The chairmanship of Demerara Distillers Limited (DDL) was formally handed to Komal Samaroo yesterday after Yesu Persaud, whose retirement was announced in November, officially stepped down.
The handing over, which was done in a very simple ceremony at the company’s office in Kingston, is a significant development in DDL’s history as Persaud, 85, has been at its helm since 1975.
In fact, he is credited largely for instituting the changes which transformed the once bankrupt company into the success story it is today. Despite giving up the chairmanship though, Persaud said he will continue to be an advisor to DDL, retain his office in Kingston,
