7 News Belize

SSB Sends Dylan Reneau to BEL Board
posted (October 20, 2006)

He's already serving on the Social Security Board of directors, and now Dylan Reneau will do the same for Belize Electricity Limited. Reneau has been named one of the Social Security's appointed directors on BEL's Board. Because it owns 27% of BEL, Social Security gets to appoint two directors. Belize Electricity Limited announces the appointment of Dylan Reneau as director on the company's board of directors as of the second quarter, 2006.

Chairman of the Board, Robert Usher, welcomed Reneau to the board saying that "his experience in business and labor relations should be an asset to the company's administration." Reneau was appointed by the Social Security Board, which, by virtue of its shareholdings, has the right to appoint two directors and appoint replacements for such directors in the event of their resignation, retirement or removal.

Fortis Inc. of Canada, through various subsidiaries, owns 70% of BEL, SSB owns 27% and the remaining 3% is owned by other corporations and small shareholders in Belize. The BEL Board of Directors is presently comprised of Chairman Robert Usher, Deputy Chairman H. Stanley Marshall and directors Richard Hew, Philip Hughes, James Lea, Karl Menzies, Dylan Reneau, Yasin Shoman and Lyn Young.

Reneau is also president of the Public Service Union of Belize, General Secretary of the National Trade Union Congress of Belize, a director of the Belize Social Security Board and was President of the Caribbean Public Service Association for the period 2005 to 2006.

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