Bermuda Regulatory Authority CEO Steps Down
The Regulatory Authority of Bermuda has announced a change of leadership, with Chief Executive Matthew Copeland stepping down from the post, effective immediately.
The Authority Chair, Angela Berry, on behalf of the board, “thanked Mr. Copeland for his two years of service with the Regulatory Authority and wished him well in his future endeavours.”
Ms. Berry said, “The Commissioners will use this opportunity to consider the future strategy and direction of the Regulatory Authority to ensure we are in a strong position to move forward. This is a new era for the Authority with additional industries being regulated.”
“We will begin the recruitment process for a Chief Executive shortly, and in the interim, Commissioner Aaron Smith will step in as acting Chief Executive, after resigning his position as Commissioner to do so”, she said.
“Mr. Smith has a strong background in IT solutions and telecommunications with over 25 years experience, internationally and in Bermuda,” the RA said.
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what? it is very difficult to see how anyone can take the commissioners seriously
I wonder how much $$$ they paid him to be released from his contract! This is public money people!! They should all be thrown out
“We will begin the recruitment process for a Chief Executive shortly, and in the interim, Commissioner Aaron Smith will step in as acting Chief Executive, after resigning his position as Commissioner to do so”, she said.”
Aaron is a good short term choice but What happened to succession planning? Isn’t this the third time a CEO of the RA has left early?
Lucky to have stayed that long, third CEO since inception of the RA in 2013. A complete and utter waste of time & money. Board, commissioners (bar a couple of new hires) and Chairman should follow. RA pocket $7m per year to run the RA. No value for money, no in-house capabilities, no strategy, no transparency, no industry collaboration, no clue. Kudos to the PLP for finally cleaning up a mess the OBA failed to fix.