GraceKennedy Group announces structural changes
GraceKennedy Group CEO Don Wehby has announced a number of organizational changes within the Group effective April 1, 2015.
In a statement this afternoon, GraceKennedy said the changes were in keeping with it's strategic goals and vision to become a Global Consumer Group.
"Our ultimate aim is to optimise the structure of the GraceKennedy Group in keeping with best practices, making the company more efficient, nimble and productive," said Wehby.
"The changes will ensure that our senior leadership is strategically placed within our businesses as we poise ourselves to compete effectively on a global scale," Wehby said.
He says there have been duplication of efforts and costs across the corporate offices within the Group.
SEE THE CHANGES BELOW:
*As a result, effective April 1, 2015, the Foods and Financial Services divisional offices will be abandoned as the titles of Divisional CEOs will be scrapped. The functions which formally existed within these offices will be reassigned.
*Courtney Campbell will be appointed Chief Executive Officer of First Global Bank Limited, effective April 4, 2015. He will also retain the role of Chief Executive Officer for GraceKennedy Financial Group Limited (GKFG) and in this capacity, will continue to have responsibility for GraceKennedy Money Services.
*The resignation of Maureen Hayden-Cater, current President of First Global Bank, will take effect on April 3, 2015.
*GKFG Executive Director and GraceKennedy Group CFO, Frank James, will have responsibility for the Insurance segment, led by Grace Burnett, also Managing Director of Jamaica International Insurance Company Limited. Within the GKFG structure, GKFG’s Risk and Compliance function will report directly to the GKFG Board Risk & Capital Management Committee, and administratively to the GKFG CEO.
*Steven Whittingham, Managing Director of GK Capital Management Limited, will report to Don Wehby.
*For GK Foods, with the recent acquisition of the La Fe Foods Business in the USA, and its importance to the Group’s strategic objectives, Michael Ranglin has been seconded to the USA as CEO of GraceKennedy Foods – North America and CEO /President of GraceKennedy Foods (USA) LLC.
*Ryan Mack will be appointed CEO of GraceKennedy Foods – Jamaica (Domestic), Caribbean and International East. All Senior General Managers in Jamaica – Gilroy Graham (in charge of Grace Foods and Services), Andrea Coy (head of the Global Category Management Unit) and Andrew Ho (in charge of manufacturing) will report to Ryan Mack who will in turn report directly to Group CEO, Don Wehby.
*The GK Foods & Services Limited Board will welcome two new additions – Andrea Coy and Cassida Jones, Group Chief HR Officer.