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FST Alumnus becomes CEO of Kingston Wharves

A FTER EIGHT years in supporting roles at the multipurpose port run by Kingston Wharves Limited, Chief Operating Officer Mark Williams will assume the office of CEO of the KWL group on January 6.

His appointment was announced by the board of the port company on Tuesday as it hailed the leadership and legacy of retiring CEO Grantley Stephenson, who has been at the helm of KWL since 2003.

Stephenson will continue to serve the organisation in corporate governance as deputy chair to board Chairman Jeffrey Hall. Hall is CEO for Jamaica Producers Group, the largest shareholder with a 42 per cent stake in the profitable wharf company. KWL posted net profit of $1.9 billion last year and revenues of $7.2 billion; its assets topped $31 billion.

“The board and I are absolutely confident that Mark brings the right mix of leadership, vision, expertise, accountability and teamwork to the role of chief executive officer, and we expect the company to do very well under his direct executive leadership,” said Hall in a statement from the company.

He acknowledged Stephenson’s role in leading major transformations at KWL – expertise that will remain available to the company in his new role as deputy chair.

“We are extremely appreciative of his decision to serve the company in this important capacity. I very much look forward to working closely with Mr Stephenson to continue strengthening the governance of the company and to position us to take on major new growth and investment opportunities,” Hall said in the company statement."

 

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Published on 16 Dec, 2019

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