Head of the National Industrial and Commercial Investments Limited (NICIL), Mr Winston Brassington will no longer head the controversial state entity.
INews understands that Brassington, whose contract came to an end on January 23, did not ask for his contract to be renewed and Government did not move to offer him a new contract as Head of NICIL.
Brassington has over 21 years of service in the financial, privatisation, management and economic project management areas. He served in the Privatisation Unit from 1994 and started heading the entity in 1996. He became Head of NICIL in 2002.
He has served over five Presidents and has completed hundreds of transactions. Notable achievements include the privatisation of the bauxite industry, the Berbice Bridge, and the Marriott Hotel. Brassington also chaired many Boards, including GPL’s and Atlantic Hotel Inc’s, and served as a director on many other State Boards.
Since the change in Government, the long-serving professional has come under attack by officials attached to the A Partnership for National Unity and Alliance For Change (APNU/AFC) Administration as part of a wider campaign targeting individuals perceived to be close, related to or sympathetic to the former People’s Progressive Party/Civic (PPP/C) Administration.
In December 2015, Brassington was sent on leave by Government to facilitate a Police investigation into the operations of NICIL.
Minister of State, Joseph Harmon, had said that the decision to send the NICIL Executive Director and his deputy, Marcia Nadir-Sharma on leave was made by Cabinet. However, INews was reliably informed that Brassington was not ordered on leave, but rather was already scheduled to take his leave.