Massy Hold­ings Ltd's ex­ec­u­tive vice pres­i­dent of Glob­al Ex­pan­sion, David O'Brien, on Fri­day, an­nounced his in­ten­tion to re­sign from the com­pa­ny ef­fec­tive June 8, 2024, ac­cord­ing to a no­tice from the group post­ed on the web­site of the Trinidad and To­ba­go Stock Ex­change yes­ter­day.

O’Brien re­tired as ex­ec­u­tive chair­man of the Mo­tors & Ma­chines Port­fo­lio at the end of Sep­tem­ber, 2022, fol­low­ing which he was ap­point­ed to his cur­rent po­si­tion.

O'Brien is the third ex­ec­u­tive of Massy to an­nounce their de­par­ture from the com­pa­ny in the last three months.

The first to go was Massy's ex­ec­u­tive vice pres­i­dent of Busi­ness In­tegri­ty and Group Gen­er­al Coun­sel, An­gelique Parisot-Pot­ter, who re­signed from the com­pa­ny ef­fec­tive De­cem­ber 27, 2023.

Parisot-Pot­ter used the group’s 100th an­nu­al meet­ing on De­cem­ber 18, 2023 to raise is­sues about Massy’s spend­ing of scarce for­eign ex­change on an ex­ec­u­tive man­age­ment pro­gramme in Fort My­ers, Flori­da that she said in­volves “bizarre rit­u­als” and “high­ly du­bi­ous ac­tiv­i­ties.”

At the an­nu­al meet­ing, Parisot-Pot­ter said she was oblig­ed to speak about sig­nif­i­cant gov­er­nance and fidu­cia­ry con­cerns, as she de­tailed in a 13-page doc­u­ment, which she had pre­vi­ous­ly shared with the group’s CEO, Ger­vase Warn­er.

“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'."

The sec­ond Massy ex­ec­u­tive to an­nounce their de­par­ture from the group was Warn­er, "who has un­der­tak­en to pro­ceed on ear­ly re­tire­ment from the com­pa­ny and re­tire from its board of di­rec­tors ef­fec­tive April 6, 2024," ac­cord­ing to a no­tice from Massy.

Warn­er joined the group as a Massy Hold­ings Ltd di­rec­tor in 2004 and was named as pres­i­dent and group CEO in 2009.

Warn­er is be­ing re­placed by David Af­fon­so, who cur­rent­ly serves as chair­man of the group’s In­te­grat­ed Re­tail Port­fo­lio which com­pris­es more than 65 su­per­mar­kets and sev­en food and non-food dis­tri­b­u­tion busi­ness­es across the Caribbean from Flori­da USA to Guyana South Amer­i­ca.

Massy's prof­it at­trib­ut­able to its share­hold­ers for its first quar­ter end­ed De­cem­ber 31, 2023, was $182.69 mil­lion, 6.2 per cent be­low its prof­it in the same quar­ter the pre­vi­ous year.