Jan 2010 Financial News

Two leave Angostura board

Jan 22, 2010

Former CL Financial chief executive Steve Bideshi and former group chief financial officer Michael Carballo have resigned as directors of CL subsidiary Angostura Holdings Ltd, days after they announced their departure from the insurance and real estate conglomerate.

Angostura chairman Dr Shafeek Sultan-Khan yesterday announced the appointments of Wayne Yip Choy and Joseph Teixeira as new directors following a board meeting of the Laventille-based spirits company.

Yip Choy was appointed chief executive last year and becomes the CEO and managing director immediately, the company said in a statement.

Teixeira is a former board member of Neal and Massy Holdings Ltd and worked there for more than 20 years as chairman of the trading and distribution group.

He handled the Cannings and Hi Lo Food Stores brands in Trinidad and other distribution companies in the region including Jamaica, Guyana, Bahamas and Barbados, Angostura said.

Bideshi and Carballo announced their resignations from CL Financial effective January 31.

Carballo remains a director on the CL board.


Source:
Trinidad Express
Friday, January 22nd 2010

http://www.trinidadexpress.com/index.pl/article_business?id=161585400