Thursday 12 December, 2019

Management changes at Supreme Venutres

Heather Goldson's appointment as deputy CEO of the Shared Services Division of Prime Sports (Jamaica) Limited follows other recent organisational changes.

Heather Goldson's appointment as deputy CEO of the Shared Services Division of Prime Sports (Jamaica) Limited follows other recent organisational changes.

Supreme Ventures Limited (SVL) has announced the appointment of Heather Goldson as the Deputy CEO of the Shared Services Division of Prime Sports (Jamaica) Limited, effective November 1.

SVL said the appointment is “in line with the board’s focus on streamlining the group of companies in preparation for more aggressive expansion across the region."

Goldson joined SVL as Chief Marketing Officer (CMO) early in 2018, and currently leads the marketing and SV Foundation activities across the group. She will retain responsibility for those areas.

In the meantime, President and CEO, Ann-Dawn Young Sang will spearhead the regional implementation, supported by heads of two new operational divisions in SVL’s wholly-owned subsidiary Prime Sports (Jamaica) Limited – Gaming and Operations and Shared Services.

The divisions will be headed by Xesus Johnston and Dennis Chung as Co-CEO of Prime Sports with responsibility for the two new divisions respectively.

Johnston

SVL in Jamaica Stock Exchange notices said Young Sang will remain President & CEO, and maintain her positions on the Boards of SVL, Prime Sports (Jamaica) Limited, Supreme Ventures Racing & Entertainment Limited and Supreme Ventures Enterprises in Guyana.

SVL said: “The company’s expansion plans are largely being driven by the build-out of operations in their newest subsidiary in Guyana and other opportunities. The company has made major investments in its Jamaican infrastructure in preparation to support the coming additions.”

Chung and Johnston both come to their new positions with a wealth of experience and proven track records in their career backgrounds, SVL noted.

Chung, former CEO of the PSOJ and current Chairman of the NSWMA, is a well-known author, political and financial commentator and has been SVL’s CFO for the past 20 months.

Chung

Johnston has been in the role of SVP Gaming Operations since the beginning of 2019 and has successfully strengthened the company’s retail, sports betting and gaming lounge operations during that time. 

He previously held the role of Commercial Director – Global Airtime and Transactions for 11 counties for Facey Telecoms, and previously General Manager of Jamaica Beverages Limited, Johnston’s leadership history prepares him well for this new role.

"We are looking forward to this next chapter in the Supreme Ventures story; we are strengthening our team and building our capabilities to enable our continued development through regional expansion,” said SVL chairman Gary Peart.

He said the organisational changes enable SVL to “leverage our talent pool to enable increase focus and development in critical growth areas while ensuring that our local operations are fully maximized. The strategy is to bring even more increased value to our shareholders.”

SVL, with assets as at September 30, 2019 of $8.3 billion, passed total comprehensive income targets of $2 billion in 2018. Ticket sales in 2018 were about $62 billion.

The company is the largest gaming and entertainment provider in Jamaica and wants to earn a similar title in the wider region. Company stock prices closed on Monday at $25.50 up 49.42 per cent year to date.

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