Paul Bayly has resigned as the CEO of the BVI’s Recovery & Development Agency (RDA).
This was confirmed by a statement from the RDA late Tuesday, January 14.
The statement said: “It is with regret that the Board of Directors of the Recovery & Development Agency has accepted the resignation of CEO, Paul Bayly.”
It continued: “The Board wishes to thank Mr Bayly for his support to the Board and leadership of the Agency and wish him every success in his future endeavours.”
No longer needed
The statement said the skills of the New Zealander was no longer needed at the RDA.
“Since his appointment in 2018, Mr Bayly has been critical to both the establishment of the RDA and the excellent work undertaken by the Agency to date. The RDA structure was designed to meet the needs and ambitions of the original $600 million Recovery to Development Plan, with a team of technical experts equipped with the skills to deliver an ambitious recovery that would be stronger, smarter, more resilient and sustainable.”
The statement further said that his “infrastructure experience, including large scale disaster recovery, was critical to the successful establishment of the RDA”.
However, it said the revised Recovery to Development Plan has considerably reduced the scale of proposed works and projects to be implemented by the RDA than was anticipated when the Agency was first established.
“Mr Bayly proposed and the Board has accepted that there is no longer the same requirement for Mr Bayly’s skills. He leaves the RDA well positioned to deliver the revised Recovery to Development Plan for the Government and people of the BVI.”
Bayly was paid an annual salary of $300,000 per year.
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