Hardware & Lumber Ltd (HL) advises that Mr. Rodney Davis has resigned from the Board and Audit Committee of HL effective October 9, 2012 and that his resignation from the audit committee was in no way related to any disagreement in respect of accounting principles or practices
Radio Jamaica Ltd advises that at a Board Meeting held on September 26, 2012, Ms. Minna Israel, Ms. Nadine Molloy and Mr. Peter Chin were appointed to the Board of Directors of the Company
Gregory Burrowes of Dolphin Cove Limited was re-elected for a second term as president of the Association of Jamaica Attractions (AJAL). Fabia Lamm of Green Grotto Caves was elected first vice-president; David Shields of Island Routes Caribbean Adventure Tours as second vice-president; Althea Bryan of Blue Mountain Bicycle Tours as treasurer; Norma Bailey-Moore of Mystic Mountain as company secretary; and Andre Dixon of Jimmy Buffett’s Margaritaville, Venella Pasmore of Five Star Water Sports, and Mandy Sprague of Colorful Jamaica as directors. The AJAL annual general meeting was held on September 22.
Jamaica Broilers Group Limited has advised that Mr. David Mair, Vice-President Marketing and Sales, has resigned effective September 28, 2012.
On September 12, 2012, FirstCaribbean International Bank Limited advised that Mr. Rolf Phillips, Managing Director of Retail Banking and Small Business, went on early retirement which took effect immediately. Mr. Phillips was replaced by Mr. Daniel Farmer, Managing Director of the Barbados Business. Mr. Mark St. Hill, the Director of International Wealth, has been appointed as the new Managing Director of the bank`s Barbados business.
Sagicor Life Jamaica has made a change to its management team following the resignation of Vice President for Group Marketing, Tanya Miller. The company has advised that Group Marketing Manager, Ingrid Card, will be promoted to Assistant Vice President for Group Marketing effective October 1. She will take up duties a day after Miss Miller’s resignation takes effect.
LIME has advised that on September 10, 2012, Ms. Karlene Sutherland assumed the post and duties of Chief Financial Officer of LIME`s Jamaica and Cayman business units. Mr. Sanjiv `Sunny` Dehiri remains employed to the company until his contract expires on October 31, 2012. LIME indicated that the change of role was not related to any disagreement in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting same.
FirstCaribbean International Bank Limited has advised of the following appointments on September 10, 2012: Mr. Brian Lee has been named as the Bank`s Chief Financial Officer following the resignation of Ms. Kiyomi Daniel. Mr Lee will join the bank early in 2013. Mr. David Whitcroft has been named Group Treasurer effective October 1, 2012 as successor to Mr. Richard Rice. Most recently Mr. Whitcroft has been Director, Offshore Treasury & Investments.
Tanya Miller has resigned from PanCaribbean as vice-president of group marketing after six years to “pursue a new opportunity”. She leaves the company officially on September 30. Miller joined Pan Caribbean Financial Services’ marketing division in 2006 and was promoted to her current role as vice-president of group marketing for Sagicor Life Jamaica and PanCaribbean after a restructuring and merger of marketing functions across the Sagicor Jamaica Group.Miller has worked in marketing for more than 17 years.She ran a unit of 11 persons spanning both PanCaribbean and Sagicor, whose main offices are in walking distance of each other in the New Kingston business district. Her job also included brand and new product development.
Lasco Distributors Ltd Announces the Promotion of Peter Chin to General Manager – Lasco Consumer Division and the Resignation of Jacqueline Johnson, Chief Financial Officer and General Manager – Pharmaceuticals Division.
Pegasus Hotels of Jamaica Ltd Advises of the Resignations of Jacqueline Hendrickson and Lance Hylton from the Board of Directors and the Appointments of Nejma Jackie-Douglas and Nicola Madden Greig
Lascelles, deMercado & Co Ltd Announces the Respective Retirements of Group Managing Director William McConnell and Group Finance Director Anthony Bell, Both Effective June 30, 2011
Supreme Ventures Ltd Advises that Mr. Stephen Castagne Tendered His Resignation from the Board of Directors of the Company on March 25, 2011
Cleveland Thomas has resigned as the Chief Executive officer (CEO) of the National Information and Communication Technology Company Limited (iGovTT).
Sir Fred Chairman One Caribbean Media Limited announced that Dawn Thomas assumed office as OCM chief executive on January 1 this year. She succeeded Dr Terrence Farrell.
Scotia DBG Investments Limited (SDBG) has advised that Mr. Anthony Woodward has resigned from the Board of Directors of SDBG effective February 28,2011.
GraceKennedy has advised that Mr. Michael Ranglin has been appointed to the Board of GK and as CEO of GK Foods Division effective March 1, 2011.
