Friday, April 19, 2024

‘Boss quit’


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Pine Hill Dairy managing director Clyde Gibson was not pushed – he jumped.
According to head of Banks Holdings Limited (BHL), Richard Cozier, Gibson called him late Wednesday to say he was resigning with immediate effect and that he would follow it up with an official letter of resignation by email yesterday. Gibson, he said, gave no reason for his resignation.
BHL, is the parent company of PHD – the trading name of Barbados Dairy Industries Limited.
Cozier’s comments came as he confirmed that Gibson, executive secretary Elna Springer and plant manager Carver Beckles were no longer with the island’s lone milk processor.
He noted, however, that Springer and Beckles were scheduled to be severed as part of PHD’s planned restructuring process that also included the installation of a US$15 million in new plant equipment and modernisation of the facility.
Cozier denied that Gibson was scheduled to be cut from the company.
“Mr Gibson was actually part of the team leading the restructuring which started since mid-last year,” he noted.
The BHL boss told the WEEKEND?NATION that there were 140 permanent and temporary staff at the PHD but could not say how many others were likely to go.
“We have had some challenges keeping a full portfolio of products in the market as we undertake the process . . . and with the resignation of Gibson there are openings in areas not planned for and areas we had identified before we now have to take another look at,” he pointed out.    
Cozier is also leading  the modernization of BHL with the construction of a $50 million state-of-the-art plant at Newton, Christ Church.


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