Apr 2008 Financial News

Farrell named new OCM CEO

Apr 09, 2008

Former deputy Central Bank governor, Dr Terrence Farrell, is set to become the next chief executive officer of One Caribbean Media Ltd (OCM).

In a press release issued yesterday, OCM chairman, Sir Fred Gollop, confirmed that Farrell will replace incumbent CEO Craig Reynald within the next two months.

Gollop said Farrell's appointment would take effect on June 1, 2008.

Farrell is now the president of Business Insight, a company dedicated to strategy consulting and economic research and forecasting, and will be entering the media field after gaining over 30 years experience in economic research, forecasting, policy analysis and strategy formation.

OCM came into being in March 2006, after an agreement was signed between Caribbean Communications Network Ltd (CCN), parent company of the Trinidad Express and TV6, and The Nation Corporation (Nation) of Barbados, in order to create a publicly owned and regionally focused media company quoted on the stock exchanges of Trinidad and Tobago and of Barbados.

In addition to the Express and TV6, OCM owns or partly owns the Barbados Nation newspaper and the Starcom radio networks in Barbados, and has a majority interest in the Grenada Broadcasting Network (GBN).

OCM posted $88.5 million or just over US$14 million in profits in 2007.

Farrell had served as deputy governor of the Central Bank from 1992 to 1995. Before this, he had also served as the Bank's research director from 1987. He studied economics at the University of the West Indies and the University of Toronto where he obtained his PhD in 1979, and holds an LL.B (London) degree.


Source:
The Daily Express, Page 3
Wednesday, April 9th 2008

http://www.trinidadexpress.com/index.pl/article_news?id=161306129