Seprod Limited has announced the appointment of Mr. Brian Wynter, CD to the Board of Directors, effective February 10, 2020.
Mr. Brian Wynter is internationally recognized as a central banker and financial markets executive with a wide range of private and public sector experience in challenging environments.
He was governor of the Bank of Jamaica during Jamaica’s historic economic turnaround, co-chair of the Economic Programme Oversight Committee, founding CEO of Jamaica’s Financial Services Commission and corporate finance head and country treasurer for Citibank Jamaica.
Moving seamlessly between public and private sectors, his professional experience includes stints at the International Monetary Fund’s Caribbean Regional Technical Assistance Centre in Barbados and the capital markets and derivatives subsidiaries of Chase Manhattan and Schroders in New York City.
Seprod Group, which recently released an Interim Report to Stockholders providing an overview of the year ended 31 December 2019, characterized the year as one of consolidation for the Group.
Group Managing Director Richard Pandohie reported that the difficult decisions taken have placed the Group in a very good position to generate sustainable value creation for 2020 and beyond.
The Seprod Group achieved revenues from continuing operations of J$34.35 billion, an increase of J$11.85 billion or 53% over 2018, driven primarily by the acquisition of the Facey Consumer Division in Q4 2018 and by an increase in the export business.
Net profit from continuing operations for the year was J$1.99 billion, an increase of J$510 million or 34% over 2018.