PanJam chooses Banks as its next CEO
PanJam Investments Limited, a property development and investment company founded by the Facey family, has chosen a new leader.
Joanna Banks is being promoted to CEO, effective July 1, while Stephen Facey will assume the title of executive chairman.
“Over the past five years, PanJam has benefited significantly from Joanna’s knowledge base and international experience. She has led a number of our recent investments and initiatives with passion and resilience, qualities necessary for the path ahead,” Facey, who current holds the titles of both CEO and chairman, said in a release.
“We have confidence that Joanna will continue PanJam’s legacy of growing stakeholder value, and look forward to supporting her efforts to achieve greater levels of success," he said.
As executive chairman, Facey will continue overseeing the company's real estate projects, including the ROK Hotel & Residences, which is under development on the Kingston waterfront.
Banks joined PanJam in 2016 as vice president of new business development and strategy, and became a senior vice president in 2018. Earlier in her career, she worked at Exxon Mobil Corporation, Deere & Company and Pan Caribbean Financial Services Limited (now Sagicor Investments Jamaica Limited), in varying roles focused on corporate finance, investor relations, pension fund management and strategy. She is a director of Sagicor Life Jamaica Limited, Sagicor Investments Jamaica Limited, Agostini’s Limited, Outsourcing Management Limited and Term Finance (Jamaica) Limited as well as a trustee of the CB Facey Foundation.
"I joined PanJam because of its reputation for investing in Jamaica for Jamaicans. I will lead PanJam in line with that legacy ...," she said in the release.