Sun | Oct 22, 2017

Douglas Orane retires as FGB chair, Peter Moses assumes role

Published:Friday | September 22, 2017 | 12:13 PM

GraceKennedy Limited has announced the retirement of Douglas Orane, effective September 19, from the board of its subsidiary First Global Bank Limited, after serving as its chairman for 16 years.

Orane had indicated to Don Wehby, Group chief executive officer, his intention to step down from some boards in order to spend more time with his family and on philanthropic work, including his alma mater Wolmer’s Trust High School for Boys where he is mentor, volunteer, fundraiser and advisor, GraceKennedy said in a release.

“I will be gradually shifting gears from my activities on various corporate boards in order to devote more time to my family and philanthropic projects,” Orane is quoted as saying.

“FGB is on a solid foundation and the GraceKennedy Group’s strong custom of succession planning will create opportunities for others to develop and grow in their capacity to lead and serve the bank well,” he added.

Wehby hailed Orane for his mentorship and contribution over the years. “Douglas is a one in a million person. Sharp, highly skilled, very knowledgeable and a great coach,” said the Group CEO.

“It has really been a pleasure working with him and having his support over the years, including when we added a commercial bank to the GraceKennedy Group,” Wehby added.

He also used the opportunity to welcome Peter Moses who steps into the role of chairman of the FGB board. Moses is a career banker who retired as Country Manager for Citibank Jamaica.
 
“Peter is one of the most respected bankers in Jamaica and we are happy to have him on the board and to benefit from his expertise as we get ready to reposition FGB to offer even more innovation and convenience through agent banking,” Wehby said.

Moses said he is “committed to building on Douglas’ outstanding contribution and it has been a pleasure working with him since March in the transition period.”

“I look forward to working with Mariame McIntosh Robinson, the CEO, and her team,” Moses added.

- business@gleanerjm.com