McLetchie named as Massy deputy CEO | Local Business

JAMES  McLetchie has been named the deputy group chief executive officer of Massy Holdings Ltd, as the organisation prepares for the retirement of its current CEO, David Affonso, in 2026.

McLetchie will assume the role effective January 1, 2025.

Currently, he serves as group chief financial officer (CFO) and executive vice president of Massy.

“James, a Trinidadian citizen, joined the Massy Group in 2023. He has over 30 years’ experience in finance, international mergers and acquisitions, transformation, and strategy. James began his career with Price Waterhouse in Trinidad before pursuing an MBA in Finance and Management Information Systems at Purdue University. He then joined PricewaterhouseCoopers in the United States, working in multiple cities across North America. Later, James joined McKinsey & Co, where he was part of the global M&A leadership team, leading the Merger Management and Organization teams for the UK and Irish offices. He has worked in multiple countries, including Brazil, Chile, the United States, the United Kingdom, Germany, France, Turkey, Japan, and India,” a release from massy stated.

Massy stated that his appointment to the deputy group CEO position underscores the board’s commitment to “maintaining momentum and delivering stakeholder value through a structured leadership succession process.”

“In his new role, James will work closely with the Massy Group’s current president and group chief executive officer, David Affonso, who is expected to retire in mid-2026. The appointment of the Deputy Group CEO assures a seamless transition, while maintaining focus on delivering value to all stakeholders in alignment with the Group’s strategic priorities,” it stated.

Affonso assumed the role of Massy CEO following Gervase Warner’s retirement on his 59th birthday, April 6.

“During the transition period, while the Group actively recruits a new Group CFO, James will continue to fulfil the responsibilities of this office to ensure continuity in financial management, reporting, and investor engagement,” it stated.

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