THE board of directors of National Industrial and Commercial Investments Limited (NICIL) has announced the appointment of Radha Krishna Sharma as the interim Chief Executive Officer (CEO) of the company.

According to a release, the board noted that NICIL has been without a substantive CEO since October 25, 2018, with the passing of Horace James. The former acting CEO has reverted to his substantive position as head of the Special Purpose Unit.

“Given the importance of NICIL’s operations as the government’s privatization arm and the controversy surrounding many transactions conducted by NICIL over the past few years, the board considered it urgent and necessary to immediately appoint an interim CEO of NICIL for a period of three months, after which the post will be filled following an advertisement inviting suitably qualified candidates to apply,” the release said.

Sharma is no stranger to the corporate world. He has a substantial breadth of experience in the commercial sector, having worked in the capacity of CEO of Guyana Telephone & Telegraph Company from March 2013 to December 2015, and as CEO of Guyana Bank for Trade and Industry from July 2000 to November 2009.