GraceKennedy restructures for global expansion

The move is in keeping with the company’s strategic goals and its vision to become a global consumer group, according to a GraceKennedy news release, and to eliminate duplication of efforts and costs across the group.

As a result, effective April 1, 2015, neither the Foods or Financial Services divisional offices, nor the titles of Divisional CEOs will exist, and functions which formally existed within those offices will be reassigned.

“Our ultimate aim is to optimise the structure of the GraceKennedy Group in keeping with best practices, making the company more efficient, nimble and productive. The changes will ensure that our senior leadership is strategically placed within our businesses as we poise ourselves to compete effectively on a global scale,” Wehby said.

Over at the GraceKennedy Financial Group (GKFG), Courtney Campbell will be appointed chief executive officer of First Global Bank effective April 4. Campbell has more than 25 years of experience in retail, corporate and investment banking. He will retain the role of CEO for GraceKennedy Financial Group Limited (“GKFG”) and will continue to have responsibility for GraceKennedy Money Services (“GKMS”). Michelle Allen, CEO of GKMS, will continue to report to Campbell.

Meanwhile, current President of First Global Bank Maureen Hayden-Cater is stepping down and has tendered her resignation effective April 3. “I really want to thank Maureen for her years of committed service to First Global Bank and the Group, and I wish her all the best in her future endeavours,” Wehby said.

GKFG Executive Director and GraceKennedy Group CFO, Frank James, will have responsibility for the insurance segment, led by Grace Burnet, managing director of Jamaica International Insurance Company Limited.

Steven Whittingham, managing director of GK Capital Management Ltd, will report to Don Wehby, chairman of that entity’s board.

Over at GK Foods, the recent acquisition of the La Fe Foods Business in the USA is ranked highly in its importance to the Group’s strategic objectives. Michael Ranglin has been seconded to the USA as CEO of GraceKennedy Foods – North America, as well as CEO /President of GraceKennedy Foods (USA) LLC.

Ryan Mack will be appointed CEO of GraceKennedy Foods – Jamaica (Domestic), Caribbean and International East. All senior general managers in Jamaica including Gilroy Graham (in charge of Grace Foods and Services), Andrea Coy (head of the Global Category Management Unit) and Andrew Ho (in charge of manufacturing) will report to Mack, who will in turn report directly to Group CEO, Don Wehby.

The GK Foods & Services Limited board will welcome two new additions – Coy and Cassida Jones, group chief HR Officer.

“I am very confident that these changes will allow us to implement our group strategy towards regional and international expansion,” Wehby said. “2015 is a very important year for us in that regard, and we have identified increased focus on our customers, as well as increased levels of productivity as the keys to our success. We are working hard to achieve our objectives, and I believe firmly that our new appointees will do an excellent job in helping us achieve our targets in a timely and efficient manner,” Webhy concluded.


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