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GBPA chairman Ian Fair resigns

The Grand Bahama Port Authority Ltd (GBPA) and Port Group Ltd (PGL) have announced the resignation of Ian Fair as chairman and director of both companies effective today. 

Source:
Date:
Updated:
Bahamas Information Services
Wednesday, September 11, 2013
Wednesday, September 11, 2013

FREEPORT, Grand Bahama — The Grand Bahama Port Authority Limited (GBPA) and Port Group Limited (PGL) wish to announce the resignation of Ian Fair as Chairman and Director of both Companies.

Ian Fair was appointed Director of GBPA and PGL in August 2011, and the Boards of Directors appointed him Chairman in April 2012. After serving both Companies for eighteen months, Mr. Fair has resigned effective September 10, 2013.


Ian Fair stated “The reasons for the decision at this particular stage are both personal and professional. I can no longer continue to devote the time that is needed to discharge my responsibilities. I have a considerable number of other business commitments, many of which go back over twenty to forty years and I must continue to give them attention. My family is not able to relocate to Grand Bahama and frankly I miss being away from them so much.”

Sarah St. George, Vice Chairman of The Grand Bahama Port Authority shared, “During his tenure as Chairman of the Companies, Mr. Fair brought with him a vast pool of knowledge and experience which has set the path for the Companies to a brighter future. I am now confident that both The Grand Bahama Port Authority and Port Group Limited are now ready to take full advantage of the signs of recovery. We would like to thank Ian for the last eighteen months of dedication and hard work and we wish him well in his future endeavours.”

Sir Jack Hayward, Honourary Chairman of The Grand Bahama Port Authority expressed, “Mr. Fair has done a tremendous job in both companies and he leaves us in a stronger position than he found us. Thanks to his corporate governance and business expertise he now departs a Group better prepared to take on the challenges that lie ahead. We thank him for his commitment.”

Both Sir Jack Hayward and Sarah St. George confirmed that there are no immediate plans to replace Ian Fair as Chairman of The Grand Bahama Port Authority Limited and Port Group Limited.

Mr. Fair also serves as Chairman of the Bahamas First Insurance Group and was recently appointed Chairman of Butterfield Trust (Bahamas). He has a number of other board appointments and charitable involvements. He was the founding Chairman of The Bahamas Financial Services Board (BFSB) and is currently Chairman of The Bahamas International Securities Exchange (BISX).

The Bahamas Financial Services Board and Insurance Commission of The Bahamas have selected the recipients for the two scholarships being provided for the Associates in Captive Insurance designation. Pictured: (from left) Jamell Bodie, manager of supervisory and regulatory practices, ICB; Aliya Allen, BFSB CEO; Recipient Sanchez Brooks; Recipient Anastasia Campbell; and Yvette Ingraham, president of the Insurance Institute of The Bahamas (IIB). Committee Members not pictured are D Nguyen-Comito, senior consultant at BFSB; Dr Nicola Virgil-Rolle, director of financial services, Ministry of Financial Services; and Dr Roger Brown, coordinator of the Bahamas Insurance Association (BIA). (Photo courtesy BFSB)

The Minister of the Environment and Housing Kenred Dorsett outlined a comprehensive plan aimed at reforming the energy sector during a Bahamas Chamber of Commerce and Employers Confederation luncheon yesterday.

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