REYNOLDS
MANAGING DIRECTOR of the National Housing Development Corporation (NHDC), Milverton Reynolds, has been seconded to the Jamaica Mortgage Bank (JMB).
He will act as general manager for six months starting yesterday. This follows the dismissal of managing director Everton Hanson from the JMB two weeks ago.
Chairman of the JMB, Peter Thomas, resigned from that post on May 24, in the wake of irregularities discovered at the institution. Minister of Water and Housing Donald Buchanan said then that Mr. Thomas' resignation stemmed from breaches in procedures. The breaches relate to the purchase and loan of two motor vehicles belonging to the JMB, as well as the purchase, disposal and occupation of two housing units at the Long Mountain Housing Scheme in St. Andrew.
Company secretary Joseph Shoucair will act as managing director of the NHDC in Mr. Reynold's absence.
