~ CFO and COO must execute suspension. ~
PHILIPSBURG: --- The Supervisory Board of Directors of GEBE suspended the CEO of the company Kenrick Chittick on Monday afternoon. Chittick was given the letter of suspension which stated that he is suspended for a period of nine days while the other two management team members got instruction that the CEO must turn in the keys for the company offices, his badge must be deactivated, while his laptop must be turned in. Chittick is not authorized to enter GEBE premises during the period of his suspension.
According to information provided to SMN News, the CEO mislead the Supervisory Board on numerous occasions by providing inaccurate information regarding the company finances.
Due to the inaccurate information provided to the Supervisory Board GEBE was fined $150,000.00 by Pacific Life, the company bondholders.
SMN News further learned that Chittick already received 3 warning letters in the past and now the fourth, two from the previous board when he disrespected a former board member, and when he verbally attacked the chairman Bienvenido Richardson.
