The Institute of Private Enterprise Development (IPED) yesterday announced the departure of Chief Executive Officer (CEO), Ramesh Persaud.
An IPED release said that Persaud had been CEO for 11 years.
During his tenure, the release said that Persaud transformed IPED in significant ways. In the last decade, 2011 to 2020 the value of the loans increased by $2B to $3.4B. He also oversaw the disbursement of 50,000 loans to a value of $30B.
Persaud also expanded the organization, adding six new branches and making it easier for clients to do business with IPED, the release said.
“At the same time the clients enjoyed a substantial decrease in their interest rates. Through these developments IPED helped create 10,000 jobs annually through the micro, small and medium-sized business it supports”, the release added.
In a farewell ceremony with staff and board members recently, incoming CEO, Jagdesh Haripershad thanked Persaud for providing “robust leadership that was always complemented by kindness, caring, good guidance and constant encouragement.”
Friday, April 30, 2021 was Persaud’s last day on the job at IPED before leaving for what he described as “another opportunity to learn and lead in the private sector.”
Persaud will continue to serve IPED as a member of the Board of Directors.
