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Interim management board to be put in place at GuySuCo

Jan 12, 2009 News


…team to come up with ‘turn around’ plan

An interim management board will be put in place at the Guyana Sugar Corporation (GuySuCo), within a matter of weeks, to draft a ‘turn around plan’ for the industry.
During a recent press conference, President Bharrat Jagdeo said that the interim board will be responsible for taking the ideas that are currently available, in order to establish a plan to improve the industry.
The board will also have to deliberate on alternatives, to cut expenditure and refocus spending more on growing cane and fixing a number of other problems that the company has been experiencing.
“As part of that, we have to have new managers to pursue this plan, with very close involvement from the Government to oversee that this goes well,” the Head of State said.
As the restructuring continues at GuySuCo, a decision was recently taken to remove the company’s head office from Ogle, East Coast Demerara to Albion, Corentyne, Berbice.
Kaieteur News was told that this move will save the company in excess of $100M per year.
In the old management structure, there were general managers at each estate; however, in the new arrangement, there will be two directors manning all the estates.
In Demerara, the director will be Rishi Sookram, who was formally in charge of procurement at the head office.
Jai Pittam, who was formerly the Human Resources Director at GuySuCo, will be in charge of the Berbice estates.
This newspaper was told that those persons who were formerly managers at the various estates have since been offered alternative positions.
The shake-up will also see finance and industrial matters being referred to the head office rather than to intermediary personnel.
Kaieteur News was also told that all non-income generating properties belonging to GuySuCo, including Herdmanston House, will be put on the market to earn revenue.
Sources say there are other immediate radical changes which are on the table as negotiations continue.
Kaieteur News has learnt that there are substantial differences between the management, including the Board of Directors, and Agriculture Minister Robert Persaud over changes required to turn-around the sugar industry. Persaud is reportedly dissatisfied with management’s inability to make the changes necessary to improve the performance of the sugar company; and as such, the matter has now been sent to the Office of the President.
Reports are that the minister oversaw the new arrangements, and was at odds with many directors of the board, including the Chairman, who are resistant to the changes in management.
The Minister of Agriculture has reportedly expressed his lack of confidence in the current management, but is facing resistance in some quarters to make the radical changes he is advocating for.
This newspaper has learnt that Persaud himself went to GuySuCo head office, some weeks ago, to ensure that the changes agreed to were implemented, given attempts by several to spoil the plan.

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