Motilal not pushed out as top exec at MHLT in Trindad, source

31 May 2013 17:00  [Source: ICIS news]

HOUSTON (ICIS)--The former chief executive at Methanol Holdings (Trinidad) Limited (MHTL), Rampersad Motilal, did not resign last week under pressure from minority shareholders, a source close to the company said on Friday.

The company issued a statement on 28 May saying Motilal resigned for personal reasons and that Dennis Patrick had been appointed acting chief executive.

The statement came a week after newspaper accounts of his resignation appeared in Trinidad.

Industry sources speculated that there might be other reasons for Motilal’s resignation, but a source close to the company on Friday denied such talk.

By: Lane Kelley
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