The Government is moving to shake up management at the state-owned Guyana Sugar Corporation as it is preparing to name a new Chief Executive Officer.

News Source has learnt that former Chairman of the Private Sector Commission, Paul Cheong, is set to become the new GuySuCo Chief Executive Officer. Senior Government sources have indicated to News Source that Cheong is currently in discussions with the Government on the new position.

The current CEO of GuySuCo, Sasenarine Singh, is preparing to leave the company and the country to take up a diplomatic appointment in Europe. Singh has been heading the state-owned company since September 2020. It has been a rocky tenure for him with the main union representing sugar workers, the Guyana Agricultural and General Workers Union, repeatedly calling for him to be removed from the position.

Singh survived those calls and retained the trust and support of the President and the Government. However, with more money being pumped into the sugar company as part of a major restructuring plan, it is believed that the Government decided to seek out new leadership, while ensuring a smooth transition to another top position for the Financial Analyst, Sasenarine Singh.

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