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Saturday, June 14, 2025

Unilever gets new MD

by

22 days ago
20250523
New managing director of Unilever Caribbean Ltd, Ginelle Lambie

New managing director of Unilever Caribbean Ltd, Ginelle Lambie

Unilever Caribbean Lim­it­ed (UCL) has an­nounced the ap­point­ment of Ginelle Lam­bie as the man­ag­ing di­rec­tor of the com­pa­ny, ef­fec­tive May 14, 2025.

Lam­bie joined UCL, which is list­ed on the T&T Stock Ex­change, in April 2023 in the role of na­tion­al fi­nance man­ag­er. Be­fore join­ing the com­pa­ny, she served as the chief fi­nan­cial of­fi­cer at An­gos­tu­ra Hold­ings Ltd be­tween De­cem­ber 11, 2017 and March 25, 2023.

On Jan­u­ary 1, 2024, she was ap­point­ed as an ex­ec­u­tive di­rec­tor and the act­ing man­ag­ing di­rec­tor.

Ginelle holds a Bach­e­lor in Busi­ness Ad­min­is­tra­tion, a Mas­ter of Sci­ence in Ac­coun­tan­cy and is a Cer­ti­fied Pub­lic Ac­coun­tant.

In a news re­lease, Unilever said Lam­bie brings over 20 years of ex­pe­ri­ence in fast mov­ing con­sumer goods (FM­CG), man­u­fac­tur­ing, telecom­mu­ni­ca­tions, me­dia and en­ter­tain­ment and bank­ing in the Unit­ed States and T&T. She has over 11 years’ ex­pe­ri­ence in busi­ness analy­sis and fi­nan­cial re­port­ing in FM­CG com­pa­nies.

On May 15, Unilever re­port­ed a prof­it af­ter tax for its first quar­ter of $16.2 mil­lion, which was an im­prove­ment of 169 per cent, com­pared to the $6.02 mil­lion the com­pa­ny earned in its first quar­ter of 2024.

The com­pa­ny’s rev­enue in the pe­ri­od Jan­u­ary 1 to March 31, 2025, was $81.20 mil­lion, which was 42.3 per cent more than its sales in the com­pa­ra­ble quar­ter in 2024. Unilever’s rev­enue in the first quar­ter of 2024, in­clud­ed a sig­nif­i­cant one-off trans­ac­tions re­lat­ing to its new dis­tri­b­u­tion mod­el.

“This change in dis­tri­b­u­tion mod­el is a strate­gic re­cal­i­bra­tion and a crit­i­cal el­e­ment in en­sur­ing sus­tain­able growth while nav­i­gat­ing the chal­leng­ing and dy­nam­ic eco­nom­ic en­vi­ron­ment,” said Unilever’s first quar­ter re­sults.

The com­pa­ny re­sults pro­vid­ed earn­ings per share for the quar­ter of $0.62, in­di­cat­ing a note­wor­thy in­crease from $0.23 per share in the cor­re­spond­ing pe­ri­od of 2024.

The board of di­rec­tors has ap­proved a quar­ter­ly in­ter­im div­i­dend of $0.16 per share, amount­ing to $4.2 mil­lion based on the com­pa­ny’s fi­nan­cial per­for­mance.


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