Frank James to Lead Grace Kennedy: A New Chapter
Portfolio - People | Jan 14, 2025 | EIN
Grace Kennedy Limited, a prominent conglomerate in the Caribbean, is undergoing a significant leadership transition as current Group CEO Don Wehby is set to retire in February 2025, marking the company's 103rd anniversary. Frank James, currently the CEO of Grace Kennedy's Domestic Foods Division, has been announced as Wehby's successor. James, who joined the company in 2005, will assume the role of Group CEO and join the Board of Directors concurrent with Wehby's departure. Under Wehby's leadership, Grace Kennedy's revenue more than doubled, growing from 58 billion dollars in 2011 to 155 billion dollars in 2023. He also guided the company's strategic expansion through mergers and acquisitions, which positioned Grace Kennedy as a premier entity in the Caribbean. Wehby, who also served as a Government Senator, stepped down from this position last year for health reasons.
Sectors
- Conglomerate
- Food and Beverage
- Financial Services
Geography
- Caribbean – Grace Kennedy is one of the largest and most dynamic entities in the Caribbean, with a strong presence and impact in the region.
Industry
- Conglomerate – Grace Kennedy Limited operates as a conglomerate with diversified interests, including food and financial services, making it a significant player in the Caribbean region.
- Food and Beverage – Grace Kennedy's Domestic Foods Division highlights the company's substantial operations within the food and beverage industry.
- Financial Services – Grace Kennedy also has significant operations in financial services, contributing to its status as a large conglomerate.
Financials
- 155 billion dollars – Grace Kennedy's revenue in 2023, showing significant growth from 58 billion dollars in 2011 under Don Wehby's leadership.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grace Kennedy Limited | Target Company | Company | A leading Caribbean conglomerate known for its diversified business operations in food and financial services. |
| Don Wehby | Outgoing Group CEO | Person | Current Group CEO of Grace Kennedy who will retire in February 2025. |
| Frank James | Incoming Group CEO | Person | Current CEO of Grace Kennedy's Domestic Foods Division, set to become the new Group CEO in February 2025. |