Michael Neff is the new executive vice president, head of group asset management for the Bank of N.T. Butterfield. Mr. Neff has nearly 25 years experience in financial services, having held senior roles in wealth management client services and business development functions. He will be on Butterfield’s executive team and will report to Bradford Kopp, Butterfield’s president and CEO. Mr. Neff will serve as head of Butterfield Asset Management in Bermuda and have overall responsibility for the group’s asset management businesses located in Bermuda, the Cayman Islands, Guernsey and the UK.
Adam “Tony” Rankin has been appointed general manager of Hurley’s Marketplace Grand Harbour. He succeeds Raul Mena, who was general manager for the past five years and has returned to his home in Costa Rica.
Mr. Rankin started work at Hurley’s Eden Centre, Walkers Road in 1993 as a stocker/warehouse associate. In 1996 he was promoted from night manager to assistant manager to Manager Billy Preston.
In 1998, Mr. Rankin became manager of the Eden Centre store.
Caledonian Group has appointed Conor Jennings to director in Caledonian Trust Cayman Ltd and Caledonian Director Services Ltd. Mr. Jennings, also the managing director of Caledonian Insurance Services, joins directors David Walker and Bernard McGrath in leading the Cayman office Fiduciary Services team.
He will take on the responsibility of guiding the continued growth of Caledonian’s Fiduciary Services division, developing existing relationships and exploring opportunities in international markets, especially Asia where he lived for over 15 years.
Republic Bank Ltd has appointed Kristine Thompson to the bank’s board of directors, effective February 1. Thompson replaces George Leonard Lewis, who retired from the board after 27 years, the bank said in a statement. Thompson is the chief executive officer of Canboulay Energy Capital and vice president, Strategic Business Development at CariSal Unlimited. Canboulay Energy Capital is a Caribbean-based private equity energy fund, owned by Denham Capital Management—a US-based private equity fund manager.
First Caribbean International Bank Limited (FCIB) has advised that Ms. Francesca Shaw has resigned as Chief Financial Officer effective February 11, 2011. The Board of Directors has appointed Ms. Kiyomi Daniel as the Interim Chief Financial Officer effective the date of Ms. Shaw`s departure. FCIB also advised that Mr. Peter Steenveld has resigned as Chief Marketing Officer effective January 31, 2011.
Samuel Coates Founder, President and CEO, Coates Logistics Limited,
recently elected President of the Young Entrepreneurs Association (YEA), a non-profit organization mandated to support young people.
Cable & Wireless Jamaica Ltd Appoints Senator Kamina Johnson Smith as Corporate Secretary Effective March 1, 2011 to Replace Camille Facey
Rudolph Hayden Singh, the managing director of Courts has died. Singh, who was affectionately called Hayden passed away peacefully in his sleep early this morning in Miami. Hayden who turned 60 on January 6, was born in Georgetown Guyana. He joined the Courts family in 1992 as operations director. After a four-year stint, Hayden was promoted to deputy managing director and in 2000, he assumed the position of managing director.
At a Board of Directors meeting of Carreras Limited held on February 9, 2011, the following appointments were made: i) Mr. Michael Bernard , a member of the Audit Committee; and ii) Mr. Christopher Burton, a member of the Nomination and Compensation Committee.
GraceKennedy Limited has advised of the resignations of Messrs. Joseph Taffe and Erwin Burton from the Board of Directors of GraceKennedy Limited with effect from February 28, 2011 the date of their retirement from the company.
Jamaica Livestock Association has advised that Mr. Henry W. Rainford was elected to serve on the Board of the company at a Board of Directors’ Meeting held on February 8, 2011.
Monique Todd, marketing executive at Scotiabank has been promoted to vice-president, marketing, public and corporate affairs. In her role, Todd will have the responsibility for formulating and directing the group’s strategy to improve brand, group position and portfolio growth. With over 13 years experience, Todd will also direct the internal and external marketing communications programmes for the group. George Roper, former deputy executive director of the Financial Services Commission, was taken on as vice-president, compliance.
The Scientific Research Council (SRC) has appointed Dr Chadwick Anderson as executive director.His appointment took effect in January, and was made public in a notice in the paper on Sunday, February. Anderson replaces Dr Audia Barnett, who resigned in September last year to take up an overseas assignment.
Pan Caribbean Financial Services Limited has advised that Mrs. Nichole Case has been appointed to the post of Assistant Vice President, Information Technology, effective January 1, 2011.
The Jamaica Public Service (JPS) is on the hunt for a new director of external affairs to replace Frank ‘Tony’ Ray, who goes into retirement by the second quarter of this year, but will ‘retain a link’ with the company as special adviser to the office of the president and chief executive officer (CEO), Damian Obiglio.
William Rodgers has been appointed to act as general manager for Air Jamaica, replacing Howard Hall who quit on Monday, after just seven months in the post.
