Espinal resigns from TSTT

Espinal, who had given 26 weeks notice of his intention to leave, in accordance with the terms of his contract, cited personal reasons for his departure.

Commenting on the resignation, Samuel Martin, Chairman of TSTT said: “Carlos Espinal brought a wealth of experience and a passion and commitment to TSTT during his tenure. His positive contribution will be kept and enhanced by the experienced management team in place in the company.”

The departing CEO commented thereafter: “I leave TSTT and TT with a lot of mixed feelings, sad because of the many great moments and great friends I made both internal and external to the company, but confident that a spirit of success and the methodology to achieve it has been instilled in the company.

“I am confident of the success of the company because the core capabilities are in place and the team is clearly capable of achieving the shared vision adopted by the company. I urge people to take advantage of the many opportunities in the country.”

As an interim measure the executives of the company will report to the Chairman until the Board of Directors completes its assessment of several candidates who participated in an international executive search process, which began several months ago for a new CEO.