McLetchie Named Deputy CEO for Smooth Transition at Massy
Portfolio - People | Dec 06, 2024 | EIN
James McLetchie has been appointed as the deputy group chief executive officer of Massy Holdings Ltd, effective January 1, 2025, as part of a structured leadership succession process. With over 30 years of experience in finance, international mergers and acquisitions, transformation, and strategy, McLetchie is well-equipped to support the company in strategic decision-making and maintaining stakeholder value. He will collaborate closely with the current president and group CEO, David Affonso, who is slated to retire in 2026. Throughout this transition, McLetchie will continue to fulfill his current role as group CFO, ensuring stability in financial operations. The appointment highlights Massy’s commitment to a seamless leadership transition and sustained focus on its strategic goals.
Sectors
- Corporate Finance
- Consulting
Geography
- Trinidad and Tobago – Massy Holdings Ltd is headquartered in Trinidad and Tobago, where James McLetchie also holds citizenship.
- United States – James McLetchie's previous experience and education in the United States are relevant to his new role at Massy.
Industry
- Corporate Finance – The appointment of a new deputy CEO with a background in finance highlights the emphasis on financial strategy and management for the company's future.
- Consulting – James McLetchie's extensive experience with firms like McKinsey & Co underscores the importance of strategic advisory in the transition process.
Financials
- 2026 – Year in which the current CEO, David Affonso, is expected to retire as part of the succession plan.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| James McLetchie | Deputy CEO | People | Newly appointed deputy group chief executive officer of Massy Holdings Ltd. |
| Massy Holdings Ltd | Target Company | Companies | A multinational conglomerate headquartered in Trinidad and Tobago, undergoing a leadership transition. |
| David Affonso | Current CEO | People | Current president and group chief executive officer of Massy Holdings Ltd, retiring in 2026. |