Richard Byles is stepping down as president and chief executive officer of Sagicor Group Jamaica Limited at the end of this month and will be replaced by Christopher Zacca, the Jamaica Observer learnt yesterday evening.

Byles was not available for comment last evening, and Zacca, when contacted, said he had “no comment”.

However, a highly placed Observer source confirmed that Byles will be going on retirement after voluntarily extending his stay at the helm of the organisation two years ago.

Byles, who up to last November served as co-chair of the Economic Programme Oversight Committee, was appointed president and CEO of Sagicor Life Jamaica Limited (formerly, Life of Jamaica Limited), a subsidiary of Sagicor Financial Corp and Sagicor Group Jamaica Limited in March 2004.

http://www.jamaicaobserver.com/news/Byles-leaving-Sagicor_92518