Former First Citizens chairman Nyree Alfonso said last night that she had indicated to Finance Minister Larry Howai she would be retiring and not seeking re-election.
She was responding to questions by the Express yesterday at the tea party at the Diplomatic Centre, St Ann’s, hosted by Prime Minister Kamla Persad-Bissessar.
At the post-Cabinet news conference yesterday, Howai said members of the First Citizens board were notified they would not have the ministry’s support in their re-election.
At the annual general meeting this week, Alfonso and three other directors—Rishi Baddaloo, Shobee Jacelon and Marlene Juman (permanent secretary in the Ministry of the Attorney General)—were voted out of office by the Corporation Sole when their re-election was put to shareholders.
Alfonso confirmed to the Express that she was indeed notified beforehand about the non-support from the Corporation Sole and had already decided to step down.
“I wish it could have ended better,” she said when asked her thoughts on the aftermath of the meeting. I am happy to return to private life from whence I came,” she said.
On possible replacements, Alfonso said, “I’m sure they have better people than me...I won’t be missed.”