Jun 2010 Financial News

Farrell quits as OCM CEO

Jun 24, 2010

Group chief executive officer of One Caribbean Media Ltd (OCM), Dr Terrence Farrell, has resigned.

Farrell has ’elected to leave the company with effect from June 30, having decided to devote more of his time on the development of a family-owned business’, OCM chairman Sir Fred Gollop said in a statement yesterday.

’I wish to express the appreciation of the board for the strategic thinking and initiatives which Dr Farrell brought to the organisation over the last two years, which I am sure will continue to benefit OCM in the years ahead,’ Sir Fred said.

’We extend best wishes to him in his new endeavours.’

Farrell joined OCM in June 2008. He previously worked in both the private and public sectors. He was director of research and later deputy governor of the Central Bank from 1992 to 1995.

In the private sector, he was regional manager for an IT services company and group executive director at Guardian Holdings Ltd from 1998 to 2005.

Farrell was president of Business Insight Ltd from 2006 to 2008 and is a director of Republic Bank.

He studied Economics at the University of the West Indies, St Augustine, and at the University of Toronto, where he gained his PhD in 1979.

OCM is the largest and most diversified media organisation in the Caribbean, with businesses in newspapers, radio, television, Internet and new media. It operates in Trinidad and Tobago, Barbados, Grenada and St Lucia.

OCM owns the Trinidad Express and CCN-TV6 in Trinidad and the Nation newspaper in Barbados.

For its first quarter ended March 31, 2010, OCM posted a group profit before tax of $15.6 million.


Source:
Trinidad Express
Thursday June 24, 2010

http://www.trinidadexpress.com/index.pl/nart?id=161704748&weba=NWSNews