CTL board members named

Minister without portfolio in the Finance and Planning Ministry, Horace Dalley, has named three persons to replace the three members of the Caymanas Track Limited (CTL) board who did not take up their appointments in March.

The three new members are Lloyd Duncan, a financial consultant; Ken Wiltshire from the Cement Company; and attorney-at-law Sheron Henry, the senior legal adviser at the Development Bank,.

They have joined Joseph A. Matalon (chairman), Christopher Brown (deputy chairman), Andrew Azar and Edgewater Councillor Alric Campbell to complete the full slate of seven directors.

Meanwhile, Matalon, in his capacity as chairman, has scoffed at criticism of the hiring of former Red Stripe Executive Manager Mark McKenzie as a consultant. McKenzie is being paid $1.2 million per month for a three-month contract.

Claiming that it was money well spent, Matalon said that since McKenzie's stint at CTL on a short-term basis, he has done a fantastic job, having secured over $30 million of the $70 million owed to CTL by delinquent OTB agents, among other things. Matalon said he will take personal responsibility for McKenzie's appointment.