Carreras Limited - Meet the Board & Leadership Team

Other appointments: Mr. Smith is a Director of CAC2000 Limited, for which he is Chairman of the Remuneration Committee and Member of the Audit Committee. He was a Director at the Export-Import Bank of Jamaica, and Jamaica Promotions Limited, Chairman of both Things Jamaican Limited/Devon House and Vice President of the Jamaica Exporters Association

Skills & Experience: Mr. Smith has deep business and industry expertise developed over 30 years working in the Caribbean and Europe. He has had several executive roles in the British American Tobacco network, including Global Account Manager, Dunhill Cigars in Switzerland and Caribbean Business Unit Director in Trinidad. Formerly a Director of both West Indian Tobacco Company Limited in Trinidad and Carreras Limited in Jamaica, Mr. Smith served as Chairman of Demerara Tobacco Company Limited in Guyana and Carisma Marketing Services in St. Lucia. Prior to joining BAT, he was General Manager of the Jamaica Biscuit Company Limited.

Qualifications: Mr. Smith holds a BSc. in Public Administration from the University of the West Indies Mona and an MBA from Nova Southeastern University.

Skills & Experience: Franklin Murillo was appointed Managing Director of Carreras Limited effective October 1, 2022. He first joined the BAT group as an Executive in 2005. He has years of experience mainly in Trade Marketing & Distribution which included responsibility for the Caribbean Island markets in 2009. In 2014, he was appointed the Country Manager for Costa Rica where he ensured growth contributing to the success of the Caribbean and Central American Area. With this appointment, he is returning to the Caribbean after a very successful stint as Brand Deployment and Activation for the next generation of electronic devices, across Iberia markets that include Spain, Canary Islands, Portugal, Andorra, and Gibraltar. Some of his other numerous assignments within BAT are his appointment as Head of Trade/Activation Marketing and Distribution for the Caribbean and Central Regions in 2017 and appointment as Partnership/Multi-Category Manager for Latin America North and the Caribbean in 2018.

Qualifications: Business Administration Degree, Universidad Latina, Costa Rica

Position: Effective February 1, 2020, Raoul Glynn was appointed Managing Director of Carreras Limited. Raoul has over 18 years of experience with the British American Tobacco Group.

Other appointments: Member of the Board of Directors of Demerara Tobacco Company since February 2017

Skills & Experience: Prior, Raoul held the position of Country Manager at Carisma Marketing Services responsible for the general management of 21 markets of the English, French and Dutch speaking Caribbean, the largest volume base in the area. Raoul distinguished himself through his performance in various roles, beginning with that of Executive at West Indian Tobacco Company in Trinidad in 2002; Area Manager, Carisma Marketing Services Unit in January 2004; Trade Marketing and Distribution Manager at Demerara Tobacco (DTC) Guyana, another BAT subsidiary in April 2006. Having earned the opportunity, Raoul was seconded to Carreras in Jamaica where he led a team which achieved positive volume performance in the market. His BAT career continued in February 2012 with the role of Marketing Operations Manager of British American Tobacco Pars in Iran and then, in February 2014, following a short stint in the Middle East Area, Dubai, Raoul assumed the role of Business Development Manager in Costa Rica, with responsibility for the Trade Marketing, Distribution and Activation portfolio for Central America and the Caribbean, leading a strong efficiencies agenda in the region.

Qualifications: BA., University of the West Indies, St. Augustine Campus

Committees: Director, Demerara Tobacco Company, Guyana; Participant- Audit Committee, NOMS Committee, Corporate Governance Committee – Carreras Ltd; Member, Carreras Ltd Superannuation Fund

Other appointments: Director of Television Jamaica Limited, Independent Radio Company Limited and other broadcast media companies forming part of the RJR Gleaner Group. Director of Portland JSX Limited and Do Good Jamaica Limited.

