Woody Foster is the new Cayman Islands Chamber of Commerce president.
Foster accepted the top leadership role on Wednesday, 8 Jan.
“As we enter a new decade, the Chamber’s leadership in advocacy matters is even more critical,” Foster said in a Chamber press release. “The panel discussion on population growth [at the 2019 Economic Forum] generated considerable member and public discussion as we considered Cayman at 100,000 population and its implications on all aspects of our economy. The pressures on all aspects of our society are certainly evident.”
He added, “It is a fact that the Cayman Islands is no longer the little upstart economy that was hungry for business nearly 60 years ago. Years of rapid growth is forever changing the nature of our society. While we are thankful to those visionary leaders who created the economy we enjoy today, the time has come to evaluate the current situation to ensure that the society that we are developing will be suitable for our children and their children.”
This is the first time a son of a past president has been elected as president of the Chamber. Foster’s father, the late David Foster, held the position in 2000-2001.
Shomari Scott, director of business development at Health City Cayman Islands, was appointed the new vice president of the Chamber.
Troy Burke, director of Heritage Holdings, Jenn Cowdroy, director and co-owner of Island Montessori and Dave Johnston, managing director of Corporate Electric Ltd., were elected as councillors and will serve two-year terms.
They join Professional Yacht Management owner Tim Bradley, Charterland partner Simon Watson, and GreenTech Group director Amanda Wilson, all of whom are set to serve their second year on the council.
The Chamber is celebrating its 55th anniversary this year.