Angostura Holdings Ltd CEO Laurent Schun will start providing advice on the company’s international expansion from Miami, Florida from Monday.
In a material change disclosure posted on the T&T Stock Exchange website yesterday, Angostura said the move is a bid to intensify its international expansion efforts and prepare to launch its newly styled premium rum Range in the global market.
The board of directors approved for Schun to operate primarily from Miami, Florida.
The rum and bitters company indicated that the strategy would enable the CEO to place increased focus on key international business development initiatives.
Schun has been managing Angostura from its Laventille headquarters since he joined the company as CEO in January 23, 2023.
In a news release yesterday, Angostura disclosed that Schun’s two year employment contract comes to an end in January 2025. It said for the remaining four months and two weeks of his employment contract, he will serve solely in an advisory capacity, in respect of specific aspects of the company’s international business development.
It said Angostura’s day-to-day business operations, both local and international, will be managed by three of the company’s senior executives Ian Forbes, chief operating officer, Rahim Mohammed, executive manager, business efficiency and shared services and Kathryna Baptiste Assee, group general counsel/corporate secretary.
“These are the main executives who led the company during the period 2018 to 2023, when the company was without a substantive CEO,” the release said.