Barita appoints new boss
Published:Friday | December 27, 2019 | 12:24 AM
Paula Barclay, who joined Barita Investments Limited (BIL) a year ago, will lead the fast-growth company following the resignation of Ian McNaughton.
“A part of the succession planning for the group, Paula Barclay was appointed to the position of general manager of Barita in early 2019 and will now assume the leadership of Barita’s operations,”stated BIL in a release sent to the Jamaica Stock Exchange.
Barclay honed her skills at First Global Bank Limited holding various positions, including general manager. McNaughton left BIL on December 24 and will pursue other interests, according to a BIL release.
McNaughton joined Barita in 2008 as financial controller and company secretary and was promoted to general manager in 2009 before assuming the role of managing director in 2013.
BIL earned $1.7 billion in net profit for its September year end on revenues of $651 million, which equates to a 370 per cent jump in profit.
McNaughton provided assistance with both the transition of ownership of Barita from founder Rita Humphries-Lewin to the Cornerstone group in August 2018 and leadership succession.
“Mr McNaughton will remain accessible to the board for the remainder of the current financial year ending September 2020,” added the release.