Supreme Ventures announces managerial changes at SVREL
KINGSTON, Jamaica — The Supreme Ventures Group yesterday disclosed the departure of Chief Executive Officer of the Supreme Ventures Racing & Entertainment Limited (SVREL), Major Hugh Blake.
According to the group, Blake who was at the forefront of positioning SVREL over the last few months officially resigned his position effective February 28th to pursue other interests and personal projects.
President and CEO of Supreme Ventures, Ann-Dawn Young Sang commended Blake for his astute leadership during the period and wished him success in his future endeavours.
In the interim period, SVL CFO Dennis Chung will serve as Acting CEO until a suitable replacement can be found.
“Chung has considerable executive leadership training and experience and has been a Director of the SVREL Board since February 2018”, the group said.
“We are pleased to have Dennis on board in this interim capacity, and we look forward to his leadership during this transition. We thank Hugh for his contribution to the growth of SVREL, and wish him all the best going forward” stated SVREL Chairman Solomon Sharpe.
Since their takeover of the track in 2017, SVL said it has implemented systematic, strategic changes to the operations of SVREL including the expansion of the Off-Track Betting network, the implementation of a new, state of the art tote system, and expanded its simulcast footprint outside of Jamaica.