Clive Thomas booted
… as SPU head tipped to lead new GuySuCo board
By Samuel Sukhnandan
Government has given its nod to the appointment of a new Board of Directors for the troubled and debt burdened Guyana Sugar Corporation (GuySuCo) after booting Economist Clive Thomas from its chairmanship and replacing him with newcomer and head of the Special Purpose Unit (SPU) of the National Industrial and Commercial Investments Limited’s (NICIL), Colvin Heath-London .
A source close to Guyana Times said Wednesday that the decision was taken by Cabinet recently and the names of the other new Board members could be released soon. According to the source, the decision was made as a means of
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unifying the leadership of the sugar industry.
At present, NICIL has direct responsibility for GuySuCo and that agency falls under the Finance Ministry. NICIL’s takeover was made official by a publication contained in an extra-ordinary issue of the Official Gazette dated December 30, 2017, which has responsibility for the divested sugar estates.
However, it was made clear that the takeover does not include any assets, lands or property for the Berbice estates of Albion and Blairmont and the Uitvlugt Estate on the West Coast of Demerara, as those entities will remain under GuySuCo for the foreseeable future.
This newspaper was told that Professor Clive Thomas, who served as Chairman, has been booted after first being appointed to the position in 2015, a few months after the new coalition Government took office.
Heath-London was appointed head of the SPU back in October 2017, after a decision was made by the Government to process the selling of GuySuCo assets, including a number of estates.
No changes
When contacted on Wednesday for a comment, Professor Thomas was at first
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