Jamaica: Colin Steele has been elected as a director of Caribbean Cement. However, the board of directors of the cement producer tried to block the appointment by changing the company’s articles of incorporation that required at least two Jamaican-based directors, according to the Jamaica Observer. The company had been without a second Jamaican-domiciled director since the resignation of its former chairman Chris Dehring in 2016. Minority shareholders of the company supported Steele’s appointment.
Steele started his career as a certified public accountant before moving into retail and housing development. He has served as a director of several government companies, including the Port Authority of Jamaica and the University Hospital of the West Indies and as chairman of the Economic Policy committee of the Private Sector Organisation of Jamaica.
