GraceKennedy Limited (GK) is restructuring leadership at its financial services arm, GraceKennedy Money Services (GKMS), with Margaret Campbell set to take over as chief executive officer (CEO) on April 1, 2025. Campbell, currently the chief operating officer (COO), will replace outgoing CEO Grace Burnett, who is retiring later this year.

Campbell has spent nearly three decades at GKMS, holding roles including Financial Controller, Chief Financial Officer (CFO), and Country Manager for GKMS Jamaica. She has overseen critical aspects of the company’s regional expansion and compliance operations. A Fellow Certified Chartered Accountant, she also serves as President of the Jamaica Money Remitters Association.

“Margaret has demonstrated strong leadership and an unwavering commitment to providing exceptional value and convenience to our customers across Jamaica and the wider Caribbean, in keeping with our vision of being the number one Caribbean brand in the world. I have no doubt she will continue to drive GKMS forward,” Group CEO Frank James said in a press statement yesterday.

Meanwhile, Lee-Anne Bruce, GraceKennedy’s chief audit executive, will succeed Campbell as COO. Bruce, who has been with GK for more than two decades, previously served as group chief compliance officer and chief risk officer. She holds a business degree from Hofstra University’s Frank G Zarb School of Business and is a certified anti-money laundering specialist.

“Lee-Anne is no stranger to GKMS and her extensive experience and understanding of our business will undoubtedly be invaluable in her new role,” incoming GKMS CEO Campbell said of Bruce’s appointment.

The changes come as part of a broader leadership realignment across GK’s financial services division. Alongside Campbell’s appointment, Steven Whittingham has been named as the next CEO of GraceKennedy Financial Group (GKFG), effective August 2025, when he will also take over from Burnett. Whittingham, who has been instrumental in driving mergers, acquisitions, and digital transformation within the group, is expected to focus on expanding GK’s financial services footprint amid intensifying competition in the regional banking and fintech landscape.

The appointments are the latest in a series of leadership transitions at GraceKennedy. The company recently installed Frank James as Group CEO, following the retirement of Don Wehby, who led GK for over a decade. Under Wehby’s tenure, the company’s revenue grew from $58 billion in 2011 to $155 billion in 2023.

GraceKennedy’s financial services division, including GKMS and GKFG, remains a core driver of the group’s earnings, particularly through remittances, insurance, and banking. The leadership reshuffle signals an effort to maintain stability while positioning the company for growth in an evolving financial landscape.

GraceKennedy has named Lee-Anne Bruce as the new COO of the GKMS Group, also effective April 1, 2025.