Agostini Group’s Chief Financial Officer (CFO), Nigel Campbell, is poised to resign from his position by the end of this year, as disclosed in a recent notice to the Trinidad and Tobago Stock Exchange. Company Secretary Nadia James-Reyes Tineo confirmed Campbell’s departure, effective December 31, in a statement issued on November 24. While the notice did not specify a successor, it expressed gratitude for Campbell’s significant contributions to the group during his tenure as head of the finance function and as a key member of the executive team. Campbell, who assumed the CFO role on February 1, 2024, succeeding Barry Davis after his promotion to CEO, brought over three decades of financial expertise from his previous role at an energy company. His resignation coincides with Agostini’s ongoing efforts to merge with Prestige Holdings. The company recently announced its fifth extension of the share-swap offer deadline to January 20, pending regulatory approvals, including a merger application currently under review by the TT Fair Trade Commission. Under the proposed terms, shareholders are offered one Agostini share for every 4.8 Prestige shares. Agostini has committed to acquiring and paying for all shares deposited and not withdrawn within the legally mandated timeframe. The offer, initially set to close on July 20, has seen multiple extensions, reflecting the complexities of the merger process. Despite achieving the minimum target shareholding required for the merger in September, Agostini has continued to extend the deadline to navigate regulatory hurdles and ensure a smooth transition.
