Jun 2015 Financial News

FirstCaribbean International Bank Limited - Notice of Material Change

Jun 12, 2015

The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice that at a meeting of the Board of Directors of FCI held on June 12th, 2015, the Board of Directors accepted the resignation of Mr. Rik Parkhill as Chief Executive Officer (CEO) effective December 31st, 2015. At said meeting, the Board appointed a senior CIBC Executive, Mr. Gary Brown, as the new Chief Executive Officer of FCI, effective January 01st, 2016 subject to regulatory and government approvals.

Mr. Parkhill will remain as CEO and continue leading the organisation until December 31st, 2015. A full transition plan for the end of year has been established which focuses on face to face meetings with the new CEO and FCI’s stakeholder groups across the region.

Furthermore, FCI advised of the following changes in the Human Resources function:

• Mr. Neil Brennan has been appointed to the position of Managing Director, Human Resources, effective June 15th, 2015, subject to regulatory approvals. Neil will join the executive team reporting to the CEO.
• Ms. Carolyn Lewis will assume role of Deputy Managing Director, Human Resources. Carolyn has acted as Managing Director for Human Resources for the past six months and has agreed to defer her planned departure from FCI in order to assist in the transition to a new Managing Director Human Resources.

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday June 12, 2015