Hall, formerly Air Jamaica’s vice-president for finance and technology, was named general manager last July at the end of the contract of former president and CEO, Bruce R. Nobles.
Director General of the Maritime Authority of Jamaica, Rear Admiral Peter Brady, has been re-elected for 2012 to chair the Standards of Training, Certification and Watchkeeping (STCW) Sub Committee of the International Maritime Organisation (IMO).
The election took place at the 42nd session of the STW Sub Committee at the IMO headquarters, in London, on January 27.
The IMO’s Sub Committee deals with rulemaking and legislation relating to the Standards of Training, Certification and Watchkeeping Convention (STCW) and STCW Code which was amended last year at a Diplomatic Conference in the Philippines.
Rear Admiral Brady was nominated by the Philippines, seconded by Chile and supported by member States, including India, Malta, Marshall Islands, Panama, Singapore, South Africa, the United States of America, Spain, The Bahamas, Mexico, Ghana, Indonesia. He was elected unanimously by the meeting, which had over 400 delegates from member States party to the STCW Convention, Associate members, intergovernmental organisations and Non-Governmental Organisations (NGOs).
Seven months after being promoted by the new owners to be general manager of Air Jamaica, Howard Hall, has quit with no formal announcement and no reason being given for his departure.
“Monday was his last day,” said someone in Hall’s office when this newspaper called for him by telephone at Air Jamaica’s office at Harbour Street Kingston yesterday.
Other sources confirmed that he had left the job, but could not formally comment on the issue as they had no authority to do so.
He was the fourth person to hold the top executive job at Air Jamaica in the past five years, although in Hall’s case his title suggested a downgrade from the president/CEO of his predecessors and, in the case of Shirley Williams, executive chairman.
Up to late yesterday Air Jamaica’s senior managers were meeting with George Nicholas, the chairman of Caribbean Airlines Ltd (CAL), the Trinidad and Tobago state-owned airline that acquired the loss-making Air Jamaica last year.
Cable & Wireless Caribbean (C&W) has cut three of its very senior executives and Barbadian vice-president Donald Austin is among them.
Cable& Wireless is describing this latest move as a “realignment of the management team”. In Jamaica, the company has had five CEO’s in less than ten years with Gary Sinclair and Chris Dehring now at the helm.
Former First Caribbean International Bank (Jamaica) Managing Director, Milton Brady who moved to LIME and was based in Barbados as Chief Commercial Officer has been let go by the telecoms operator. Henry Reid, another Jamaican who was executive vice-president with responsibility for human resources also got the chop. He operated from Kingston,Jamaica.
All three reported directly to David Shaw, LIME’s CEO based in Jamaica. When Shaw was appointed in 2009, the British citizen’s main responsibility was to “lead the strategy to transform the Caribbean business”.
It is understood that all three executives received handsome separation packages.
After four years as deputy managing director, Christopher Barnes moves into the top job at The Gleaner Company come February 1.
Oliver Clarke, The Gleaner Company’s managing director, yesterday announced that he was stepping down on January 31 to be replaced by Barnes.
But Clarke, who has served as the company’s managing director for 34 years, remains as chairman of the board of directors.
“I will still be around and will be doing duties that Chris (Barnes) and I have agreed on,” said Clarke as he thanked the staff for their support and friendship over the years.
Access Financial Services Limited has advised that Marsha Palmer and Andrew Donaldson are no longer employed to Access Financial Services Limited. The senior managers are:
Marcus James: – Chief Executive Officer
Catherine Thomas – Operations Manager
Sarah Williams – Chief Accountant
Tresia Beckford – Senior Human Resources Officer
Norman Christie succeeds Riley as regional president, Trinidad, which is the new title for the heads of BP’s exploration and production business units.
Jamaican-born Christie, currently bpTT’s chief financial officer, has been a member of the bpTT leadership team since 2005.
Over the past five years in the Trinidad business, Christie has been instrumental in leading bpTT’s safety and performance and has contributed significantly to the consistent delivery of business results, bpTT says.
Christie’s appointment took effect on January 1.
Joseph Taffe, one of GraceKennedy Limited’s most reliable fill-ins for posts in transition, will be retiring next month, his company has advised.
Taffe holds the title of deputy chief executive officer of the GraceKennedy Financial Group and he is also an executive director of GraceKennedy.
His retirement is effective February 28. His transition is the most recent of the management changes announced by the conglomerate since December.
The CEO of GK Food will also retire next month; and Douglas Orane will give up the title of group CEO to Don Wehby in July, but will remain as executive chairman up to his retirement in December 2012.
