Elects Executive
Chairman
C O M M O N W E A LT H B A N K
WILLIAM B. SANDS, JR.
Executive Chairman
Commonwealth Bank Ltd. announced that the Board of Directors has elected William
B. Sands, Jr. as Executive Chairman following Mr. T. B. Donaldson, CBE, who recently
retired from the Bank’s services as Chairman. Mr. Sands is the fourth Bahamian in
Commonwealth Bank’s fifty year history to be named Chairman of the Board of Directors.
A seasoned and highly regarded banking executive, Mr. Sands’ career incorporates
more than thirty-nine (39) years of banking experience. He has served in various senior
management and executive leadership roles in both Grand Bahama and New Providence
before being named President and Chief Executive Officer in 1997.
Mr. Sands is a graduate of the University of Western Ontario and Richard Ivey Business
School and has been a member of the Board of Directors of Commonwealth Bank since
1990. He was named Bahamas Financial Services Board (BFSB) Executive of the Year
in 2004.
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