Major management changes likely at Carib Cement

caribcementlogo280x150The shareholders revolt that effectively ousted directors and Chief Executive officer at Trinidad Cement, earlier this week, is likely to have far reaching impact at the company’s subsidiary, Caribbean Cement.
The changes in Trinidad, saw the non-appointment of Caribbean Cement chairman Brian Young, who seems unlikely to win the favours of the new board and is hardly likely to see the new board in Trinidad accommodating him in the critical chairmanship position in Jamaica. Bevan Francis and former CEO of the group Rollin Bertrand also serve of the Jamaican board and are not included in the new board composition at the group level. Christopher Dehring who is now on the TCL board, may well be the man tipped to head the local board, when the time comes for the changes locally. Such changes cannot be far off as the new management in Trinidad, try to unearth whatever facts they their mission to determine the true state of health of the group, may uncover. Judith Robinson who is a former partner of Brian Young at Price Waterhouse could well be getting the axe as well.

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  1. […] Christopher Dehring has been appointed Chairman of the Board of Directors of Caribbean Cement (CCC) Company and its subsidiaries, effective October 14, 2014, a release from the company stated. The appointment is in line with IC Insiders report, that he seems slated for the post following the shake-up of the board of CCC’s parent company, Trinidad Cement. The company also reports that Messers Parris Lyew-Ayee and Dehring have also been appointed members of the Board Audit Committee. After a long running battle between a group of disgruntled shareholders and the former board of Trinidad Cement, the way was cleared for an extraordinary general meeting to be held in August which ousted a number of directors from that board, as well as the CEO Rollin Bertrand. This led three members of the CCC board to hand in their resignations, including its former chairman, Brain Young. […]

  2. […] volume and last traded prices of stocks with gains, at the end of trading in the main market are, Caribbean Cement with 7,975 shares to close with a gain of 20 cents at $2.70, Pan Jamaican Investment had 2,552 units […]

  3. […] volume and last traded prices of stocks with gains at the end of trading, in the main market are, Caribbean Cement with 10,000 shares trading to close with a gain of 10 cents at $2.50, Desnoes & Geddes with […]

  4. […] volume and last traded prices of stocks with gains, at the end of trading in the main market, are Caribbean Cement with only 1,000 shares traded, to close with an 18 cents rise to $2.40, Carreras with 168,403 […]

  5. […] just out from the Jamaica Stock Exchange, now confirm that Caribbean Cement Company has advised that Brian Young – the company’s Chairman, Judith Robinson – Chairman – […]

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