GRACE Silvera is the new face of LIME in the role of regional vice-
president for marketing and communications announced by the telecommunications company. She immediately assumes responsibility for marketing and communications in all of LIME’s 13 markets in the Caribbean. Silvera, who spearheaded Red Stripe’s highly successful export drive as the Diageo-owned company’s first Jamaican international marketing director, takes over a position created from the merger of the marketing and communications portfolios.
Dianne Bissoon, a native of Trinidad and Tobago who has been named vice-president, television and entertainment services.
LIME said the appointments signalled its thrust to strengthen its marketing structure “as the company moves even more aggressively to reinforce its position as the Caribbean’s leading telecommunications provider”.
Chief marketing officer, LIME Caribbean, Chris Dehring said Silvera was
among Jamaica’s most accomplished senior marketing and communications executives, bringing to LIME over 25 years of extensive expertise in international marketing, communications, public relations, events marketing, customer service, and most recently public sector leadership.
“We are confident that LIME will benefit significantly from her expertise,” said Dehring. He added that as “a transformational and results-oriented executive, she brings to each role an infectious passion and a natural inspirational leadership style that mobilises teams around achieving both business and personal goals”.
GARY Osborne has been appointed group treasurer for Sandals Resorts International and the ATL Group. He assumed the position on January 3, reporting directly to David Davies, the Group’s chief financial officer (CFO).
Osborne, who was CFO of Jamaica Public Service (JPS) from 2006 to mid- 2010, has an extensive background in finance with both local and international experience spanning over 23 years. He is known for delivering exceptional results along with strong financial management and guidance.
Albert Gordon, the vice president in charge of project implementation, has been appointed interim president of the National Water Commission (NWC) in Jamaica. Gordon’s appointment follows the retirement of E G Hunter who had served the Commission for almost four decades in a variety of positions culiminating in the presidency.
Attorney Alfonso new First Citizens chairman
Attorney Nyree Alfonso is the new chairman of State-owned banking group First Citizens.
The Ministry of Finance yesterday announced it had appointed Alfonso and the new board of directors for the First Citizens Group on Monday at the Ministry of Finance, Port of Spain.
The boards appointed were the First Citizens Holdings Company, First Citizens, and First Citizens Asset Management Company.
Less than one year after the appointment of a new board to direct the affairs of the Jamaica Dairy Development Board, the man at the helm since 1999, Dr Paul Jennings, has thrown in the towel and will demit office later this week.
Jennings cited what he described as “intolerable frustration” in the attempt to cobble together financing for the activities of the board, which is expected to operate as a statutory body creating an internationally competitive domestic milk-producing sector.
David Hall and a Canadian partner are ploughing J$170 million into an upmarket corporate entertainment lounge that pampers travellers, scheduled to open at Jamaica’s two airports. Hall, a former executive with the Digicel Group, and his partner Carlos Moleon have formed a company called VIP Attractions to operate the service.
Banker Christopher Denny is now vice president, global transaction services at Citi Trinidad (formerly Citibank NA).
Denny, who resigned as director retail, wealth & small business at FirstCaribbean International Bank, based in Kingston, effective December 31, 2010, said his three years at FirstCaribbean taught him a lot about “banking and leading highly skilled and highly motivated teams of people to achieve aggressive targets.”
National Commercial Bank (NCB) has announced the resignation of board member Donovan Lewis
In a release to the Jamaica Stock Exchange on Thursday, NCB announced that Lewis resigned as a director of the company, NCB (Cayman) Limited, NCB Capital Markets (Cayman) Limited and NCB Remittance Services (Cayman) Limited, effective January 1, 2011.
The firm advised has advised that Lewis was a member of the Audit Committee but his resignation was “…not due to any disagreement in respect of accounting principles or practices, financial disclosure or any other material issue impacting on the Audit Committee, or his ability to properly carry out the functions, delegated by the Board.”
Jamaica Public Service Co Ltd (JPS) has advised that Richard Mukhtar, who was previously appointed as an Alternate Director, has been appointed to the Board of Directors of the Company effective October 01, 2010 consequent on the resignation of Thomas Samson from the Board on September 30, 2010. John Rachford has been appointed as an Alternate Director to Seiji Kawamura effective October 01, 2010.
Stephen Price, former World Cup commercial director, and who, up until recently, held a senior post at Digicel, has joined LIME Caribbean in St Johns, Antigua.Price took up the position of manager, special projects LIME Caribbean’s Commercial and Marketing team on Monday. He will be based in Antigua and will be managing special assignments in the Eastern Caribbean. Price, who has some 14 years experience in the Telecoms industry, holds a Bachelor of Business Management degree from the University of Technology in Jamaica.
Cable & Wireless Jamaica Ltd (CWJA) has advised that Geoff Houston will demit office as Managing Director with effect from October 01, 2010 and will
be replaced by Garfield Sinclair, a Jamaican national. Houston will be leaving the Jamaica business to head up a Mergers & Acquisitions Team dedicated to assessing expansion opportunities and expansion implementation for CWJA in the Caribbean. Sinclair will now lead the Jamaica and Cayman businesses effective October 01, 2010.
