Avey is fifth executive

Julie Avey, the group ex­ec­u­tive vice pres­i­dent of peo­ple and cul­ture at Massy Hold­ings, on Thurs­day be­came the fifth se­nior ex­ec­u­tive that the group an­nounced this year was leav­ing it.

IN a no­tice on the web­site of the Trinidad and To­ba­go Stock Ex­change, Massy Hold­ings an­nounced Avey would re­tire from the com­pa­ny, ef­fec­tive May 31, 2024. The no­tice of her re­tire­ment from the com­pa­ny was post­ed on May 23.

Avey’s re­tire­ment from the com­pa­ny fol­lows the res­ig­na­tion of Al­ber­to Ro­jo as se­nior vice pres­i­dent of strat­e­gy and busi­ness de­vel­op­ment in the gas prod­ucts port­fo­lio. His res­ig­na­tion is ef­fec­tive June 30, 2024 and his re­tire­ment was post­ed on May 13.

Al­so de­part­ing from the group was David O’Brien, who an­nounced his in­ten­tion to re­sign from the group, ef­fec­tive June 8, 2024. O’Brien is the ex­ec­u­tive vice pres­i­dent of Massy. His reire­ment was post­ed on March 12.

The most con­se­quen­tial de­par­ture from Massy was the an­nounce­ment by the board of the group that its pres­i­dent and group CEO, Ger­vase Warn­er “has un­der­tak­en to pro­ceed on ear­ly re­tire­ment from the com­pa­ny and re­tire from its board of di­rec­tors, ef­fec­tive April 6, 2020.”

Massy an­nounced in a no­tice post­ed on Jan­u­ary 2, 2024, that An­gelique Parisot-Pot­ter, who served as ex­ec­u­tive vice pres­i­dent of busi­ness in­tegri­ty and group gen­er­al coun­sel, had re­signed from the group, ef­fec­tive De­cem­ber 27, 2023.

Parisot-Pot­ter used the group’s 100th an­nu­al meet­ing on De­cem­ber 18, 2023, to raise is­sues about the com­pa­ny’s spend­ing of scarce for­eign ex­change on an ex­ec­u­tive man­age­ment pro­gramme in Fort My­ers, Flori­da that in­volves “bizarre rit­u­als” and “high­ly du­bi­ous ac­tiv­i­ties.”

In re­port­ing its unau­dit­ed fi­nan­cials for the first half of its fis­cal 2024, Massy re­port­ed that its third par­ty rev­enue in­creased by 15 per cent to $7.81 bil­lion as at March 31, 2024.

The group’s prof­it be­fore tax and prof­it af­ter tax from con­tin­u­ing op­er­a­tions de­creased by 7 per cent and 13 per cent for the six months end­ed March 31, 2024.