Massy Holdings has announced the its corporate secretary and senior vice-president of corporate governance, Wendy Kerry, has been appointed acting general counsel, a position one held by Angélique Parisot-Potter, the group’s former general counsel and executive vice president of business integrity.
Kerry’s appointment took effect on Monday, January 8, 2024.
Parisot-Potter resigned as Massy’s executive vice president of business integrity and group general counsel, on December 28, 2023, ten days after she raised concerns about the group’s executive leadership consulting firm—the Florida-based Delphi Sphere Consulting at the company’s annual general meeting.
She told the group’s annual general meeting: “Among other matters, one alarming issue is the so-called executive leadership programme, which has been present in our organisation for over a decade. This programme involves frequent travel to Fort Myers, Florida, and weekly commitments for over a year at a cost per participant of tens of thousands of US dollars for which there were over 11 participants last year, alone.
“Their bizarre rituals include that they can train Massy employees to communicate with the dead and that attendees can self heal with ‘white light energy’.
“This is a matter of grave concern to shareholders because the couple leading this programme appear to exert disproportionate influence over our executive team.
“In the midst of a foreign exchange crisis, Massy cannot be spending scarce resources on highly dubious activities, and contracts awarded cannot be pushed through without prudent due process.
“This is not just a governance issue; it’s a blatant disregard for shareholder interests. I urge the board to take this, and the other issues I have raised, seriously.”
In a statement, the company said it was appalled by Parisot-Potter’s conduct and had initiated a disciplinary process against her. Massy dismissed her claims as “untrue” and “scandalous,” but also stated it had initiated an independent process to look into her claims.
This process would continue despite her resignation late last month.