Scotia DBG Investments Ltd (SDBG) has advised that Lissant Mitchell will be appointed as Chief Operating Officer (COO) effective October 01, 2010.
Desnoes & Geddes Ltd (DG) has advised that at the Board of Directors meeting held on September 17, 2010, the following Directors were
appointed/resigned to/from its Board: Appointments: Gary “Butch” Hendrickson, Oliver McIntosh, Jed Dyer, Alberto Gavazzi. Resignations: Allan Hood, Richard Coe
SAGICOR Life Jamaica (SLJ) has announced the appointment of William Lucie-Smith, a retired PriceWaterhouseCoopers partner in Trinidad and Tobago, to its board of directors.
A citizen of Trinidad and Tobago, Smith has been an independent director of Sagicor Financial Services (SFC), the parent company of SLJ, since June 2005. He was elected a director of the Barbados-based Sagicor Life Inc in 2005 and is also a director of Sagicor USA, Sagicor at Lloyd’s, and a number of other subsidiaries within the Group. He holds an MA from Oxford University and is a chartered accountant.
Dr Nigel Clarke who serves as Chief Operating Officer of the Musson Group is to be appointed to sit on the Board of Directors of the Bank of Jamaica, Sunday Finance understands. Clarke who recently stepped down from the Board of NCB has a stellar reputation in corporate Jamaica and has been tipped as one to watch from the new generation of corporate leaders.
The Board of Lascelles, deMercado & Co Ltd (LAS) has advised that Alison Lewis resigned from the Board of Directors effective immediately.
National Commercial Bank of Jamaica Ltd (NCBJ) has advised that Dr. Nigel Clarke resigned as a Director of NCBJ, effective September 17, 2010.
Commissioner of Police Owen Ellington has appointed Angela Patterson as Director of Corporate and Special Services. Patterson’s appointment is effective from September 1. She will be responsible for all
finance human resources, information and communication technologies, as well as procurement functions. Patterson is expected to be the single point of accountability to the commissioner for these areas releasing the former holders of these portfolios for concentration on core policing activities. As the former chief executive officer of the Creative Production and Training Centre (CPTC) and other executive assignments, Patterson brings significant management experience to her new role. She has held previous management positions in the media, and information technology industries in both the public and private sectors.
First Global Bank has announced two new appointments to its senior management staff, promoting Lakishma Thomas to branch manager for the Mandeville branch, while appointing Noel Barker as branch manager for its Liguanea operation. President of First Global Bank, Maureen Hayden-Cater, herself recently appointed in the post.
Jason Corrigan, commercial director for Digicel Jamaica, is pleased to announce Brian Bennett-Easy as the acting head of business. In this role, Brian will have overall responsibility for providing day-to-day leadership to the Digicel Business Jamaica team.
Peter Reid formerly of Bank of Nova Scotia (BNS) is the new senior vice-president and chief operating officer at Victoria Mutual Building Society. Reid assumed his post on September 1. Reid replaced Hugh Reid who resigned from the post in April. Reid served as a senior officer at BNS for 10 years and as one of two district vice-presidents, providing sales and service strategic leadership for half the branch network.
Kingston Properties Ltd (KPREIT) has advised that at its Annual General Meeting (AGM) on September 9, 2010 the Shareholderes voted to add two new Directors, Lisa Gomes and Peter Reid to its Board of Directors.
FirstCaribbean International Bank (Jamaica) Ltd (FCIBJ) has advised of the appointment of Mario Watts as Country Treasurer effective September 1, 2010.
Danny Roberts, former vice-president of the National Workers Union (NWU) and its affiliate, the Union of Clerical, Administrative and Supervisory Employees, has resigned from that organisation. Roberts, known throughout Jamaica as an outspoken advocate of the working class, confirmed that he has stepped away from the NWU after spending 24 years at the organisation. The resignation takes effect at the end of the month. “I am going to explore other areas in the field of industrial relations,” Roberts said.
Monique Todd former senior marketing manager is now vice-president marketing, public and corporate at Scotiabank Jamaica taking over from
Heather Goldson, former Senior Vice President, Marketing & Products who is now assigned to The Bank of Nova Scotia, Canada, as Regional Marketing Director, English Caribbean, effective May 31, 2010. Goldson will report directly to BNS, Canada.
Island Entertainment Brands (IEB), which operates the Margaritaville franchise in Jamaica and the Caribbean revamped its management structure, adding a new vice-president of operations, Stephen Deere, and a chief financial officer, Roland Clarke – two professionals intended to help position the company for expansion.
