The Tribune

The Bahamas Telecommunications Company’s (BTC) regional parent, LIME, yesterday announced that its chief executive was stepping down after four years at the helm.

David Shaw’s departure is also likely to see a shake-up among LIME’s four representatives on the BTC Board, as he held one of those seats.

Mr Shaw, who has overseen the transformation of LIME, will remain with the business for the next six months to facilitate a smooth handover of responsibilities.

Tony Rice, chief executive of LIME’s parent company, Cable & Wireless Communications (CWC), will take over the leadership of the business, working with LIME’s regional business leadership team.

CWC recently announced its intention to focus its business on the Caribbean and Central American region, after agreeing to sell its Macau and Monaco & Islands operations.

Mr Shawsaid: “As a team, we have achieved a great deal during the past four years. Our business is fighting back in Jamaica, in the Bahamas we are well positioned to face up to competition when it comes, and we are competing strongly in our other markets.

“The business is more focused than ever on delivering for our customers. Being a part of LIME has been an incredible experience and I look forward to seeing the business continue to fulfil its potential, being the driving force in connecting the Caribbean.”

Mr Rice paid tribute to Mr Shaw: “David has managed our Caribbean business through a period of unparalleled and prolonged economic challenges for the region, and difficult market conditions.

“During that period he has done a sterling job to strengthen our business and delivered some critical transformational initiatives. Given the importance and challenges of the Caribbean market to CWC, I am taking direct leadership of the LIME business for a period of time to understand better and pursue the opportunities for investment which will improve the services we provide to customers as well as our cost efficiency and competitiveness.”