Vince Ingham to Retire In December
Ascendant Group Limited announced that Senator A.L. Vincent Ingham, President and Chief Executive Officer, will now retire on 31 December, 2011 – after initially planning to retire on 31 March, 2012.
Ascendant Group Limited is the parent Company of operating companies BELCO, Bermuda Gas & Utility Company Limited, PureNERGY, Media Release Renewables Ltd., Sigma Corporate Services Company Limited and inVenture Limited, as well as BELCO Properties Limited and BTS Limited.
In November, Mr Ingham was appointed to the Senate, and the Progressive Labour Party announced he will be their candidate for Constituency #19 Pembroke West in the next General Election.
Chairman of Ascendant Group Limited, Mr. J. Michael Collier stated, “Vince is largely responsible for the strategic initiatives on which the Group is currently focused.
“These initiatives were adopted by the Board of Directors on 2 December, 2011 and they are to grow existing energy-related businesses and investment in utility and infrastructure companies in Bermuda, as well as expand the earning base of the Ascendant Group of Companies.”
Mr. Collier on behalf of the Board thanked Senator Ingham for his long service to the Ascendant Group of Companies and wished him well in his future endeavours.
Mr. Collier noted that the Board has engaged the internationally recognised search firm of Heidrick and Struggles, and a leading Global Management Consulting firm Oliver Wyman to establish an orderly succession process and leadership development plans for the Group Executive and Management Teams.
The Ascendant Board of Directors will be considering both internal and external candidates for the President and Chief Executive Officer position
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- Former Sen. Vince Ingham Resigns From PLP | Bernews.com | April 9, 2013
He should stay retired…early or late^^
Sooooo, a general election in Q1 of 2012 then?
I thought he ought to have been fired after the BELCO fire that plunged the island into darkness. He was chief engineer or similar (i forget the exact title) at the time and it happened on his watch.
I’m no fan of aspiring politicians Sandy….but you’re not being fair. Ingham answers to a Board of Directors. If BELCO shareholders (rich priveledged bastids like yourself) are more interested in a dividend that capitol investment, how the hell is Ingham’s fault
Fair point, but the fire was caused by procedural and engineering failure (as I recall).
Trust me, if I were rich and priviliged, I wouldn’t be here.
No one knows what caused the initial fire, but it wasn’t human error. It could have been contained if fail-safe automated fire suppression systems were updated. If you want to place blame, forget Ingham, they had a very expensive ‘fire marshall’ on payroll at the time.
Bottom line is that BELCO infrastructure at the time was held together with wrigglys chewing gum while the board where spinning off dividends and patting themselves on the back (typical 40theives monopoly)….a catastrophe waiting to happen….like the pot holes running the length of front street, sooner or later you’re gonna hit one.
It has to be human error – poor systems, no upgrades, no testing….either way..it’s human error.
Embrace the point. BELCO is like so many other so called local businesses. slow to innovate, stingy with re-investment and fixated by profits by any means necessary.These are the same people who say the planned increase to electricity bills is needed to fund infrastructure improvements. Ah hello ? In the real world you improve first then use improved service as the rationale to raise prices. Only in Bermuda. Anyway, well done Vince. Good to have you on the team….after a hiatus in the cushy wilderness these last 30 years.
Hmmmmmmm…..how can Ingham change his Pro-Business spots to Pro-labor so suddenly? Guys like him, Furbert, Hall (RIP), Bell, Simmons, correia, smith, the chamber of commerce guy and anyone else who jumped ship to declare their new-found interest in service to the labor government are the worst examples of ‘innit 4 me’ that it makes me gag. I have more respect for Laverne, at least she’s consistant.
oooops sorry Sandy….but it wasn’t human error…Directors are not human….they are just the opposite. More like in-human error.
Is anyone else retiring
So the office scuttlebutt is true then… LOL!!!