Former Prestige Holdings chief executive Dane Darbasie has been named as the franchise holder for Wendy’s, in Trinidad which signed a long-term restaurant development agreement earlier this month that will give the US fast-food company significant presence throughout the Eastern Caribbean. Darbasie has 17 years restaurant industry experience, including serving as chief executive officer and director of Prestige Holdings, a publicly traded restaurant management company for 12 years.
Businessuite understands that Joseph Oates is no longer with Claro Jamaica. Joseph was up to recently the Marketing Manager for the company left Claro Jamaica to pursue personal business interests. He will be replaced September 1 by Latoy Williams, whose title will be media manager. Oates was an assistant brand manager for Guinness before he moved to Claro. He has forged a partnership with Delon Reid of Brownstone Entertainment to start his own consultancy firm, Brownstone Marketing.
Jamaica Broilers Group Jamaica Limited has advised that Mr. Hirlie Williams has retied as a director from the Board of Directors of the Company effective July 30, 2010.
LIME has announced that Emerson Hewitt has been appointed vice president of imagineering and product development for LIME Caribbean.
Chief marketing officer (CMO) for LIME Caribbean Chris Dehring, said: “Emerson’s wide and varied experience in the business has given him an almost 360 degree view of our business and the telecoms industry and gives him a unique perspective from which to deliver in his new role. We are very excited at the possibilities”.
LIME’s imagineering team is charged with the responsibility of creating solutions outside of the boundaries of “what is”, according to LIME, and engineering the applicability of those solutions that are on the leading edge of technology.
Former CVM Communications CEO, David McBean will in September head to Barbados to take up the post of managing director of LIME customer solutions. In a press statement issued by LIME, the telecom said “David (McBean) will lead LIME’s product management team and will be accountable for product strategy, product planning and management and our regional delivery of customer/product solutions”.
“David and the product management team will work in collaboration with the business units and the customer segments, marketing and the project management office in the design, delivery and lifecycle management of products and solutions for our customers,” added the release.
McBean will report directly to Milton Brady, chief commercial officer, when he takes up the position on September 8, 2010.
GraceKennedy Ltd (GK) has advised that Mark Golding has been appointed a Director of the Board of GK with effect from July 29, 2010.
The Boards of Directors of Scotia Group Jamaica Ltd (SGJ) and The Bank of Nova Scotia Jamaica Ltd (BNSJ) have advised that Pasquale Minicucci has resigned from their respective Boards effective August 1, 2010.
Lascelles, deMercado & Co Ltd (LAS) has advised that Andrew Mitchell was appointed to the Board of Directors with immediate effect by a resolution passed by the Board on July 28, 2010.
The Bank of Nova Scotia Jamaica Ltd (BNSJ) has advised that Heather Goldson, Senior Vice President, Marketing & Products has been assigned to The Bank of Nova Scotia, Canada, as Regional Marketing Director, English Caribbean, effective May 31, 2010. Goldson will report directly to BNS, Canada.
The Board of Directors of Hardware & Lumber Ltd (HL) has advised that Grace Silvera and Andrea Coy were appointed members of the Board of Directors of the Company with effect from July 26, 2010.
Mr. Courtney Campbell, Chief Executive Officer, GraceKennedy Financial Group Ltd. (GKFG), is pleased to announce the appointment of
Mrs. Maureen Hayden-Cater to the position of President, First Global Bank Ltd., effective August 1, 2010.Mrs. Hayden-Cater brings to First Global several years of divers e banking experience, gained during her twenty-two year tenure at Citibank N.A. Jamaica. She has served in a number of executive positions, which include Global Transaction Services & Commercial Bank Head, Risk Management Head, and Head of International Trade Finance. She also served as Corporate Bank Head and Country Risk Manager in Tegucigalpa, Honduras, for four years. A graduate of the University of the West Indies, Mona, Mrs. Hayden-Cater holds a Master of Science degree in Economics, specializing in Quantitative Economics and Econometrics, and a Bachelor of Arts degree in Economics and Mathematics
Carreras Ltd (CAR) has advised that the Board of Directors accepted the resignation of Leonardo Morales on July 19, 2010 and appointed Alan Davy a Director of the Company effective July 20, 2010.
The Bank of Nova Scotia Jamaica Ltd (BNSJ), Scotia Group Jamaica Ltd (SGJ) and Scotia DBG Investments Ltd (SDBG) have advised that Miss Muna Issa has resigned from their respective Boards effective July 19, 2010.
Security company KingAlarm Services Limited has added former crime fighter to its board of directors. Shields, who has three decades of policing experience, worked with Scotland Yard in the United Kingdom before coming to Jamaica to take up a job as Deputy Commissioner of Police. He has since retired from policing after five years in the latter position, and formed his own company – Shields Crime and Security Consultants. John Azar, managing director of KingAlarm, said Shields has “a critical understanding of crime and security-related matters in Jamaica”, and can offer strategic direction as his company positions for further expansion locally and throughout the Caribbean.
