Kamal Latham Resigns From EDA

Business Published On June 10, 2020 04:08 AM
Ernice Gilbert | June 10, 2020 04:08:04 AM

Kamal Latham By LinkedIn

Kamal Latham, who served as the V.I. Economic Development Authority's chief executive officer from May 2018, resigned this week from the position. 

The resignation takes effect in July, the Consortium has learned. There was talk of displeasure from Governor Albert Bryan about Mr. Latham's performance. However, when  reached for comment Tuesday morning on whether he had essentially fired Mr. Latham because he was frustrated with the CEO's performance, Governor Bryan responded to the Consortium, "no comment."

Mr. Bryan was once the head of the EDA board, and the authority has been one of the areas where the governor has vowed to deliver growth in the territory by luring new businesses through the E.D.A.'s enticing tax benefits. 

It was unclear how successful Mr. Latham was during his tenure in getting businesses to setup shop in the USVI. And multiple attempts to access the EDA's website Wednesday morning for a list of new firms participating in the EDA's Economic Development Commission program, were unsuccessful, as the website consistently gave an error.

Following the May 2018 appointment, Mr. Latham said,  "I am deeply humbled and honored to share that I have been named CEO of the U.S. Virgin Islands Economic Development Authority. My family and I are excited about this next chapter in our lives."

With Mr. Latham on his way out, Wayne L. Biggs, Jr., EDA assistant chief executive officer/chief operating officer, will hold the post until a new CEO is named.


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