Thu | Oct 18, 2018

Business Briefs

Published:Wednesday | October 10, 2018 | 12:00 AM

 

Salmon retires, Fairman VP at Jamaica Broilers

 

Conley Salmon, the head of the country operations for Jamaica Broilers Group Limited, has retired from the company after 35 years in different capacities.

The poultry company said he was instrumental in launching the fish operation, Aquaculture Jamaica, and implementing its ocean freight and grain purchasing programme at the Hi-Pro feed mill.

Salmon's latest promotion as president - Jamaica operations took effect last year, and was the culmination of a series of promotions up the company's ladder since 2001.

Jamaica Broilers also announced on Tuesday that Dave Fairman, who has been the head of the operations in Haiti since 2010 leading to a promotion as president - Haiti operations in 2016, has been appointed vice-president for the Best Dressed Chicken Division.

Fairman has worked with Jamaica Broilers since 1990.

 

West Indies Tobacco to split stock

 

West Indies Tobacco Company Limited, WCO, a cigarette manufacturer in Trinidad and sister company to Carreras Limited, will be executing its own stock split, pending a vote of approval by shareholders.

The vote is scheduled for October 30 at special meeting set for the Hyatt Regency Trinidad hotel in Port of Spain.

WCO is seeking approval for a three for one split, which would increase its issued shares from 84.24 million units to 252.72 million. The cote would also split the price of the stock to less than TT$30 per share, assuming its current price at just around TT$88 holds at implementation of the split.

Cigarette distributor Carreras effected a 10-way split of its stock in early fall 2017 on the Jamaica Stock Exchange, increasing the number of issued shares from 485.4 million units to $more than 4.85 billion.