Dec 2013 Financial News

Guardian Holdings Limited names new Group Chief Executive Officer

Dec 06, 2013

Mr. Arthur Lok Jack, Chairman, Guardian Holdings Limited (GHL) announces the promotion of Mr. Ravi Tewari to the position of Group Chief Executive Officer effective January 1, 2013. He will replace Mr. Jeffery Mack who will retire on December 31, 2013.

Mr. Tewari, who has been with the Group since 1999, has served in an executive capacity since 2000. At present, he is the Group President of Life, Health and Pension business segment responsible for these business lines across the Group’s areas of operations. In addition, he is President of the Trinidad and Tobago based Guardian Life of the Caribbean Limited. An island scholarship winner and a Fellow of the Institute of Actuaries, Mr. Tewari earned his Bachelor of Science in Actuarial Science (First Class Honors) from Cass Business School, England.

In announcing the appointment, Mr. Arthur Lok Jack, Chairman of GHL, said “Ravi brings to the position a combination of wide experience, a strong technical background and a proven record of successfully managing the Group’s largest segment. The GHL Board and I are convinced that Ravi is ready to take on this new challenge. Ravi has all the right qualities to be a successful CEO and to lead the Group’s future growth strategy.”

The Chairman further announces that Mr. Mack will remain on the GHL Board as a non-executive director until the next Annual General Meeting and until such time, he will be available to assist in the leadership transition.

Mr. Lok Jack stated “Jeff has been a great asset for the Group. He brought with him a wealth of international experience and a proven ability to turn around companies. When Jeff joined us in 2009, the world was in deep financial crisis presenting insurance companies with formidable challenges. He led the Group through the ensuing difficult period with great success. He skillfully managed the disposal of our operations in the UK and our asset management company in Jamaica, as well as the expansion of our Dutch and Jamaican insurance businesses. I am pleased that we will continue to benefit from Jeff’s experience on the Board as this will add greatly to a successful transition.”

As part of the executive changes, GHL further announces their plans for the appointment of Mr. Anand Pascal to the position of President of Guardian Life of the Caribbean Limited (GLOC) with effect from January 1, 2014. This change is subject to regulatory approval. Mr. Pascal who joined the Group in 1997, has been Chief Operating Officer of GLOC since 2009. He is a Chartered Certified Accountant and is currently Chairman of the Life Committee of the Association of Trinidad and Tobago Insurance Companies (ATTIC). Mr. Tewari expressed his sentiments on Mr. Pascal’s promotion by stating “Anand brings with him both financial and operational experience to his new position. He will make an excellent leader of GLOC.”

Arthur Lok Jack
Chairman – GHL
December 6, 2013


Source:
The Trinidad and Tobago Stock Exchange Limited
Friday December 6, 2013