Feb 2017 Financial News

Angostura appoints new CEO

Feb 16, 2017

ANGOSTURA Holdings Limited (Angostura) has a new Chief Executive Officer (CEO), Genevieve Jodhan. The February 14, appointment was historic, the company noted, because Jodhan is the first woman to head one of Trinidad and Tobago’s largest manufacturing companies outside of the energy sector.

Jodhan has been Acting CEO since September 2016, while her predecessor Robert Wong, was on leave. Wong was then sent on administrative leave in December 2016, after the board was informed of allegations that the company had been repackaging bulk rum from Cuba and South America, without first making substantial changes to the rum, then selling it to export markets.

Commenting on her promotion, Jodhan revealed she was “both humbled and honoured to be appointed Chief Executive Officer.”

“I have been with (Angostura) for close to a decade and my commitment has always been to Angostura’s people, products and values. I am keen to build on the long outstanding achievement of our manufacturing business, through the execution of forward looking business strategies that add to the customer experience, and build on our shareholders’ value.”

Prior to Jodhan’s appointment as CEO, she held the post of Executive Manager of Angostura’s International Sales and Marketing Division. Angostura said Jodhan will lead its “executive management team and support the Board of Directors on the company’s strategic business and growth strategies as well as other key decisions.”

Chairman of the board, Dr Rolph Balgobin, spoke highly of Jodhan’s selection, saying “Genevieve has the experience and track record of delivering results and has proven leadership.”

“(Jodhan) spearheaded our international sales growth increasing market share and sales of our signature rums and bitters in Europe, Asia and Australia and has directed the development of the brands in many emerging markets including Russia, Czech Republic, and Armenia.”

Balgobin also expressed the board’s confidence that “the new CEO would lead and execute Angostura’s vision to expand globally.”

Source:
Sasha Harrinanan
Newsday
Thursday February 16, 2017

http://www.newsday.co.tt/news/0,239889.html