There will be change at the top of one of the Caribbean’s leading telecommunications companies.
David Shaw, chief executive officer of LIME, is stepping down after four years in charge of the business, which provides Internet and cell phone services across the region, including in the Cayman Islands.
Mr. Shaw will remain with the business for the next six months to assist with the transition.
Tony Rice, chief executive of LIME’s parent company, Cable and Wireless Communications, will take over the leadership of the business, working with LIME’s regional team. Mr. Shaw thanked his colleagues for their support during his time running the business.
“As a team, we have achieved a great deal during the past four years,” he said. “Our business is fighting back in Jamaica, in the Bahamas we are well positioned to face up to competition when it comes, and we are competing strongly in our other markets.
“The business is more focused than ever on delivering for our customers,” Mr. Shaw added. “Being a part of LIME has been an incredible experience and I look forward to seeing the business continue to fulfil its potential of being the driving force in connecting the Caribbean.”
Mr. Rice paid tribute to Mr. Shaw, saying, “David has managed our Caribbean business through a period of unparalleled and prolonged economic challenges for the region and difficult market conditions.
“During that period he has done a sterling job to strengthen our business and delivered critical transformational initiatives,” Mr. Rice added. “Given the importance and challenges of the Caribbean market to CWC, I am taking direct leadership of the LIME business for a period of time to understand better and pursue the opportunities for investment which will improve the services we provide to customers as well as our cost efficiency and competitiveness.”