Good morning ladies and gentlemen of the media and thank you for attending this short press briefing.
Today, I shall be discussing Caribbean Airlines Limited. I shall be brief. Government has decided to replace the Board with a new interim Board.
The new members are:
· Mr Philip Marshall
· Mr Vishnu Dhanpaul
· Mrs Indira Ramkissoon
· Mr Courtney McNish
· Ms Patricia Kong Tong
· Mr Denis Lalor
The immediate mandate of the new board will be to do a detailed diagnostic review of the organization and a review of the strategic plan and provide detailed recommendations on the way forward.
This new Board will be chaired by Mr Phillip Marshall.
Mr Marshall is:
· The Director of the Strategic Management Office at the Ministry of Finance and the Economy
· A Fellow of the Institute of Chartered Accountants of England and Wales,
· A member of the Institute of Chartered Accounts of Trinidad & Tobago,
· An Associate Member of the Institute of Chartered Accountants of Jamaica and
· A member of the Institute of Directors of New Zealand.
He also served as an Independent Senator from 1995-2000.
He has served as Deputy Chairman of Ernst & Young Caribbean, and Country Managing Partner of Ernst & Young Trinidad & Tobago.
He was also appointed the first Chairman of the Corporate Governance Committee of the Private Sector Organisation of Jamaica.
Of course further details on Mr Marshall are contained in your press-kits.
I have no doubt that you will agree that Mr Marshall is the best suited for the kind of mandate the Board will have.
I know some of you will have very specific questions, but I ask that in the interest of the Airline, we hold those questions until after the Board reports back, and that report is discussed by the Cabinet.
I will now hand over to Mr Marshall who has a few points to make before we close.
Ladies and gentlemen, I thank you for coming this morning.