CUC boss rings trading bell at Toronto exchange
(L-R) Former President and CEO of CUC, Peter Thomson; Letitia Lawrence, VP Finance and CFP, CUC, Richard Hew, President and CEO, CUC, Claire Stafford, Assistant Company Secretary, CUC; and Scott Hawkes, Former Corporate Secretary, CUC at the Opening of the Toronto Stock Exchange, 15 April 2016
(CNS Business): Richard Hew, the President and CEO of Caribbean Utilities Company, Grand Cayman’s private sector power provider, rang the bell to open the day’s trading on the Toronto Stock Exchange on Friday to mark the firm’s 50th anniversary celebrations and 25 years of trading on Canadian exchange. CUC, which marks 50 years of incorporation on 10 May, was the first Cayman-based company to be listed on an international stock.
Hew said it was a “tremendous honour” to start the day’s trading. “This is indeed a momentous occasion for the company and a fitting way to start our 50th anniversary celebrations. CUC is proud to be associated with the Toronto Stock Exchange for the past 25 years. The initial public offering provided the strong financial platform that has allowed CUC to grow into the strong Company it is today.”
Category: Local Business
If only they could generate electricity as well as they telegraph self-promotion. CUC is a dim glimmer of its former self.
Just generate dividends for your shareholders and not perks for your management.