ANSA McAL yes­ter­day an­nounced the ap­point­ment of David Welch as the man­ag­ing di­rec­tor of Carib Brew­ery, ef­fec­tive Jan­u­ary 15, 2024

In a news re­lease is­sued yes­ter­day by ANSA McAL's chief ex­ec­u­tive of­fi­cer, An­tho­ny Sab­ga III, the group said in this role, Welch will re­port di­rect­ly to the group's sec­tor head - bev­er­age and will have over­sight and over­all re­spon­si­bil­i­ty for the op­er­a­tions and im­ple­men­ta­tion of the com­pa­ny's busi­ness strate­gic ob­jec­tives.

The group said Welch is no stranger to ANSA McAL, as he had pre­vi­ous­ly held the po­si­tion of mar­ket­ing di­rec­tor at Carib Brew­ery from 2000 to 2006.

The re­lease stat­ed, "He is an ex­pe­ri­enced ex­ec­u­tive with a proven track record in the fast-mov­ing con­sumer goods in­dus­try (FM­CG) and most re­cent­ly led the suc­cess­ful op­er­a­tions as the chief op­er­at­ing of­fi­cer at Dairy Dis­trib­u­tors. He was al­so the for­mer ex­port man­ag­er at Nabis­co In­ter­na­tion­al."

It con­tin­ued, "David is firm in his be­lief that trans­for­ma­tive lead­er­ship and or­gan­i­sa­tion­al pur­pose are the cor­ner­stones of a thriv­ing work­force, dri­ving in­no­va­tion and suc­cess. He brings a strate­gic mind­set to stim­u­late per­for­mance and growth as well as sig­nif­i­cant fi­nan­cial and op­er­a­tional ex­per­tise."

ANSA McAL said along with his sub­stan­tial in­dus­try ex­pe­ri­ence, Welch at­tained his MBA (dis­tinc­tion) from the An­glia Ruskin Uni­ver­si­ty with a spe­cial­i­sa­tion in project and sup­ply chain man­age­ment.

In com­ments in the group's unau­dit­ed fi­nan­cials for the nine months end­ed Sep­tem­ber 30, 2023, ANSA McAL chair­man, Nor­man Sab­ga said: "Our new­ly com­mis­sioned, state-of-the-art re­turn­able bot­tling line at Carib Brew­ery will en­able in­creased ca­pac­i­ty for ex­ports, en­sure con­sis­tent pro­duc­tion of high-qual­i­ty bev­er­ages with greater op­er­a­tional ef­fi­cien­cy, re­duced waste and low­er wa­ter and en­er­gy con­sump­tion.

"This sig­nif­i­cant in­vest­ment un­der­scores our deep com­mit­ment to the cir­cu­lar econ­o­my, with its fo­cus on re-use and re-cy­cling."

In those fi­nan­cials, ANSA McAL re­port­ed af­ter-tax prof­it of $323.78 mil­lion com­pared with $$13.73 mil­lion for the same pe­ri­od in 2022. The group's prof­its for the nine-month pe­ri­od ex­ceed the $251.52 mil­lion it earned for its 2022 fi­nan­cial year.

Carib Brew­ery op­er­ates four brew­eries lo­cat­ed in Trinidad and To­ba­go, St. Kitts and Nevis, Grena­da and Flori­da and of­fers its brands in over 33 mar­kets world­wide, ac­cord­ing to the group's web­site.

In Ju­ly, ANSA McAL an­nounced it had ac­quired a mi­nor­i­ty in­ter­est in the is­sued and al­lot­ted or­di­nary share cap­i­tal of the Ba­hami­an Brew­ery & Bev­er­age Com­pa­ny Ltd.