May 2012 Financial News

PHL Notice to Shareholders Regarding Changes to the Company's Board of Directors

May 01, 2012

Port of Spain, Monday 30 April, 2012:

Christian E Mouttet replaces Joseph P Esau as Chairman of the Board of Directors

The Company advises that Joseph P Esau steps down as Chairman of the Board with effect from April 30 2012, and Christian E Mouttet will be Chairman from that date. Both Mr. Esau and Mr. Mouttet have been directors of Prestige Holdings Limited since the acquisition of the Company from Pepsico in 1997.

Mr. Esau will continue as a member of the Board of Directors, and will serve as Chairman of the Corporate Governance and Nominations, and the Compensation and Human Resources Committees.

The Board expresses its appreciation to Mr. Esau for his leadership as Chairman of the Company for the past fifteen years.

Kurt Miller elected as a Director of the Company

At the Annual Meeting of Shareholders held on April 25 2012, Mr. Kurt Miller was elected to the Board of Directors.

Mr. Miller is a Senior Partner and Head of the Commercial Department of Fitzwilliam, Stone, Furness-Smith & Morgan. He joined the Firm in 1986 and has been a Partner since 1992.

His area of specialty is finance, banking, and corporate/commercial transactions. He has acted and continues to act for a broad range of local and international clients in the areas of commercial transactions, structured credit transactions, leverage lending transactions, sovereign and commercial bond issues, mergers and acquisitions, securitization transactions and aviation transactions.


Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday May 1, 2012