The Board of Directors of National Industrial and Commercial Investments Limited (NICIL) on Wednesday announced that Radha Krishna Sharma has been appointed its Interim Chief Executive Officer.
According to a statement from NICIL, it has been without a substantive CEO since 25th October, 2018, with the passing of its then Head. The former acting CEO has reverted to his substantive position as Head of the Special Purpose Unit.
Given the importance of NICIL’s operations, it stated, and as the Government’s Privatization arm and the controversy surrounding many transactions conducted by NICIL over the past few years, the Board considered it urgent and necessary to immediately appoint an Interim CEO of NICIL for a period of three months, after which the post will be filled following an advertisement inviting suitably qualified candidates to apply.
Sharma is no stranger to the corporate world, having a substantial breadth of experience in the commercial sector, having worked in the capacity of CEO of Guyana Telephone & Telegraph Company from March 2013 to December 2015, and as CEO of Guyana Bank for Trade and Industry from July 2000 to November 2009. We are excited to welcome him to NICIL.
Only last week, accountant Paul Cheong, who has served on a number of Boards from the National Insurance Scheme (NIS) to the Guyana Sugar Corporation (GuySuCo), was appointed the new Chairman of the National Industrial and Commercial Investments Limited (NICIL) under President Dr Irfaan Ali’s Government.
Cheong’s background in finance and familiarity with NICIL’s efforts to privatise GuySuCo, make him a natural fit for the position. Cheong also served as Vice Chairman of the Berbice Bridge Company Incorporated (BBCI).