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Financial News

Jan 2019 Financial News

GraceKennedy Limited - Notice of Changes to Senior Management

Jan 16, 2019

GraceKennedy Group CEO Don Wehby announced changes at the Senior Management level, which will take effect on April 1, 2019. The changes form part of an ongoing transformation process announced by the company in August of last year. GK will celebrate 100 years in 2022.

GK’s current Group Comptroller, Andrew Messado, will be appointed Group Chief Financial Officer (CFO).

Current GK Group CFO, Frank James, will assume the role of CEO, Domestic Foods Division. He will have responsibility for GK’s manufacturing, distribution and retail markets in Jamaica, spanning Grace Foods & Services, World Brands, Consumer Brands, Hi-Lo Food Stores and GK’s six factories island-wide. Mr James will replace Ryan Mack, who proceeds on retirement in March.

Lee-Anne Bruce will be appointed Chief Compliance Officer for the GraceKennedy Group and will report to the Group CEO.

On the sales and distribution side, Tamara Thompson, current General Manager (GM) for both World Brands Services and Consumer Brands, will be appointed General Manager for Grace Foods & Services (GFS), while Magion Stephenson will be appointed Deputy General Manager. Mrs Thompson will retain responsibility for Consumer Brands Limited, while current General Manager of Hi Lo, Renee Nathan will replace her as GM of World Brands. Mrs Nathan will be succeeded by Cathrine Kennedy, who is being appointed GM for the company’s chain of 13 supermarkets island-wide.

In the overseas market, in addition to retaining his position as President, Grace Foods – Canada, Lucky Lankage will be appointed Chief Operating Officer (COO) for International Foods, and will continue to report to International Foods CEO, Andrea Coy. Mr Lankage will also assume responsibility for Belize, and Latin America and the Caribbean (LACA).

With regard to its Financial Division, in addition to her current role as the CEO of the GraceKennedy Financial Group (GKFG), Grace Burnett will also assume the position of President and CEO of GraceKennedy Money Services (GKMS), which encompasses the brands Western Union (WU), Bill Express and FX Trader. Mariame McIntosh Robinson, President & CEO of First Global Bank, will now report to Mrs Burnett.

Current GKMS Head, Michelle Allen, will retire at the end of March. “Michelle has given loyal and outstanding service to GK for over 20 years, contributing significantly to the growth of the Money Services businesses.

Steven Whittingham will be appointed COO of GKFG, and assumes direct responsibility for GK’s insurance business locally and region-wide, while retaining responsibility for GK Capital Management. Current General Manager of GK General Insurance (GKI), Andrew Leo-Rhynie, will be appointed Managing Director for GK Capital Management, with Chaluk Richards assuming the GM position at GKI. Tammara Glaves- Hucey, whilst retaining her current role at GKI, will also assume the role of GM of GKI Eastern Caribbean.


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday 16 January, 2019