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UDC seeks GM with 15-year track record

Published:Wednesday | May 30, 2012 | 12:00 AM

The Urban Development Corporation (UDC) is hunting among senior management talent for a new general manager (GM).

The state agency has advertised for a candidate with no less than 15 years experience as manager of a "multi-disciplinary company", eight of which must have been within the public sector.

The last person to hold the job, Joy Douglas, resigned amid controversy over the handling of a property sale in downtown Kingston to businessman Gassan Azan.

Engineer Desmond Young has been acting in the post since December 2011.

UDC, whose assets are valued at about J$42 billion, says in its recruitment ad that it expects the new GM will "establish and maintain credibility throughout the organisation and with the board as a developer of sound and sustainable solutions to business challenges".

The applicant is also expected to have "a network of successful relationships with the local and international financial community, multilateral lending agencies, as well as government and industry".

Created in 1968, the UDC's job is to transform urban centres and strategic rural towns. The development agency has operated as a self-financed entity since 1987.

The official search for general manager was delayed by the late appointment of a board, which was finalised in late April, four months after the new government took office. The new UDC chairman is Senator K.D. Knight.

Prior to the change of administration, UDC was pursuing a programme of privatising non-core assets, which included a list of 36 properties nationwide for divestment and development.

Its biggest project was the US$3-billion redevelopment of the 10,000-acre Caymanas Estate for industry, commercial development, housing and other purposes.

business@gleanerjm.com