GraceKennedy Ltd-14.12.10
GraceKennedy Limited announced the following upcoming senior management and Board changes to take place in early to middle 2011:
1. Effective July 1, 2011, Mr. Don Wehby will be appointed as Group Chief Executive Officer of GraceKennedy Ltd. and Mr. Douglas Orane, who currently holds the position of Chairman & Group Chief Executive Officer, will assume the position of Executive Chairman.
2. Mr. Erwin Burton, Chief Executive Officer of GK Foods and Director of GraceKennedy Ltd., will be retiring effective February 28, 2011. Mr. Michael Ranglin, who is currently the Chief Executive Officer of Grace Foods UK Ltd. will assume the position of Chief Executive Officer, the GK Foods Division, and will be appointed to the Board of GraceKennedy Ltd. effective March 1, 2011.
3. In keeping with Corporate Governance best practices, it has been agreed that the number of executive Directors will be reduced to five, effective February 28, 2011, and that Mr. Joseph Taffe, Deputy CEO of GraceKennedy Financial Group and an Executive Director, will step down from the Board as at that date while continuing to hold his executive position.
National Commercial Bank Jamaica Limited (SDBG) 10.12.10
National Commercial Bank (Jamaica) Limited has advised the Exchange that on December 7th, 2010, a shareholder connected to a director of the company sold 1,500,000 shares. 10.12.10. National Commercial Bank (Jamaica) Limited has advised the Exchange that on December 9th, 2010, a shareholder connected to a director of the company sold 1,000,000 shares.
Point Lisas Industrial Port Development Corporation Limited (PLD)-10.12.10
PLIPDECO Limited has advised the Exchange that at the 440th Meeting ofthe Board held on December 8, 2010, Mr Charles Percy, Director was appointed Deputy Chairman of Point Lisas Industrial Port Development Corporation Limited ("PLIPDECO") effective 8 December 2010.
The current Board of Directors of PLIPDECO is as follows:-
Brigadier Carlton Alfonso-Chairman
Mr Charles Percy-Deputy Chairman
Mr Haroon Fyzool Awardy-Director
Mr Ibn Llama de Leon-Director
Miss Keisha Manohar - Director
Mr. Prakash Ramnarine - Director
Dr. Dale Sookoo - Director