‘Dr. Yesu Persaud was the architect of private sector rebirth’ – PSC

The Private Sector Commission (PSC), Guyana’s umbrella private sector body, has expressed its sadness at the passing of its Founding Chairman Dr. Yesu Persaud.

The PSC was founded in 1992.

See below full statement from the PSC:

The Private Sector Commission (PSC) is deeply saddened and shaken at the passing of its Founding Chairman, Dr. Yesu Persaud.

The late Dr. Persaud was the architect of the rebirth of the private sector after decades of state control and state monopoly of business in Guyana.

The business community will forever be grateful for the astute and wise leadership he provided in the early days during the return of democracy to Guyana and particularly his role in the birth of the Private Sector Commission.

Dr. Persaud’s role in the restoration of democracy in Guyana in 1992 is legendary. His forging of the Philosophy of Private Public Partnership became the foundation and principle of the PSC and will forever be etched in our own relationship with Government.

The PSC remembers him for standing firm in his beliefs and always playing his part with dignity.

Dr. Persaud, who died early Monday, January 17 at the age of 93, was an astute businessman who held several positions of business and innovation including Executive Chairman of Demerara Distillers Limited (DDL) and founder of the Institute of Private Enterprise Development (IPED).

The PSC expresses condolences to Persaud’s family, friends, staff of DDL and the entire business community on the passing of this business icon.

We shall be forever grateful for his contribution towards the development of Guyana.