PricewaterhouseCoopers Jamaica has named Paul Williams a partner, assigned to assurance services, with particular emphasis on external audit, leveraging his primary expertise in the financial services industry. PwC Jamaica now has 15 partners. Williams has been at PwC since 1993, joining the firm in the year after his graduation from the University of the West Indies, Mona, where he studied accounting.He “progressed rapidly” in the assurance team to become a director in July 2005, said PwC. During those 12 years, he also obtained an MBA from the Manchester Business School in the United Kingdom.
Harry Smith is back at Digicel Jamaica, but this time as a director of the board, the company said on Friday. Digicel also confirmed that Niall Sheehy, the head of Digicel Business, was moving on.Sheehy’s current five-year contract comes to an end in September.”Yes, I will be leaving at the end of my contract in September. I met with the team and advised them of my decision, but I will take a few weeks to review my next move,” he told Sunday Business.However well placed sources have told Sunday Business that the Digicel executive is heading for Flow Jamaica.
LIME Caribbean has appointed Lawrence McNaughton to run its Windward Island businesses, working out of St Lucia. McNaughton, a Jamaican, has worked with LIME for 30 years, rising to the position of executive vice- president in the regional operation. He was in charge of carrier services and wholesale business across the Caribbean up to November 2009.
Kingston Wharves Ltd (KW) has advised that at a Board of Directors meeting held on June 30, 2010, a decision was taken to separate the roles of Chairman and Chief Executive Officer. As such, Derek Jones has been appointed Chairman of the Company effective July 1, 2010 and Grantley Stephenson will continue in the role as Chief Executive Officer.
A statement from the company, which has its headquarters in Trinidad and Tobago, indicated that Farrell decided to devote more of his time to the development of a family-owned business.
Also, at the Special Board Meeting held on the same date, Mr. Donovan Perkins was appointed as the Deputy Chairman.
Lake will be answerable to Nick Parker, Virgin’s regional manager for the Caribbean.
Cool Group of Companies boss Joseph Issa was elected chairman of the Private Sector Organization of Jamaica’s (PSOJ) Petroleum Marketing Committee, replacing the outgoing Winston Ormsby, who served for the past two years.
The Committee comprises petroleum marketing companies in Jamaica including Chevron/Texaco, Cool Oasis, Cool Petroleum Ltd (operators of the Shell branded stations), Epping, Gas Products Limited, IGL Limited, Jampet, Petcom, and Unipet.
Issa brings to the position a wealth of knowledge and experience in the industry. He entered the petroleum trade in 1995 with a single outlet of Cool Oasis, and has expanded the franchise to over 80 outlets today.
Jamaica Livestock Association Ltd has advised that Steven Fong Yee has been appointed Vice Chairman at a board of directors meeting held April 20, 2010.
DEPUTY executive director of the Financial Services Commission (FSC) George Roper will be leaving the regulatory body by the end of August, a source close to the FSC has disclosed. Roper, who has been with the FSC since its inception August 2001, will take up the position as VP of Compliance with Scotiabank Group Limited when he vacates the position at the FSC, the source said.
Sagicor Life Jamaica has appointed former Jamaica Employers’ Federation (JEF) CEO Jacqueline Coke Lloyd to its Board of Directors.
The appointment became effective March 25, 2010. Coke-Lloyd brings more than 25 years of experience in the corporate world. Her areas of expertise include general management, human resource management and industrial relations.
Hugh Reid has been appointed general manager of Scotia Jamaica Life Insurance Company (SJLIC), filling a vacancy created last October by the promotion of Jacqueline Sharp to chief financial officer of the Scotia Group. His appointment took effect May 3. Reid was recruited from Victoria Mutual Building Society where he was chief of operations.
The Bank of Nova Scotia Jamaica Ltd and Scotia Group Jamaica Ltd have advised that Richard Waugh has resigned from the Boards of Directors effective April 30, 2010.
FirstCaribbean International Bank (Jamaica) Ltd has advised that Clovis Metcalfe will be retiring shortly as Managing Director of the Company.
Clovis Metcalfe has only been in the job for 15 months, but he will soon be handing over control of FirstCaribbean International Bank Jamaica Limited and heading into retirement, the bank said.
No successor has yet been identified for Metcalfe, whose departure from the bank was disclosed to the market in recent filings. It comes in the midst of changes within the regional banking powerhouse, which has already shuffled leaders in its markets in Barbados and OECS, and Trinidad.
FirstCaribbean group chairman Michael Mansoor said the hunt was on for a new head for the Jamaican operation.
