Former Chief Executive Officer (CEO) of the Institute of Private Enterprise Development (IPED), Ramesh Persaud has been appointed as the Managing Director of the Demerara Distillers Group.
As of April 30, 2021, Persaud left IPED after 11 years of service noting that he was on to pursue other private sector opportunities. In a press release on Monday, the DDL Group announced its pleasure to welcome Persaud to their team.
DDL Chairman, Komal Samaroo, in welcoming Persaud to the Group, said: “I am delighted to welcome Mr. Persaud to the DDL Group at this time as we prepare 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”.
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 Sue-Hang-Baksh, Director of Technical Services; Mr. Shaun Caleb, Chief Production Officer; and Mr. Vasudeo Singh, Chief Financial Officer.
The new Managing Director, a Chartered Accountant, and the holder of an MBA from Heriot Watt University, has many years of executive experience. He joins the DDL Group from IPED, where he served as Chief Executive Officer since 2010.
Commenting on his appointment, Persaud said: “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.”
In addition to his many years of managerial experience, 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 was also a former Chairman of the Private Sector Commission.
