Blog: Lucy BritnerAngostura advertises the news

Lucy Britner | 12 December 2016

Most of the time, changes at the top of a company present themselves in press releases, stock exchange filings or responses from a spokesperson. It was unusual, then, to receive last week a copy of an advert from a newspaper - carrying a pretty big announcement. 

The board of Trinidad & Tobago rum company Angostura Holdings took out the advert in the local press, announcing that Robert Wong, group CEO, "has proceeded on administrative leave, pending an audit into matters touching and concerning his employment duties". 

It is all connected to goings-on at Angostura amid reports in local media that the group's rum production process had been compromised. Angostura has refuted the reports.

Sectors: Spirits

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