The Chairman of National Enterprises Limited (NEL), Ingrid Lashley, and two other Directors, Ross Alexander and Nicole De Freitas, have announced their decision to retire by rotation at the end of NEL’s Annual General Meeting.
The announcement was made during the company’s AGM, held on Friday at the Radisson Hotel in Port of Spain.
Ms. Lashley, who served as Chairman for the past nine years, informed stakeholders of the decision to step down.
She clarified that the choice not to seek re-election was made prior to the April 2025 General Election, signalling a planned and thoughtful transition in leadership.
“Like the other two directors who have retired, we were coming up for rotation at the next annual meeting, which we thought would have been in June, and in planning for that meeting after the year-end and publication of the financials of NEL, we had undertaken, we had indicated, the three of us, had indicated to the sitting Minister at the time, Vishnu Dhanpaul, that we were not available for re-election.”
Ms. Lashley also addressed a media report claiming that NEL holds shares in Trinidad Generation Unlimited (TGU), firmly refuting the allegation. She reiterated that the company had also previously taken steps to have the inaccurate information corrected.
“NEL does not have any interest in TGU. NEL is a 10% Class B shareholder of PowerGen, and PowerGen has been giving us dividends that contribute to your own dividends over the entire operation since NEL has had shareholdings in that company, with a yield of approximately 7.1% as you will see in your annual report.”