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Published:Friday | February 12, 2010 | 12:00 AM

Wehby back in charge of H&L

Don Wehby

GraceKennedy Limited's Group Chief Operating Officer Don Wehby has joined the board of directors of retail subsidiary Hardware and Lumber (H&L) Limited, over which he now has oversight.

Formerly H&L was part of the GK Investments division now run by Courtney Campbell. In a stock-market filing this week, it was disclosed that Campbell would now be focusing "exclusively on the financial services companies within the GK group which fall within his portfolio".

Wehby, who rejoined the conglo-merate last October following a two-year hiatus from his corporate job to work with the Jamaican Government, ran GK Investments up to his secondment and had responsibility for H&L.

Wehby joined the H&L board on February 1, while Campbell has demitted his seat.

Four promotions at Pan Caribbean

Pan Caribbean Financial Services Limited (PCFS) has promoted four of its senior managers, effective January.

Michael Stuart has been appointed assistant vice-president of internal audit at PCFS with responsibility for audit and investigations within the wider Sagicor Group.

Hope Wint, who has been with the company since 2004, is now assistant vice-president in charge of risk and compliance. She has 16 years' experience in the financial services industry spanning Treasury, asset management, risk management and compliance.

Sabrina Cooper, who was assistant vice-president for sales and invest-ment services, joins commercial banking subsidiary Pan Caribbean Bank Limited as vice-president of relationship banking.

Cooper has more than 10 years' experience in investments and financial services, including five years at Prudential Financial in Coral Gables, Florida, before returning to Jamaica, where she joined the PCFS family. In her new role, Cooper will be responsible for promoting the products of the commercial bank.

Donnette Scarlett has been promoted a notch to vice-president, Treasury, at Pan Caribbean Bank, from assistant VP. Like Wint, Scarlett joined Pan Caribbean through the merger with Manufacturers Sigma Merchant Bank in 2004.

March 5 departure for Stokes, Morris

( l - r ) Dr Adrian Stokes, Jason Morris

Senior strategists Dr Adrian Stokes and Jason Morris having resigned from Jamaica Money Market Brokers Limited, effective March 5, JMMB has confirmed in a stock-market filing.

The Financial Gleaner reported last month that the two men would be joining Victoria Mutual's wealth management subsidiary, VM Wealth Limited.

Lascelles changes directors again

Marlene Sutherland

Marlene Sutherland, a director of Lascelles deMercado and Company Limited and member of the audit committee, has indicated that "due to work commitments in her substantive professional role in the United States", she would not seek re-election to the Lascelles board at the next annual general meeting, the spirits conglo-merate said in a stock-market filing.

Sutherland is due to retire by rotation at the next annual general meeting.

Lascelles also advised that Wayne Yip Choy, Fraser Thornton and Stephen Castagne were appointed to the board on February 1. The appointments cover the two vacancies created by the January 31 resignations of Trinidadian's Michael Carballo and Steve Bideshi.

Trinidad-appointed Dr Shafeek Sultan-Khan remains as chairman.

YEA selects new executive

Stephen Spence, the chief executive of technology company SMS Communications Limited, was re-elected president of the Young Entrepreneurs' Association (YEA) at the group's annual general meeting on January 21.

Other members of the executive include first Vice-President Patrice McHugh of Bars-To-Go Group; second Vice-President Tyrone Wilson of the online business magazine, eZines Limited; secretary, Kimala Bennett of The Business Lab; and treasurer, Ronald Stephenson of IGD Jamaica.