KINGSTON, Jamaica — Supreme Ventures Chairman David McConnell has announced the appointment of businessman, Michael Bernard, as chairman of the company’s wholly-owned subsidiary, Supreme Ventures Racing & Entertainment Limited (SVREL).

Bernard has more than 25 years of executive management experience and is a retired managing director of Carreras Limited.

During his tenure at Carreras Bernard successfully led the company” to deliver commendable and continuous growth in shareholder returns, which earned the company awards for being the best performing company listed on the Jamaica Stock Exchange, including ‘Best Performing Company for 2010’”, an SVREL statement said.

Bernard currently serves as chairman of the Board of Management of Jamaica College and executive chairman of Peak Bottling Company Limited, of which he is the majority shareholder. He also serves on the board of directors of Carreras Limited, where he heads its audit committee.

“Michael is a brilliant business mind and has a track record of outstanding success. The business community holds him in high esteem. We are confident that we can harness his knowledge and experience to build Caymanas Park and the SVREL business. We have already started to make progress, and we know his leadership will significantly enhance that process as it continues,” said McConnell.

Supreme Ventures acquired SVREL in March of this year, after a lengthy divestment process.