The Tribune

By FAY SIMMONS

TRIBUNE BUSINESS REPORTER

jsimmons@tribunemedia.net

SUNSHINE Finance is splitting its top executive responsibilities, elevating President Rosel Moxey to chief executive officer while launching a search for a new president to take over the company’s daily leadership.

The move was announced yesterday by Sunshine Holdings chairman Sir Franklyn Wilson in a letter to staff outlining two significant changes within the group’s executive leadership team.

Sir Franklyn said Mrs Moxey’s transition follows approximately 13 years as president, during which Sunshine Finance “has experienced substantial growth and transformation”.

He said the company has materially expanded its lending services, product offerings and customer base, established itself as a leader in private lending in The Bahamas, achieved multiple record profitability results and maintained a strong record of staff retention and corporate citizenship.

Sir Franklyn described the transition as being undertaken “from a position of strength”, saying it is intended to build on the company’s achievements while providing continuity in its leadership, values and strategic direction.

As CEO, Mrs Moxey’s responsibilities will increasingly centre on corporate strategy, major growth opportunities, institutional relationships, Board engagement and shaping the company’s longer-term direction.

She will also become more involved in strategy at the holding company level.

The group will now begin searching for a new president of Sunshine Finance, with the successful candidate expected to assume primary responsibility for the company’s day-to-day leadership, management, execution and financial performance.

Sir Franklyn said the president will work closely with Mrs Moxey and the broader executive leadership team to maintain operational continuity, strengthen the management structure and deliver agreed results within the company’s established governance framework.

“This leadership model will allow Sunshine Finance to retain the benefit of Rosel's experience and strategic guidance while introducing additional executive capacity to support continued expansion and long-term success,” he said.

The leadership reshuffle also includes the planned departure of Annie-Laurie Munroe, vice president of Human Resources and Corporate Culture, who will step down at the end of September to pursue academic study full time.

The company said recruitment for a permanent successor is already underway and that it is committed to maintaining continuity across its human resources services during the transition.

Ms Munroe has spent 13 years with the organisation, including 10 years as in-house counsel for Arawak Homes Ltd and the past three years leading the group’s human resources and corporate culture portfolio.

Sir Franklyn credited her with helping strengthen the group’s compliance framework, advance its human-capital priorities and foster a supportive organisational culture.

He said the two leadership changes reflect the group’s “ongoing commitment to thoughtful succession planning, leadership continuity and sustainable growth across the Group.”

Staff have also been invited to recommend candidates for both executive positions, with recommendations to be treated in strict confidence.