Michael Lee-Chin to fill vacancy in Canadian business during leave from NCBFG
Published:Wednesday | May 24, 2023 | 9:37 PM
The NCB Financial Group (NCBFG) has sought to address questions regarding the decision of billionaire businessman Michael Lee-Chin to take a three-month leave of absence from his post as chairman of the group.
In a media release on Wednesday evening, the company said Lee-Chin is taking the time to temporarily fill an executive role within his organisation in Canada until he can find a replacement for his chief operating officer who is leaving after 25 years.
In addition, it said Lee-Chin also specified interests in two recent areas of focus, precision oncology and clean energy.
"We wish to assure all stakeholders that our robust corporate governance framework has enabled us to transition seamlessly," NCBFG stated.
Lead Independent Board Director, Professor Alvin Wint has assumed the role of Interim Chairman of NCB Financial Group during Lee-Chin's leave of absence.
"We have full confidence in Professor Wint's ability to provide effective leadership and guidance to our Board during this period. Furthermore, we are confident in the work of our astute and visionary Board members, who will be led by Professor Wint during this time," said NCBFG.
Lee-Chin has also taken time off from the boards of National Commercial Bank Jamaica Limited (NCBJ) and Guardian Holdings Limited (GHL)
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