“We are looking for someone and hope to find a replacement by later this year,” said Mansoor who is also chairman of the Jamaican operation.
The post of managing director and senior coverage officer, Jamaica, is now being advertised on the parent company’s website, along with several other posts for its regional offices.
Scotia DBG Investments Limited has successfully recruited two of Jamaica’s top investment strategists, Dr Adrian Stokes and Jason Morris, trumping efforts by Victoria Mutual who had been after the two men for its team.
The two men, who resigned from Jamaica Money Market Brokers Limited on March 5, were expected at that time to join VM Wealth, the investment arm of the private mortgage entity.
Stokes has been appointed vice-president strategic planning, projects and product development at Scotia DBG Investment, while Morris will join the company as assistant vice-president for product development.
The appointments took effect from March 15, but is still subject to approval from the Bank of Jamaica.
Mr. Peter Melhado, Chairman Pan CaribbeanBank Limited, Kingston Jamaica confirmed the appointment of Mr. Philip Armstrong as Managing Director effective March 1, 2010.
Mr. Paul Hoo, Chairman of the Supreme Ventures Group, Kingston Jamaica announced the appointment of Mr. Georgios to the Board of Directors effective February 28, 2010.
Wehby back in charge of H&L
GraceKennedy Limited’s Group Chief Operating Officer Don Wehby has joined the board of directors of retail subsidiary Hardware and Lumber (H&L) Limited, over which he now has oversight.
Formerly H&L was part of the GK Investments division now run by Courtney Campbell. In a stock-market filing this week, it was disclosed that Campbell would now be focusing “exclusively on the financial services companies within the GK group which fall within his portfolio”.
Wehby, who rejoined the conglo-merate last October following a two-year hiatus from his corporate job to work with the Jamaican Government, ran GK Investments up to his secondment and had responsibility for H&L.
Wehby joined the H&L board on February 1, while Campbell has demitted his seat.
Four promotions at Pan Caribbean
Pan Caribbean Financial Services Limited (PCFS) has promoted four of its senior managers, effective January.
Michael Stuart has been appointed assistant vice-president of internal audit at PCFS with responsibility for audit and investigations within the wider Sagicor Group.
Hope Wint, who has been with the company since 2004, is now assistant vice-president in charge of risk and compliance. She has 16 years’ experience in the financial services industry spanning Treasury, asset management, risk management and compliance.
Sabrina Cooper, who was assistant vice-president for sales and invest-ment services, joins commercial banking subsidiary Pan Caribbean Bank Limited as vice-president of relationship banking.
Cooper has more than 10 years’ experience in investments and financial services
, including five years at Prudential Financial in Coral Gables, Florida, before returning to Jamaica, where she joined the PCFS family. In her new role, Cooper will be responsible for promoting the products of the commercial bank.
Donnette Scarlett has been promoted a notch to vice-president, Treasury, at Pan Caribbean Bank, from assistant VP. Like Wint, Scarlett joined Pan Caribbean through the merger with Manufacturers Sigma Merchant Bank in 2004.
March 5 departure for Stokes, Morris
( l – r ) Dr Adrian Stokes, Jason Morris
Senior strategists Dr Adrian Stokes and Jason Morris having resigned from Jamaica Money Market Brokers Limited, effective March 5, JMMB has confirmed in a stock-market filing.
Lascelles changes directors again
Marlene Sutherland, a director of Lascelles deMercado and Company Limited and member of the audit committee, has indicated that “due to work commitments in her substantive professional role in the United States”, she would not seek re-election to the Lascelles board at the next annual general meeting, the spirits conglo-merate said in a stock-market filing.
Sutherland is due to retire by rotation at the next annual general meeting.
Lascelles also advised that Wayne Yip Choy, Fraser Thornton and Stephen Castagne were appointed to the board on February 1. The appointments cover the two vacancies created by the January 31 resignations of Trinidadian’s Michael Carballo and Steve Bideshi.
Trinidad-appointed Dr Shafeek Sultan-Khan remains as chairman.
YEA selects new executive
Stephen Spence, the chief executive of technology company SMS Communications Limited, was re-elected president of the Young Entrepreneurs’ Association (YEA) at the group’s annual general meeting on January 21.
Other members of the executive include first Vice-President Patrice McHugh of Bars-To-Go Group; second Vice-President Tyrone Wilson of the online business magazine, eZines Limited; secretary, Kimala Bennett of The Business Lab; and treasurer, Ronald Stephenson of IGD Jamaica.
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Grace Stockholders To Vote On 3-for-1 Stock Split Today
Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.
If approved, shareholders will receive three stocks for each one that is currently held.
According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit
He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.
Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.
UK Loses S&P Triple A Rating
The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.
S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.
Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,
Moody’s cut the UK’s credit rating outlook to negative.
Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best
Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.
The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.
Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.
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