Trinidad Ce­ment Ltd (TCL) an­nounced two changes to its ex­ec­u­tive man­age­ment team via the T&T Stock Ex­change web­site yes­ter­day. 

The changes were ef­fec­tive as at Ju­ly 1, 2024.

TCL said its gen­er­al man­ag­er, Guiller­mo Ro­jo De Diego, will be re­placed by Ce­mex vice pres­i­dent – com­mer­cial in Colom­bia, Gon­za­lo Rue­da Castil­lo. And Gus­ta­vo Ale­jan­dro Ruiz Sil­va will be re­placed by Rober­to Adri­an Vil­lar­real as group strate­gic plan­ning man­ag­er. 

Ro­jo was ap­point­ed gen­er­al man­ag­er in 2019 and will help Castil­lo tran­si­tion in­to the role. 

Castil­lo will over­see TCL’s op­er­a­tions in T&T, Bar­ba­dos, and Guyana. The com­pa­ny said Castil­lo has over 25 years of ex­pe­ri­ence in the com­pa­ny. 

Sil­va was ap­point­ed strate­gic plan­ning man­ag­er in 2021. 

His re­place­ment, Vil­lare­al, has been in the Caribbean for the past ten years and was the gen­er­al man­ag­er re­spon­si­ble for op­er­a­tions of TCL units in Bar­ba­dos and Guyana, name­ly Arawak Ce­ment Com­pa­ny Lim­it­ed and TCL Guyana In­cor­po­rat­ed. 

The com­pa­ny’s prof­it for 2023 was 194.4 per cent more than the $57.80 mil­lion it earned in 2022. For the first three months of its 2024 fi­nan­cial year, TCL de­clared $78.31 mil­lion in af­ter-tax prof­it com­pared to a loss of $1.68 mil­lion for the same pe­ri­od in 2023. 

The com­pa­ny’s an­nu­al meet­ing is sched­uled to be held on Fri­day at the Hilton Trinidad and Con­fer­ence Cen­tre.  

In the no­tice on the T&T Stock Ex­change web­site in May, TCL said sub­ject to the de­c­la­ra­tion of the rec­om­mend­ed div­i­dend by the com­pa­ny’s share­hold­ers, “the pay­ment shall be made on Sep­tem­ber 9, 2024, to share­hold­ers list­ed on the reg­is­ter of mem­bers, as at a record date of Au­gust 13, 2024, and the ex-div­i­dend date of Au­gust 12, 2024.”