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Financial News

Aug 2009 Financial News

Grant no longer Angostura CEO

Aug 27, 2009

Rum producer Angostura Ltd is now without a chief executive officer.

CEO and managing director Iain Grant is no longer with the Laventille-based spirits maker, sources close to the company confirmed yesterday.

Grant, who was appointed CEO last July, spent his last day at Angostura on Tuesday.

No reason was given officially for Grant's departure from the company.

Foreign-born Grant worked in Scotland and spent years at Angostura as a marketing executive before he was assigned the CEO's position last year.

Angostura is owned by the CL Financial conglomerate. CL chairman Dr Shafeek Sultan-Khan and another board member visited Angostura and reassured staff members that the company will continue to operate normally following Grant's departure, sources told the Express yesterday.

Angostura has delayed its financial statements for 2008 because of a number of inter-party transactions between itself and CL Financial.

Trading of shares in the company was recently suspended on the Trinidad and Tobago Stock Exchange until the company submits its financial results.

Angostura executives could not be immediately reached for comment yesterday.

Article by: Curtis Rampersad Business Editor
Source: Trinidad Express
http://www.trinidadexpress.com/index.pl/article_business?id=161523511
Date Published: Thursday, August 27th 2009