Charles Herbert has resigned as chairman of the Goddard Enterprises Limited (GEL).
In a brief statement today, the company said Herbert “voluntary stepped down as chairman of the Board of GEL with effect from August 7 , 2018.”
The company announced that William P Putnam has been appointed chairman .
The development comes almost two weeks after Herbert appeared in court charged with two other Goddard Enterprises Limited (GEL) employees with possession with intent to supply, trafficking and the importation of 267 lbs or 121.4 kilogrammes of cannabis with an estimated street value of $534, 160 on July 23.
The drug charges against Herbert and his colleagues – non-executive director Chris Rogers and sailor Walter Oneal Prescod – stemmed from a drug bust aboard the Ecstasy, a private yacht owned by Goddard Enterprises. However, so far only Herbert and Rogers have made bail.
Goddard Enterprises today assured its stakeholders and the general public of "its continuing adherence to the highest standards of corporate governance and probity in its business and operations." (PR)
The post Herbert steps down as Goddard Enterprises Chairman appeared first on Barbados Today.