A release from the bank stated that Douglas “Rik” Parkhill has been appointed as the new Chief Executive Officer, to take effective in September this year.
The release indicated however, that this appointment is still awaiting the required regulatory and government approvals.
Michael Mansoor, Chairman of First Caribbean confirmed that Mr. Parkhill will replace current First Caribbean Chief Executive Officer, John Orr, who will be returning to CIBC as Executive Vice President, Corporate Development and Strategy, following the conclusion of his three-year term leading the bank.
Mr. Parkhill is a seasoned financial services executive who is known as a skilled leader and for having a strong employee and client focus. He has the right combination of leadership and industry experience to lead First Caribbean at the current stage of our company’s development and in the present economic environment, said Mansoor in the bank’s release.
Mr Mansoor continued, “Rik’s global financial services experience and his leadership capabilities make him an ideal successor for the CEO position. In addition, his relationships within CIBC will greatly benefit First Caribbean as we continue to seek new opportunities for collaboration and growth in the years ahead.”
“I am looking forward to the challenges and opportunities of this new role,” said Mr. Parkhill.
“My first priority will be to meet and get to know the people of First Caribbean. I have already heard many great things about the talent and skills of the people here and look forward to hearing from them about the potential of this business moving forward.”
“The past three years as the CEO of First Caribbean have been a wonderful experience for me,” said Mr. Orr. “I want to thank the First Caribbean management and all 3400 employees for their support and their dedication in providing the people of the Caribbean with exceptional financial advice, products and services.” Mr. Orr will remain as CEO until September, when Mr. Parkhill is expected to assume the role.