OCM director Esau stepping down
Joseph Esau, long-standing director of One Caribbean Media (OCM) and chairman of its subsidiary Caribbean Communications Network Limited (CCN), is leaving the board of the parent company.
However, he will continue as chairman of CCN, owners of the Express and TV6. He will also cease to be chairman of the Grenada Broadcasting Network and a director of Starcom Network Inc., subsidiaries of OCM.
Last month, Esau stepped down as chairman of Prestige Holdings, the local franchise holder of KFC, Pizza Hut, TGI Friday’s and Subway, but remains a member of that board. He also continues to be chairman of Agostini’s Limited and a director of Grace Kennedy Limited and the Arthur Lok Jack Graduate School of Business.
Esau said yesterday he made this decision to achieve better balance in his activities.
Last week, two new members, Peter G. Symmonds, QC, and Faarees Hosein, were elected to the board of directors of OCM.
Symmonds has served as a director of several listed companies, including Barbados National Bank, Barbados Shipping & Trading Co. Ltd and United Insurance Co Ltd.
Hosein, also an attorney at law, in practice since 1988 in Trinidad and Tobago, has been involved in representing and advising media houses in defamation and media law related matters. (ES)