In late 2014 and 2015, during all the upheaval in the sugar industry, Belizario Carballo was a face that had become synonymous with BSI. And for a while we got the distinct impression that Belizario Carballo - as the company's financial director - was being favoured over his boss, CEO Joey Montalvo. Well, Montalvo retired in mid 2015, and this week we learned that Carballo has opted for early retirement and is no longer with BSI.
Carballo was with the company for 25 years, while Joe Montalvo spent over 40 years with BSI - and before the ASR takeover two were considered the leaders of BSI.
And that's why the early retirement has raised eyebrows, because of the clear suggested that ASR/BSI is flushing out the local bosses, and importing institutional capacity. We note that long time factory manager John Gillett also ended his tenure last year. ASR's public relations people stressed to CTV-3 that Carballo left the company under good terms.
There is currently no plan to fill the senior post.
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