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Shareholder cannot appoint CEO of GEBE on Friday judge Orders, verdict to be rendered on May 25th.

May 19, 2016

Shareholder cannot appoint CEO of GEBE on Friday judge Orders, verdict to be rendered on May 25th.
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PHILIPSBURG:--- The Supervisory Board of Directors namely Rene Richardson and Ed Gumbs took the government of St. Maarten to court Thursday afternoon at 3pm to get the court to block the appointment of Williams Brooks as CEO of the company since the screening that has to be conducted by VDSM is not yet completed.
The hearing lasted over three hours as attorney at law Jairo Bloem and the two supervisory board members presented their case to the court. At the end of the hearing the judge forbids the shareholder to hold any meeting on Friday May 20th 2016 to appoint William Brooks as Chief Executive Officer (CEO) of the government owned company. The judge will issue his official verdict on May 25th 2016. The next meeting the Shareholder is scheduled to hold is on May 26th 2016 when they will be dismissing the three remaining board members namely Rene Richardson, Ed Gumbs and Zylena Barry.
More details will be forthcoming shortly.

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Shareholder cannot appoint CEO of GEBE on Friday judge Orders, verdict to be rendered on May 25th.

Source: http://www.sxm-talks.com/?p=13732

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