Today's Money Limited, a 10-year-old company in the business of providing financial and business information to institutions and individuals, is now on the hunt for a new managing director.
Orville Johnson, a shareholder who ran the company, in a return to his insurance roots, has left to take up the post of executive director at the Insurance Association of Jamaica (IAJ).
The Financial Gleaner was alerted to the change on an IAJ press release, issued by Johnson in his new role as head of the IAJ secretariat.
He replaces Annette Robotham.
The IAJ, whose current president is Andrew Levy, general manager of the GraceKennedy-owned Jamaica International Insurance Company, is the lobby group for Jamaica's life, health and general insurance companies - a market of some 17 players.
New manager needed
'Today's Money' is now recruiting a new manager.
"We hope to fill the post of managing director by July 1," said Derrick Stennett, chairman and shareholder.
While Johnson, a minority partner, will no longer be involved in the day-to-day operation of the company, he will remain a director.
"I had taken a break from the corporate world of insurance to help build and grow a company, which is now well established for me to return to my career in insurance,"
Johnson said he has a 20-year track record in the industry.
His replacement at 'Today's Money', said Stennett, will be expected to build out the company's research line and business offerings.
Those offerings currently include research, marketing, and media services that span electronic and print media.
'Today's Money' also stages 'Money Expo', an annual showcase of products and programmes from investment houses, lending agencies and other financial institutions and agencies.
And it operates an education unit which assesses training needs and offers training programmes.
Within two to three years, the company expects to fully build out its research arm, in which it is investing $3 million to $5 million.