Another change in Massy management

MASSY Holdings has announced another change in its executive roster, this time, the appointment of Nadia McCarthy as senior vice president of group people and culture.

She takes over from Julie Avey who announced her retirement from the company, effective May 31.

A notification on the TT Stock Exchange website on September 11 said her appointment will take effect on November 1.

This is the latest adjustment in a list of changes in Massy’s executive, starting with former CEO Gervase Warner’s decision to retire early in February.

After an investigation into training modules among the company’s executive, Angelique Parisot-Potter took administrative leave, which led to Wendy Kerry being appointed acting general counsel in January, and later on, taking up the role permanently.

Vice president of global expansion, David O’Brian announced his resignation in March, effective June 8.

Albert Rojo retired as senior vice president of strategy and business development in gas products, which took effect on June 30. His retirement was posted on May 13.

Ten days later, Avey announced her retirement.

Group CEO David Affonso, in an interview with Business Day in August, said the changes, while they do not affect the company’s operation, show the depth of the company’s executive roster.

"As with any change at the top, direction sometimes changes a bit," he said in August. "There may be some course correction or the person at the top may probably have a different view of how things should happen. Other executives will also have decisions to make, as with any inflection point… there is nothing sinister about it," he said.

Massy, in its last consolidated financial results, recorded $465 million in profit after tax for the nine months of the year ending June 30.