Ascendant Group Announces Organisational Changes to its Leadership Team

Hamilton, Bermuda – 3 October 2018 – In a filing with the Bermuda Stock Exchange (“BSX”), Ascendant Group Limited (the "Ascendant Group" or “Company”; Ticker: AGL.BH) announced organisational changes to its leadership team.  The fill filing stated:

Ascendant Group Limited (“Ascendant” or the “Company”) today announced the departure of four senior executives from the organisation, two have resigned and two positions were made redundant, effective Wednesday, October 3^rd, 2018. 

Denton Williams resigned from his position as Senior Vice President of Ascendant and Chief Operating Officer of Bermuda Electric Light Company Limited (“BELCO”).

Mr. Williams joined BELCO as an apprentice in 1989 as part of the BELCO apprenticeship programme.  He has worked in the plant as a qualified electrician and foreman and then transferred to the new Operations Centre as an Automation Technologist.  During this time, he pursued a Bachelor of Science in Information Technology and continued his formal education by obtaining his MBA from Walden University and attending the Stanford Executive Program. 

Over the years, Mr. Williams pursued more advanced management roles within the Company culminating in him becoming SVP of Ascendant and COO of BELCO in 2012.  Along the way Mr. Williams has imparted his wisdom to the next generation of leaders at Ascendant.

Mr. Williams has contributed a tremendous amount of energy and knowledge to make Ascendant what it is today – positioning future leaders of the Company for success.

Also leaving the Company is Michael D. Daniel, Ascendant SVP and Chief Strategic Development Officer.

Mr. Daniel joined BELCO 29 years ago as an apprentice and later became a Grade 1 electrical fitter in the Transmission and Distribution Department.  His desire for continuous learning led him to obtain a Bachelor of Engineering Degree (BEng) from Loughborough University (UK) with first class honours as well as complete the Harvard Business School (USA) Executive Management Program in 2010. 

Over his 29 years, Mr. Daniel has served in various technical, management and leadership positions.  His passion for strategy and creating sustainable value in energy and infrastructure related businesses led to the role of Senior Vice President in 2012 and Chief Strategy Officer of Ascendant in 2016.

Carol Ross-DeSilva, Ascendant VP, Organisational Excellence has also left the Company.  

Ms. Ross-DeSilva played a critical role in many parts of the business for over 23 years.  Most recently as Vice President of Organisational Excellence.  Over the last two years she has successfully implemented the platform for understanding and enhancing our business processes, which has been of great benefit to our power generation business.  Ms. Ross-DeSilva is a strong advocate for the development of women and proudly founded and led the Ascendant Women’s Initiative Network (AWIN). Through her efforts and hard work, she has impacted many of the women across the Company through mentoring and arranging guest speakers and panels to facilitate discussion on provoking issues to enhance the Company, community and self.

Zehena Davis resigned from her position as Vice President, Human Resources of Ascendant.

 
 Ms. Davis joined the company four years ago as Vice President of Human Resources and is credited with implementing our talent and performance management system, Talent Hub.  She contributed tremendous knowledge and energy to our organisation and positioning future leaders of the Company for success.  Ms. Davis is a highly regarded HR professional who developed excellent relationships within the Company during the time she served the Group.

Mr. Durfy said: “Each of these individuals should be proud of the impact that they have made on our employees and the organisation over the years.  The Board of Directors and I are grateful to these very talented people for their service to the Company and wish them the very best in their future endeavours.”

About Ascendant Group Limited

Ascendant Group Limited is a Bermuda-based, publicly traded holding company that through its subsidiaries provides energy and energy-related services.  Ascendant Group Limited (AGL.BH) is listed on the Bermuda Stock Exchange (BSX) and is the parent company of Bermuda Electric Light Company Limited (BELCO), and AG Holdings Limited, which includes AIRCARE LTD., IFM Limited, iEPC Limited and Ascendant Properties Limited.  For further information about Ascendant Group Limited, visit www.ascendant.bm.