Senior Reporter
andrea.perez-sobers
@guardian.co.tt
National Energy president Dr Vernon Paltoo will be proceeding on early retirement, bringing an end to more than two decades of service to the state-owned energy facilitator.
However, sources told the Trinidad Guardian that Paltoo was in fact forced into pre-retirement leave, and when National Gas Company (NGC) chairman Gerald Ramdeen was contacted, he said, “I am not aware of this and I am in the middle of a meeting at this time.”
National Energy is a subsidiary of wholly State-owned NGC.
In an internal memo to staff yesterday, Paltoo said the decision followed “careful and deliberate reflection,” describing his years at the organisation as one of the greatest honours of his professional life.
He joined National Energy in 2004 and served as president for nearly 13 years, guiding the company through both growth and challenges in the evolving global energy landscape.
Reflecting on his tenure, Paltoo praised the resilience, purpose, and commitment to national service demonstrated by his team.
“Together, we have shaped an institution grounded in character, progress and national development. What I value most from these years is not only what we accomplished, but how we accomplished it through a spirit of genuine collaboration, mutual respect, and unwavering commitment to a higher purpose,” he said.
Paltoo acknowledged both achievements and adversity during his leadership, stressing that National Energy had remained anchored by a shared belief in the power of collective effort and its mission to support T&T’s development. He added that he was leaving the organisation with pride in its strong foundation and the enduring legacy entrusted to those who remain.
He confirmed that he will proceed on vacation leave from September 29, 2025, leading up to his official retirement in April 2026. During this transition, vice president of Corporate Services and Business Development, Marcia Maynard, will assume the role of acting president effective September 29.
Paltoo ended his farewell on a note of gratitude. “Thank you for the privilege of serving with you. It has been a truly meaningful and rewarding journey, one that I will always carry with me.”
Guardian Media was told that staff were devastated by this move, and many were crying.
A company source said, “The company’s high performance was under Paltoo’s leadership, including its profiling both here and in the region.”