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Sagicor Group Chairman Byles to be inducted into PSOJ Hall of Fame

Tuesday, September 12, 2017

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KINGSTON, Jamaica— Sagicor Group Chairman Richard Byles will soon become the 25th inductee in the Private Sector Organisation of Jamaica's (PSOJ) Hall of Fame.

The PSOJ, in its announcement, noted its first-hand experience with Byles' “decisive and results-oriented leadership” during the periods 1997 - 1999 when he served as the organisation's honorary secretary, and 2000 – 2001 as its vice president.

“Throughout his years of direct service to the PSOJ, Byles has been one of the unifying voices advocating strongly, in support of private sector policies that would fuel the necessary conditions for the growth and economic development of Jamaica,” the PSOJ statement said.

“As the chairman and former president and chief executive officer (CEO) of Sagicor Group, Byles' leadership has been characterised by a series of successful mergers, acquisitions and divestments, which have led to massive increases in profits and net worth of the organisation as well as contributed to the entity's amplified brand awareness,” the PSOJ added.

Dennis Chung, PSOJ CEO said that Jamaica will be forever indebted to Byles for his contributions to the nation, especially during the time he served as co-chairman of Jamaica's Economic Programme Oversight Committee (EPOC), which had oversight responsibility for the implementation of the IMF Agreement with the Government of Jamaica. Chung added that the unparalleled success of the EPOC internationally, led to it becoming a standard enquired about, and modelled by other countries as a way to addressing their own fiscal challenges.

Byles joins a list of illustrious inductees, including last year's recipient, Gary 'Butch' Hendrickson chairman and CEO of Continental Baking Company, and the 2015 recipient Earl Jarrett CEO of JN Group.

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