Skills & experience: Mr. McDonald is an attorney and a partner at Jamaican law firm, Hart Muirhead Fatta. He practices mainly in the area of corporate and commercial law, and his experience includes capital markets transactions, mergers and acquisitions, corporate reorganizations, financing transactions, corporate governance, as well as matters in the bauxite and alumina sector. Since 2020, he has served as the Honorary Legal Counsel of the Private Sector Organisation of Jamaica (“PSOJ”). He is a past member of the Corporate Governance Committee of the PSOJ and conducts training in public and private sector corporate governance from time to time, including as part of the Jamaica Stock Exchange e-Campus programme. He has served as an associate tutor at the Norman Manley Law School for a number of years and has been consistently named as one of the leading commercial attorneys in Jamaica by Chambers Global, the internationally recognised legal directory.

Qualifications: Admitted to practice in Jamaica in 1993. Holder of the degree of Bachelor of Laws (Hons.) awarded by the University of the West Indies and the Legal Education Certificate, after attending the Norman Manley Law School.

Other appointments: Deputy Chief Executive Officer and Director of PanJam Investment Limited (PanJam), an investment holding company listed on the Jamaican Stock Exchange, and Director / Trustee of many of its principal subsidiary and associated companies and its pension plan. Director and Audit Committee member of Sagicor Group Jamaica Limited and Sagicor Life Jamaica Limited, and Chairman of the Group Risk Committee. Independent Director, Audit Committee Chairman and Investment Committee member of British Caribbean Insurance Company Limited. Chairman, National Health Fund Pension Plan. Director, Rainforest Seafoods Limited. Director of First Angels Jamaica Limited and Investor Director of two angel-funded companies. Member of the PSOJ’s Listed Companies Committee.

Skills & Experience: Mr. Hanworth has worked for PanJam for 15 years, initially as chief Financial Officer before becoming Chief Operating Officer and the Deputy Chief Executive. In those roles he has spearheaded several add-on and fresh acquisitions and has expanded the Group’s private equity portfolio. Prior to PanJam, Mr. Hanworth founded, ran, and subsequently sold Jamaica’s pre-eminent fine wine import and distribution company. He started his career in Jamaica in 1998 with ICD Group, where he restructured the finances and operations, being directly involved in the restructuring of the Group’s debt with a prominent New York investment bank and the disposition of several business units. Mr. Hanworth began his career at KPMG in the UK, prior to moving to the USA in 1979 where he worked for the firm for 10 years and for Diageo for 9 years, including two years in South Africa from 1994 to 1996. During his career at Diageo, he gained considerable experience in M&A and divestitures as well as financial controllership, financial and strategic planning, and treasury.

Qualifications: Fellow of the Institute of Chartered Accountants in England and Wales (FCA); Member of the American Institute of certified Public Accountants (AICPA); BA and MA (Classics) from Cambridge University; MSc (Management) Rensselaer Polytechnic Institute.

Position: Director

Skills & Experience: Verona Williamson was appointed Company Secretary and Finance Director of Carreras Limited on February 11, 2022 and April 1, 2022 respectively. She initially joined the company as Senior Finance Analyst in 2014 and in 2017 was seconded to the West Indian Tobacco as Finance Business Partner – Operations. Verona returned to Jamaica in 2018 and assumed the role of Commercial Finance Manager which she held until her departure in 2019. In June 2020, she re-joined Carreras as Finance Planning Manager and was later appointed as the Corporate Finance Manager for the WITCO Exports Unit in April 2021.Verona has over 16 years’ experience in Auditing and Accounting. She is a Chartered Accountant and a Fellow of the Institute of Chartered Accountants of Jamaica, as well as the UK based, Association of Chartered Certified Accountants.

Qualifications: Association of Chartered Certified Accounts (ACCA) and Bachelor of Science in Management Studies and Accounts from the University of the West Indies, Mona Campus

Skills & Experience: Andrés commenced his career with BAT in Argentina in 2004, progressing through various and varied Finance roles with increasing responsibility and multi-market experience. In 2017, Andrés had an above-market experience in Globe House as Head of Commercial Finance for AmSSA Region. In 2021 he was VP Commercial Finance for Trade Marketing and Activation at Reynolds. He quickly established the foundation for stronger business partner support, improved the talent pipeline and made significant contributions towards the transformation of both commercial finance as well as the marketing agenda. Andrés had a key role in designing a Total Nicotine Retail Program which will strengthen Reynolds’ competitive position in the market. Additionally, he implemented a new way of reporting by state and by account for the trade department, driving commercial insights and targeted investment.