Jan 2010 Financial News

Prestige Holdings Limited – Notice of the Appointment of CEO

Jan 19, 2010

The following media release was received from Prestige Holdings Limited:

Prestige Holdings Limited is pleased to announce that effective April 1, 2010, Mr. Charles Pashley will be joining the PHL family as the Group Chief Executive Officer. He will also be a member of the Company’s Board of Directors.

Mr. Pashley holds a Masters in Business Administration, is a Fellow of the Association of Chartered Certified Accountants (FCCA.UK) and currently serves as the Chief Executive Officer of Smith Robertson & Company Ltd., the largest Pharmaceuticals Distributor in Trinidad and Tobago, which represents a number of leading Multi-National Pharmaceutical and Health and Beauty Care suppliers. He has held this position for almost ten years and was responsible for driving the performance of the Company during his tenure, resulting in an impressive growth in sales and profitability.

The Board is confident that Mr. Pashley will bring to Prestige a wealth of experience, knowledge and excitement.

Mr. Charles Pashley succeeds Mr. Dane Darbasie, the Company’s current CEO, who demits office on January 31, 2010, and has served in that position for twelve years. During the transitional period of February/March 2010, Mr. Joseph P. Esau, the Company’s Chairman, will carry out the duties of Chief Executive Officer.

The Company and the Board would like to take this opportunity to welcome Mr. Pashley to the PHL family, and we look forward to a long and mutually successful relationship.


Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday January 19, 2010