Republic Financial Holdings Ltd (RFHL) is undergoing significant boardroom changes with the confirmed departure of director Robert Riley, effective December 6. This marks the fourth high-level resignation from the financial institution’s leadership in just over two months, creating a substantial shift in corporate governance.
The resignation was formally disclosed through public channels and the Trinidad and Tobago Stock Exchange on December 9, in compliance with Section 64(1)(B) of the Securities Act 2012. This regulatory framework requires listed entities to promptly announce material alterations to their board composition.
Robert Riley, an experienced energy-sector executive and corporate veteran, had served on RFHL’s board since October 2016. His departure follows those of Shameer Ronnie Mohammed (October 3), Waltnel X Sosa (October 7), and Jason Mootoo (November 21).
This wave of resignations coincides with the government’s publicly stated objective to secure majority representation on RFHL’s board. Finance Minister Davendranath Tancoo initially signaled this strategic move during his presentation of the 2025-2026 national budget on October 13.
According to RFHL’s 2025 annual report, the board comprised twelve directors as of September 30. Further changes are anticipated at the upcoming annual meeting scheduled for December 15 at Port of Spain’s Hyatt Regency. Current chairman Vincent Pereira is expected to step down due to reaching the bank’s mandatory retirement age of 70, while director Kristine Thompson is also anticipated to retire during the AGM proceedings.