Proven leader: Johann Heaven to take charge after Williams’ retirement

Johann Heaven, co-founder of Proven Group Limited, is set to take the helm as CEO of Proven Management Limited (PML) in February 2025, following the retirement of current CEO Christopher Williams.

Heaven brings over 25 years of experience in finance and banking to the role and currently serves as Deputy CEO of PML, overseeing the group’s finance, planning, and investment functions. His responsibilities also extend to leading the treasury, asset management, and information technology teams.

Before his current role, Heaven was the President and CEO of PROVEN Wealth Limited, the group’s wealth management company in Jamaica. His extensive experience within the company positions him well for a seamless transition into the top leadership role.

Although Williams is stepping down from daily executive operations, he will remain an active director of PML, a major shareholder, and a member of the investment management committee. He will also continue to serve on the boards of several Proven Group subsidiaries. The company emphasized that Williams’ strategic insight and expertise will continue to play a crucial role in the group's growth and success.

Proven Group, in a statement, highlighted that the leadership transition from Williams to Heaven is the result of a thoughtful succession planning process. The transition is expected to proceed smoothly over the next four months.

In addition to Heaven’s appointment, the board of directors of Proven Bank (Cayman) Limited (PBC) announced the recruitment of a new President and CEO-designate. Pending approval from the Cayman Islands Monetary Authority, the new leader, with 20 years of banking experience across the Caribbean, is expected to assume the role on November 1, 2024. The position has been vacant since the untimely passing of Benjamin Freeman in August 2023.

Addressing concerns about Proven Group’s recent financial challenges, including the suspension of dividend payments and a declining stock price, the company expressed confidence in the group's financial recovery. Proven believes its performance is now on an upward trajectory, signaling a positive outlook for investors and stakeholders alike.