadership that will propel Jamaica’s export agenda and attract foreign investments to support the country’s economic growth.

Chairman of the Authority, Chirstopher Levy, expressed his confidence in the new CEO, stating that “we are thrilled to welcome Mrs. Hamilton back to the Jamaica Special Economic Zone Authority”.

“Her proven leadership and strategic insights will undoubtedly accelerate our growth trajectory and reinforce our commitment to delivering exceptional value to our customers and stakeholder,” Chairman of the Authority, Chirstopher Levy

Mrs. Hamilton said she is happy to be rejoining the JSEZA family and looks forward to leveraging the company’s strong foundation and talented workforce to drive innovation and sustainable growth for Jamaica’s special economic zones.

“Together, we will continue to create and build upon the company’s legacy of excellence and reinforce our position as a strategic hub for trade and commerce in the Caribbean Region,” she said.

Mrs. Hamilton has a proven track record and expertise in trade policy, communications and business development and brings to the table a wealth of experience in business advocacy and client relationships, having previously served in various technical and leadership roles at the Jamaica Promotions Corporation (JAMPRO), First Global Bank and the Airports Authority of Jamaica (AAJ).

Her strategic vision, strong leadership abilities, and extensive industry knowledge make her an ideal fit to steer the JSEZA towards continued success and global expansion.

Mrs. Hamilton holds a Master of Science Degree in Comparative Politics and Political Theory from the University of the West Indies, Mona, and has demonstrated her commitment to excellence and leadership throughout her career.

The JSEZA is an agency under the Ministry of Industry, Investment and Commerce charged with driving economic growth through the establishment of special economic zones.

Since its inception in 2016, the company has been at the forefront of foreign and local direct investment attraction within Jamaica’s special economic zone regime.

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