Reis Identified As D’Aguiar’s Successor
“IT WOULD be a tough act to follow,” said Mr. Clifford Reis, who will become Chairman of Banks D.I.H. Ltd., if Mr. Peter Stanislaus D’Aguiar retires at any time.
The appointment of the slightly greying, but youthful-looking Mr. Reis, by Mr. D’Aguiar came after the company’s Founder and first Chairman announced that he was giving up the day to day running of Banks.
In order to ensure continuity, Mrs. Kathleen D’Aguiar has been elected to the company’s Board of Directors.
Mr. D’Aguiar told the thousands of share-holders and directors that he had observed in Mr. Reis certain traits which he had as a young man, describing him as a hands-on-manager.
The Chairman said his replacement is a better organiser than he is, and suggested that Mr. Reis be given more time to think and meditate about the company’s future, rather than being involved in mundane matters.
In his acceptance speech Mr. Reis said Mr. D’Aguiar had been a father, teacher and boss to him since joining Banks Di.H. Ltd., some 19 years ago.
He spoke about his dismal after only one month on the job and his immediate reinstatement by Mr. D’Aguiar after he succeeded in presenting his case to him.
Mr. Reis described himself as a persistent individual and said as a manager he believes in checking out things for himself.
“No university would been able to teach me what I know now,” Mr. Reid added. Mr. Reis said he is a believer in ‘taking one project at a time, adding that one should stick to one’s knitting, be creative and take risks.
He sees his appointment as a testing period and it will mean that he would have to resign from all outside business activities so as to devote himself to Banks DIH Ltd.
Mr. Reis pledged to uphold the high standards set by Mr. D’Aguiar in running the company.
(CAG)