May 2012 Financial News

Esau stepping down from OCM board

May 18, 2012

Business executive Joseph Esau, a long-standing director of One Caribbean Media Ltd (OCM) and chairman of its subsidiary Caribbean Communications Network Ltd (CCN), has announced he will shortly relinquish his position on the OCM parent board of directors.

He will continue as chairman of CCN, owners of the Express and TV6, OCM said in a statement yesterday.

He will also cease to be chairman of the Grenada Broadcasting Network Ltd and a director of Starcom Network Inc, subsidiaries of OCM.

Last month, Esau stepped down as chairman of Prestige Holdings, the local franchise holder of KFC, Pizza Hut, TGI Friday's and Subway, but remains a member of that board.

He also continues to be chairman of Agostini's Ltd and a director of Grace Kennedy Ltd and the Arthur Lok Jack Graduate School of Business.

Esau said yesterday he made this decision to achieve better balance in his activities.

Last week, two new members, Peter G Symmonds, QC and attorney Faarees Hosein were elected to the board of directors of OCM.

Symmonds has served as a director of a number of listed companies including Barbados National Bank, Barbados Shipping and Trading Co Ltd and United Insurance Co Ltd.

Hosein, an attorney at law, has been in practice since 1988 in Trinidad and Tobago and has been involved in representing and advising media houses in defamation and matters related to media law.


Source:
Trinidad Express
Friday May 18, 2012

http://www.trinidadexpress.com/business/Esau_stepping_down_from_OCM_board-151981875.html