President lauds Dr. Yesu Persaud’s contribution to Guyana -at appreciation ceremony

Georgetown, GINA, January 25, 2014

 

President Donald Ramotar, on Friday evening lauded Dr. Yesu Persaud, who he said contributed significantly to the growth of the private sector from strength to strength and can be considered one of the pioneers of the local private sector.

President Donald Ramotar and Dr. Yesu Persaud make a toast at the appreciation ceremony while new Chairman of the Demerara Distillers Limited (DDL), Komal Samaroo looks on.

Dr. Persaud retired in December last year from his position as Chairman of the Demerara Distillers Limited (DDL) after serving the company for 48 years.

Speaking at the reception at the New Thriving Events Center, Camp and Lamaha Streets, President Ramotar spoke highly of Dr. Persaud’s contributions to not only the business community, but to the country’s social and economic development as well.

He recalled that the retired chairman’s contribution to Guyana greatly help the transition process that the country made in the difficult years.

Meanwhile, Dr. Persaud’s successor, Komal Samaroo said that under the outstanding leadership of predecessor, DDL has seen a tremendous transformation, whereby the distilling industry is now being used as a base to create a diversified group of companies.

“He’s a phenomenal fighter; he fights for what he believes in and fights to protect what he builds…he dedicated a great portion of his life to build the company, he has provided very outstanding, visionary leadership, and given opportunities to many young professionals in the company,” Samaroo said.

Invitees at the reception in honour of Dr. Yesu Persaud

He added that Dr. Persaud has never been afraid to take risks and ventured out into uncharted waters. He explained that over the years, he (Dr. Persaud) has build, out of a very traditional company, a very modern industry that is in keeping with the trends in the world today.

Dr. Persaud in his remarks said that with determination and perseverance, DDL is now a company that is second to none in Guyana and said that, “DDL is a shining star, there is nothing precluding it from moving forward.”

The company now employs over 1,300 people; creating jobs both locally and abroad with distributors in Canada, United States of America and Europe.

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