NAME OF FEATURE | THE GLEANER | FRIDAY, OCTOBER 27, 2023 12 R. DANNY WILLIAMS TRIBUTE SALUTES A TRUE JAMAICAN VISIONARY Pan Jamaica Group pays tribute to the life and work of a true Jamaican visionary, Dr. the Hon. R. Danny Williams OJ, CD, JP, Hon. LL.D (UTech), Hon. LL.D (UWI). Danny has left an indelible mark on our nation’s history and business landscape. His immense generosity touched countless lives and extended to the mentorship and development of Jamaica’s young talent. Danny’s impact will be remembered and celebrated for generations to come. Danny, Thanks for Making a Difference. Published May 5, 2017 Huntley Medley/Senior Business Writer WITH A new man, Christopher Zacca, in the president’s chair at Sagicor Group Jamaica since Monday, retiring chairman of the financial conglomerate R. Danny Williams says overseas acquisitions could be the next frontier for the group that posted more than $11 billion in profits last year. Sagicor bought a small insurance outfit in Costa Rica around five years ago and in the past weeks, outgoing president Richard Byles was in that Central American country looking after business. At the time of the acquisition, Byles was reported as saying that based on the performance of the Costa Rica business, Sagicor Jamaica would determine how large its overseas footprint would be in the future. But it’s unclear whether reality is living up to expectations, as Sagicor did not provide an update. Williams was once the man who ran Sagicor, in its former iteration as Life of Jamaica, and was eventually selected chairman under the current Barbadian owners Sagicor Financial Corporation. He will vacate the chairmanship in June to Byles, who is credited with steering the business from an insurance selling outfit to a diverse operation majoring in life and health insurance, pooled funds, banking, property and tourism. The formal handover will take place at the June annual general meeting being held almost to the day 47 years after the firm was first created with Williams at the helm. This is the last meeting at which Williams will preside as chairman before assuming the ceremonial title of director emeritus, an accolade he has described as “a lovely compliment”. He thinks the transition has been R. Danny Williams signals new frontier as Sagicor changes guard PLEASE SEE GUARD, 14 Outgoing Chairman of Sagicor Group Jamaica, Danny Williams (left) welcomes Christopher Zacca, (centre), the new president and CEO, following the retirement of Richard Byles (right) at the Sagicor cocktail to introduce Zacca, at the Spanish Court hotel in New Kingston on Thursday, May 4, 2017. FILE
RkJQdWJsaXNoZXIy MTUzNTI=