Two executives exit state companies

Lead­er­ship up­heaval hit two ma­jor state-con­trolled com­pa­nies this week, with Na­tion­al Flour Mills (NFM) CEO Ter­rence Kalloo abrupt­ly ter­mi­nat­ed and An­gos­tu­ra Hold­ings Ltd’s group gen­er­al coun­sel and cor­po­rate sec­re­tary Kathry­na Bap­tiste As­see re­sign­ing.

Kalloo’s ter­mi­na­tion took ef­fect im­me­di­ate­ly on Mon­day, while Shya­mal Chan­dra­daths­ingh was ap­point­ed act­ing CEO from yes­ter­day un­til fur­ther no­tice.

NFM is ma­jor­i­ty state-owned, while An­gos­tu­ra is state-con­trolled, plac­ing both com­pa­nies’ man­age­ment de­ci­sions un­der par­tic­u­lar scruti­ny.