Ansa McAL appoints Attzs, Pemberton to board

ANSA McAL Ltd has unveiled significant changes to its leadership structure, appointing Dr. Marlene Attzs and Joel ‘Monty’ Pemberton to its board of directors, effective November 1. The announcement, filed with the TT Stock Exchange on October 22, highlights the company’s commitment to strengthening its governance framework. Dr. Attzs, a distinguished development economist and lecturer at the University of the West Indies, brings expertise in sustainable development, climate resilience, and disaster-risk management. Pemberton, a seasoned energy-sector executive, offers extensive regional and local experience. These appointments come as ANSA McAL navigates a transformative phase, marked by strategic acquisitions and financial recalibration. The company’s latest financial disclosure revealed a 14% decline in profit after tax for the first half of 2025, totaling $310 million compared to $362 million in the same period of 2024. However, second-quarter revenue surged by 12% year-on-year to $1.99 billion, with profit before tax climbing to $217 million from $189 million. Earnings before interest, tax, depreciation, and amortization (EBITDA) also grew by 31% to $409 million. In March 2025, ANSA McAL announced a three-year suspension of dividend payments to channel capital toward expansion and debt reduction, following its $327 million acquisition of Bleachtech LLC, a U.S.-based chlor-alkali manufacturer. Despite initial share price fluctuations post-announcement, the company’s diversified business model and robust balance sheet have since stabilized investor confidence. ANSA McAL, a conglomerate with interests spanning automotive, beverages, construction, financial services, and utilities, remains focused on long-term regional growth and portfolio diversification. The roles of the new board members in specific committees or additional responsibilities have yet to be disclosed.