Massy Hold­ings Ltd yes­ter­day an­nounced the res­ig­na­tion of Vaughn Mar­tin, its group ex­ec­u­tive vice pres­i­dent and CEO of its gas prod­ucts port­fo­lio, ef­fec­tive March 31.

The no­tice of the ma­te­r­i­al change ap­peared on the Trinidad and To­ba­go Stock Ex­change yes­ter­day, with the com­pa­ny thank­ing Mar­tin for his years of ser­vice to the group.

“The chair­man and the board of di­rec­tors would like to thank Mr Mar­tin for his years of ded­i­cat­ed ser­vice to the Group,” the com­pa­ny not­ed in the fil­ing, which was made pur­suant to Sec­tion 64(1)(b) of the T&T Se­cu­ri­ties Act, 2012.

Mar­tin’s de­par­ture comes at a time when Massy Hold­ings Ltd has been ex­pand­ing its re­gion­al foot­print through a se­ries of ac­qui­si­tions, par­tic­u­lar­ly with­in its gas prod­ucts port­fo­lio.

One of the most sig­nif­i­cant trans­ac­tions in re­cent years was the ac­qui­si­tion of In­dus­tri­al Gas­es Ltd in Ja­maica in 2023 through its sub­sidiary Massy Gas Prod­ucts Hold­ings. The deal, val­ued at rough­ly US$140 mil­lion, gave the con­glom­er­ate full own­er­ship of the Ja­maican in­dus­tri­al and med­ical gas pro­duc­er and ex­pand­ed its foot­print in that coun­try’s man­u­fac­tur­ing and en­er­gy sup­ply chain.

The ac­qui­si­tion strength­ened Massy’s Gas Prod­ucts port­fo­lio, which sup­plies in­dus­tri­al, med­ical, and liq­ue­fied pe­tro­le­um gas­es across the Caribbean and Cen­tral Amer­i­ca. The trans­ac­tion al­so re­quired reg­u­la­to­ry clear­ance in Ja­maica due to com­pe­ti­tion con­cerns, giv­en the group’s ex­ist­ing pres­ence in the LPG dis­tri­b­u­tion mar­ket.

In the same year, the group com­plet­ed an­oth­er ma­jor trans­ac­tion when it ac­quired the lo­cal sub­sidiary of glob­al in­dus­tri­al gas com­pa­ny Air Liq­uide in T&T. he com­pa­ny’s do­mes­tic pro­duc­tion ca­pac­i­ty for in­dus­tri­al gas­es used in sec­tors such as en­er­gy, health­care, and man­u­fac­tur­ing.

The ac­qui­si­tion was viewed as a strate­gic move to deep­en Massy’s pres­ence in the in­dus­tri­al gas mar­ket and strength­en sup­ply ca­pa­bil­i­ties across its re­gion­al net­work.

Massy’s gas prod­ucts port­fo­lio gen­er­at­ed $2.02 bil­lion in third-par­ty rev­enue for its 2025 fi­nan­cial year and earned $385 mil­lion in prof­it be­fore tax. That rep­re­sent­ed a con­tri­bu­tion of 29 per cent of the group’s to­tal prof­it be­fore tax, sec­ond be­hind the in­te­grat­ed re­tail port­fo­lio at 52 per cent.

In a sep­a­rate no­tice, Massy dis­closed that Michael Daniel would suc­ceed Mar­tin ef­fec­tive April 15, 2026.