Walcott quits TSTT, Agard to act as CEO

State telecommunications company TSTT announced on Wednesday that CEO Dr Ronald Walcott has resigned, effective October 1. In a statement, the company said Walcott was leaving after six years at the helm to pursue other career opportunities.

Walcott, the release said, spent 14 years at the company and led the development and implementation of a five-year organisational transformation initiative that took TSTT, a legacy telecommunications organisation, into the digital arena. Part of that included laying off over 500 workers in 2018 and getting rid of TSTT-owned payment centers to streamline service (transactions are now done via agents) in a bid to turn around the company’s nearly $500 million loss.

Via the release, Walcott said having overseen the company’s strategic plan 2016-2021, “I think now is the right time for me to step away and for new leadership to steer the company through the next phase of its development. There are other challenges I would like to pursue.”

Lisa Agard, the general manager for Amplia communications, TSTT’s high speed internet service (formerly Massy Communications) will act as CEO in the interim.

Agard previously served as TSTT's vice president, legal services, acting as CEO on several occasions, before leaving in 2014 to join Guardian Media Ltd as managing director, but departed a year later. Between July 2015 to July 2017, she was the executive director at Massy Communications Ltd, which TSTT acquired as Amplia. Agard has also been the chairman of several state boards, including CNMG (now TTT) and the North West Regional Health Authority.