Philip Armstrong, one of the more senior members of the Sagicor Group executive team, will leave the insurance conglomerate at the end of May, according to a market filing on Tuesday.
His departure, set for May 24, comes amid what seems to be a management shuffle at Sagicor Group as the Jamaican subsidiary and its Barbadian parent prepare to go through an ownership transition. But the development is still surprising, given Armstrong’s more expansive role at the company as executive vice-president for strategy and innovation and chief technology officer under the leadership of CEO Christopher Zacca.
Last week, Sagicor Group Jamaica announced the restructuring of its Enterprise Risk Management and Compliance Department; the imminent departure of the vice-president in charge of that portfolio, Hope Wint, on March 22; and the appointment of Danielle Davidson as chief risk officer and compliance officer, effective March 25, who was tapped for the position by a special search committee.
The more imminent departure is that of vice-president for group marketing Simone Walker, whose last day on the job is this Thursday. Walker is being replaced by Alysia Moulton White, who will head group marketing in the capacity of assistant vice-president.
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