Sun | Aug 9, 2020

Business Briefs

Published:Wednesday | July 15, 2020 | 12:17 AM
Supreme Ventures co-founder Ian Levy.
Supreme Ventures co-founder Ian Levy.

SVL co-founder Ian Levy retires

Ian Levy has retired as deputy chairman and director from the board of Supreme Ventures Limited, SVL, and those of its subsidiaries, effective July 11, having reached the age of retirement.

Levy is a founding member of the gaming and lottery company and has sat on its board for over 22 years, since January 2, 1998.

Supreme Ventures began selling lottery games in June 2001, starting with Lotto. Its operations have expanded over time to include gaming lounges, various lottery games, betting shops and horse racing.

Key hires new CFO as management changes continue

Key Insurance Company has confirmed Stuart Andrade as chief financial officer, CFO, effective July 1. He replaces Jacqueline Leckie-Johnson, who demitted office as finance director on June 19.

Andrade has worked with the GraceKennedy conglomerate for the past 14 years, the last two as assistant financial controller for the insurance segment of GraceKennedy Financial Group Limited. Overall, he has about 20 years of experience in finance, Key said in a market filing.

The general insurance company was taken over by GraceKennedy Limited earlier this year, and since then has been going through a series of management changes.

Treveen Little demitted office as corporate services manager at the end of May, after which Key retired the post; Little was previously replaced as company secretary to the board on March 28 by Kerry Ann-Heavens; and Tamara Glaves-Henry was named as general manager in March following the departure of Managing Director Sandra Masterton on March 24. Masterton, one of the principal shareholders who sold shares in Key Insurance to GraceKennedy, remains on the company’s board.

US$10b Google fund for India

American tech giant Google is investing in a US$10 billion fund to help accelerate India’s transition to a digital economy in the next five to seven years.

Sundar Pichai, CEO Google, said Monday that the project will focus on building products that are relevant to India’s needs and empowering businesses for their “digital transformation”.

“Our goal is to ensure India not only benefits from the next wave of innovation, but leads it,” Pichai said in a digital keynote at a Google for India event.