Published On: Thu, Dec 6th, 2012

Refinery Board of Directors suspends Interim Director Mensche

WILLEMSTAD – The Board of Directors of Refineria di Korsou (the public company Curacao Refinery) has suspended Herbert Mensche, Interim Director of the company, who has recently been appointed to that position by the share holder. In a three page letter, the Board explains the mistakes Mensche made, which are the reasons why he was suspended.

The letter explains that Mensche was appointed on November 19 for three months which was against the Board’s will. On November 21, the Board presented a contract to Mensche which contains the essential points he needs to handle. The contract also mentions the relation with the Board which is Mensche’s employer. On December 5 the Board gave Mensche the opportunity to express himself after he was told about the dismissal.

The Interim Director is being accused of not signing the contract he was given by the Board. Mensche had protested against the content of the contract. Secondly, Mensche had received a letter from the Minister of Finance with instructions. The Interim Director was preparing himself to comply with these instructions e.g. suspend the management team at Curacao Refinery Utilities (the co called BOO).

The Board also accuses Mensche of hiring Alvin Koolman while the Interim Director knows that the Board does not want to see Koolman near BOO. Mensche has also started with preparations for a financial investigation. According to Oswald van der Dijs, Mensche did not realize that the Minister of Finance has no authority to give specific instructions to the Interim Director.

Finally Mensche has called a extraordinary meeting of shareholders on December 1, which had on the agenda the dismissal of one or more members of the Board of Directors. It was considered that Menscha has dramatically failed and that is why the Board will suspend him. The letter was signed by Oswald van der Dijs as the president of the Board. A copy of the letter went to Minister Jardim and to the other Ministers in the Government.

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