Tue | Dec 18, 2018

Pierre Shirley leaving PROVEN Group

Published:Friday | February 2, 2018 | 1:56 PMNeville Graham

The general manager of PROVEN REIT Limited, Pierre Shirley has resigned that post effective March 31, 2018 after being with the company for just over two years. PROVEN REIT is the real estate investments and development arm of the PROVEN Group.

‘Yes I tendered my resignation,’ Shirley said in confirming the news.

Pressed as to why the lengthy notice period Shirley said he was mindful that there needs to be an orderly exit from the company thus minimizing possible disruption.

“It is a very sizable portfolio. I carry extensive responsibilities and that length of time is to facilitate a very smooth transition and ensure continuity without any disruption of the operations,” Shirley said.

PROVEN’s real estate asset base as at September 30, 2017 was US$17.1 million consisting of both residential and commercial properties. He says he is not worried about the continued operation of PROVEN REIT  since the necessary talent is in place so that the company’s business will be preserved.

“Proven has a very astute management team along with a board of directors that I have absolutely no concern that they’ll be able to maintain the continuity and the management of the portfolio,” Shirley said.

He would not be drawn on the details of his next move but said he will say much more at the right time.

“I can’t disclose that right now, but I can say that it will be something exciting that is real estate-related. Those things of which I speak will definitely create a buzz and a stir,” he said.

Shirley’s resignation comes on the heels of the resignation less than three months ago of Chorvelle Johnson, the former CEO of PROVEN Wealth and PROVEN Fund Managers. Johnson is now at the helm at Sagicor Bank.

- neville.graham@gleanerjm.com