(Barbados Nation) There has been a major shake-up at one of Barbados’ biggest conglomerates.
Chairman of Banks Holdings Limited (BHL) Sir Allan Fields has resigned from the board of directors after 14 years in that position and has been replaced by Neal & Massy’s top executive here, Anthony King.
The decision came before the end of Sir Allan’s latest three-year term on the BHL board. Another local board member, Dan Stoute, who has been a long-standing figure on BHL’s directorship, also resigned.
And yesterday, when Barbados Dairy Industries Limited, which trades as Pine Hill Diary (PHD), held its annual general meeting of shareholders at the PHD’s Pine, St Michael office, Sir Allan also resigned as chairman of that company.
Pine Hill Dairy is a subsidiary of Banks Holdings Limited and Sir Allan has been its chairman since 1997 when Trinidadian interests failed in a hostile takeover attempt of the local milk processor.
When contacted yesterday, Sir Allan declined to say why he had walked away from chairmanship of BHL.