If the government options the removal of Mike Wylie as Chief Executive Officer of Heritage Petroleum, it could cost Heritage and by extension taxpayers as much as $3 million.
Government decided to remove Mr Wylie last Thursday after he was away from the job and acting ‘remotely as needed’ from his convalescent home in Texas for the past two months.
Wylie had been diagnosed with Colon cancer and is currently recovering from major surgery. A committee headed by Nigel Baptiste has been reported to be running the day to day operations of the Company, an arrangement that many experts agree is not what is in the best interest of Heritage at this early and critical stage of it’s role in the energy sector in Trinidad and Tobago.
Prime Minister Dr Keith Rowley also removed the company’s chairman, Wilfred Espinet and three other Board members. Michael Quamina an Attorney at Law who in the past represented The Prime Minister in personal matters was named as the new chairman of Heritage petroleum.
Wiley was retained by Heritage after a lengthy search by an international recruitment company, Egon Zehnder International, between June 28, 2018 and August 21, 2018.
His salary was reportedly TT$240,000.00 monthly.