The Demerara Distillers Group has announced the appointment of former CEO of IPED, Ramesh Persaud as its new Managing Director.

Mr. Persaud who ended his IPED career on Friday, started his new job today.

In a statement, the company said “the DDL Group has been steadily growing and expanding, prompting the decision to appoint a Managing Director.

In welcoming the new Managing Director, DDL Chairman, Komal Samaroo, said Persaud is joining the company at a time while they preparing to embark on the next phase of expansion and modernization of the Group.

“We have a very ambitious agenda over the next five years with several projects identified. Mr. Persaud’s addition to the leadership team will certainly place us in a strong position to successfully achieve our goals”, the DDL Chairman said.

According to the company, Mr. Persaud is the newest addition to the executive team, which includes Ms. Allison Thorne, Director/Company Secretary; Mrs. Sharda Veeren-Chand, Director of Marketing; Mrs. Moneeta Singh-Bird, Director of Human Resources; Mrs. Sharon SueHang-Baksh, Director of Technical Services; Mr. Shaun Caleb, Chief Production Officer; and Mr. Vasudeo Singh, Chief Financial Officer.

Persaud is a Chartered Accountant, and the holder of an MBA from Heriot Watt University.

He has worked in the private sector for several years and has many years of executive experience.

Persaud said he is pleased with his appointment, noting that “Demerara Distillers Limited is known for delivering impressive results for its shareholders through its visionary leadership, committed team and quality products. The company is consistent in meeting and exceeding expectations of customers both in local and international markets. It is an honour and privilege for me to be joining the leadership team in this great company. I look forward to making a meaningful contribution as we continue to navigate the path of opportunities that will come our way. “

Mr. Persaud is currently the Chairman of the National Insurance Scheme (NIS), and sits on several Boards, including GUYSUCO, TOPCO (a Subsidiary of the DDL group), and CAGI, among others.

He is also a former Chairman of the Private Sector Commission.

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