KINGSTON, Jamaica — President and Chief Executive Officer (CEO) of Sagicor Group Jamaica, Richard Byles, will assume chairmanship of the organisation on June 1 when current Chairman Danny Williams retires from the post.

Byles is stepping down as president and CEO at the end of this month and will be replaced by Christopher Zacca.

Williams, who made the announcement today, stated: “Richard has served brilliantly as president and CEO of Sagicor and with great distinction.  Under his stewardship, Sagicor Jamaica successfully managed several acquisitions to emerge as a significant leader in insurance and financial services.  With his appointment to the post of chairman, we will continue to benefit from his expertise in an elevated capacity”.

He was speaking at a press conference at Sagicor’s headquarters in New Kingston.

Zacca, who also spoke at the press conference, said he was “humbled and excited to be chosen to lead a company that for 47 years has been revolutionary in its innovation and leadership.  I can assure our team members, shareholders, communities and Jamaica that I am committed to build on the legacy of Sagicor as I embrace the team that has driven the success to date”.  

Zacca will assume leadership of Sagicor as president and CEO on May 1.