Massy Hold­ings Ltd cor­po­rate sec­re­tary and se­nior vice-pres­i­dent of cor­po­rate gov­er­nance, Wendy Ker­ry, has, for the time be­ing, stepped in­to a role va­cat­ed by Angélique Parisot-Pot­ter, the group's for­mer gen­er­al coun­sel and ex­ec­u­tive vice pres­i­dent of busi­ness in­tegri­ty.

Massy Hold­ings yes­ter­day an­nounced that Ker­ry has been ap­point­ed as its act­ing gen­er­al coun­sel.

Her ap­point­ment took ef­fect on Mon­day, Jan­u­ary 8, 2024.

Parisot-Pot­ter re­signed as Massy’s ex­ec­u­tive vice pres­i­dent of busi­ness in­tegri­ty and group gen­er­al coun­sel, on De­cem­ber 28, 2023, ten days af­ter she raised con­cerns about the group’s ex­ec­u­tive lead­er­ship con­sult­ing firm—the Flori­da-based Del­phi Sphere Con­sult­ing at the com­pa­ny's an­nu­al gen­er­al meet­ing.

Pot­ter re­ferred to a 13-page let­ter that she had sent to the com­pa­ny’s pres­i­dent and CEO Ger­vase Warn­er, which out­lined her con­cerns. She said she but had re­ceived no com­mu­ni­ca­tion on the mat­ter.

She told the group's an­nu­al gen­er­al meet­ing: "Among oth­er mat­ters, one alarm­ing is­sue is the so-called ex­ec­u­tive lead­er­ship pro­gramme, which has been present in our or­gan­i­sa­tion for over a decade. This pro­gramme in­volves fre­quent trav­el to Fort My­ers, Flori­da, and week­ly com­mit­ments for over a year at a cost per par­tic­i­pant of tens of thou­sands of US dol­lars for which there were over 11 par­tic­i­pants last year, alone.

"Their bizarre rit­u­als in­clude that they can train Massy em­ploy­ees to com­mu­ni­cate with the dead and that at­ten­dees can self heal with ‘white light en­er­gy’.

"This is a mat­ter of grave con­cern to share­hold­ers be­cause the cou­ple lead­ing this pro­gramme ap­pear to ex­ert dis­pro­por­tion­ate in­flu­ence over our ex­ec­u­tive team.

"In the midst of a for­eign ex­change cri­sis, Massy can­not be spend­ing scarce re­sources on high­ly du­bi­ous ac­tiv­i­ties, and con­tracts award­ed can­not be pushed through with­out pru­dent due process.

"This is not just a gov­er­nance is­sue; it’s a bla­tant dis­re­gard for share­hold­er in­ter­ests. I urge the board to take this, and the oth­er is­sues I have raised, se­ri­ous­ly."

Speak­ing with Guardian Me­dia in in­ter­views af­ter the an­nu­al meet­ing, Warn­er de­fend­ed the ex­pen­di­ture of hun­dreds of thou­sands of US dol­lars on the ex­ec­u­tive lead­er­ship train­ing, which was most­ly held in Fort My­ers, Flori­da.

“But we spend a lot more on oth­er train­ing pro­grammes as well. We have a very heavy train­ing and de­vel­op­ment pro­gramme as we lead 13,000 em­ploy­ees. When you think of $1 mil­lion or $2 or $3 mil­lion in the broad bud­get that we have for peo­ple de­vel­op­ment, we think it is worth the in­vest­ment. We see the re­sults in our bot­tom line from mak­ing in­vest­ments like that.”

At the meet­ing, Warn­er de­scribed the ex­pen­di­ture on Del­phi Sphere Con­sult­ing as "a drop in the buck­et," adding, "Part of why we are able to raise for­eign ex­change in this coun­try is through the per­for­mance of our busi­ness­es. And there is a di­rect link­age to the per­for­mance of our busi­ness­es and the in­vest­ment in these train­ing pro­grammes,”

Massy has since de­nied that these ses­sion in­volved "bizarre rit­u­als".

In a state­ment, the com­pa­ny said it was ap­palled by Parisot-Pot­ter's con­duct and had ini­ti­at­ed a dis­ci­pli­nary process against her. Massy dis­missed her claims as “un­true” and “scan­dalous,” but al­so stat­ed it had ini­ti­at­ed an in­de­pen­dent process to look in­to her claims.

The com­pa­ny con­firmed this process would con­tin­ue de­spite her res­ig­na­tion late last month.