VSH United: N.V. Verenigde Surinaamse Holdingmij

The engine in different sectors

About Us

VSH United is the dependable engine in varying business branches: Trading, Logistics, Foods, Real Estate, Investment, and Detergents. Through associated companies, VSH UNITED is also involved in the insurance and hotel business.

We are operating in 4 countries: Suriname (headquarters), Guyana, the United States of America and the Netherlands.

The headquarters in Paramaribo, Suriname provide the strategy, the financial and administrative services and acts as a legal and human resource counsel for all the 22 subsidiaries, which are independent operation companies.

Organization Chart

Our Core Values

VSH United is built on

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Your Success is our desire

VSH United focuses on long-term and fruitful relationships with mutual benefits for both sides. That is why we do not focus on selling. Instead, we focus on helping customers, partners, and shareholders build their sustainable success. Our customers, partners, and shareholders are part of the VSH ‘family’ for long-term and ever-growing relations.

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Trust in our relationships and personally responsible for all our actions

Even though VSH United is a big company, we stand for customized service. The relationship with our customers, partners, and shareholders is a personal one because this is how we create trust, an important aim in our business activities. By having one-on-one relations, we proudly carry the responsibility for our individual actions.

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Creating a better company for a better world

With a greater focus on social and planetary responsibilities and how our actions today impact those around us, now and in the future, we are continuously working to improve health-, environmental- and social funding policies.

Creating a better world for others, starts with ourselves, with ethical corporate governance in our VSH-companies.

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The story of VSH over the years

In 1958 Jim Healy and Leo Tjin a Djie Founded the first company that ultimately led to become VSH

1958

Toeti Froeti Bar and Grill

1959

Head office – van ‘t Hogerhuysstraat 9-11 Since 15 November 1973

1973

Opening Steel Fabricating (VSH STEEL) plant 15 May 1982

1982

31 August 1990 Purchase of substantial shareholding in De Nationale and Hotel Torarica major companies in the insurance and hotel sectors

1990

First Export order of the Steel Company (VSH STEEL) to French Guiana

1993

7 August 1998 - The Company increases its shareholding in Consolidated Industries Corporation, a household detergent manufacturer, to 42%.

1998

CIC first export to the Caribbean

1999

September 2000 we are able to purchase a block of shares in Margarine- en Vettenfabriek N.V. (VSH FOODS)

2000

October 2001 VSH-United (USA) L.L.C. commences operations in Miami, Florida offering air- and ocean freight services in Suriname

2001

December 2002 Margarine- en Vettenfabriek (VSH Foods) received first export order to Curacao.

2002

06 November 2015 official opening of the new subsidiary VSH-United (Guyana) Inc in Georgetown, Guyana.

2015

01 December 2017 VSH-United (Nederland) BV is founded.

2017

01 January 2018 VSH-United (Nederland) purchases 51% of IFC Holding BV in the Netherlands.

2018

On 11 September 2018 VSH REAL ESTATE GUYANA INC. is founded

2018

June 2019 - discontinuation of the steel production facility.

2019

16 January 2020 , VSH Tech BV is founded in the Netherlands

2020

1 November 2021 - VSH HOLDING GUYANA INC. founded in Guyana.

2021

22 March 2022 – N.V. VSH Tech is founded in Suriname

2022

On 09 May 2023, the billboard was unveiled to mark the start of the construction project of the VSH Commercial Complex (VCC) at Houston Estate, Georgetown Guyana. In the 3rd quarter, VSH FOODS started construction for the first phase of the master

2023

See the whole story

Management Directors of the Holding

The holding is managed by a Management Team consisting of a CEO, CLO and CFO. Monitoring of the Management-performance in relation to goal sets and advisory of the management team on relevant matters, is done by a Supervisory Board of Directors.

P. Healy

Chief Executive Officer (CEO)

M. Ramsundersingh

Chief Legal Officer (CLO)

P. Brahim

Chief Financial Officer (CFO)

Supervisory Board of Directors

Supervisory Board

The Supervisory Board of Directors performed its duties in accordance with Suriname law, the Company’s bylaws and Corporate Governance Code. We advised management on relevant matters and monitored management performance in relation to goals set. Management of the Holding and the subsidiaries regularly informed us, both verbally and in writing, on policy and material aspects of business strategy, corporate planning, major events, investments and transactions.

Besides information of the company and the group as a whole, we also received a detailed monthly report from Management on the current business position of the Group’s subsidiaries while we were kept abreast of results and the financial position, risks and risk management, HR and IT performance and planning in a thorough manner. The Supervisory Board of Directors was directly involved in all decisions of fundamental importance to the Group. In addition, we discussed strategic issues with Management on a regular basis while the Chairman of the Supervisory Board and the Managing Directors maintained a constant exchange of information.

Diana R. Halfhide

Chair of the Board

Member of the Supervisory Board in 2010

COO Suriname Alcoholic Beverages N.V./Managing Director, SAB Distribution N.V. (current)

President Board Foundation Bejaardenwerk Gerardus Majella

Board member Foundation STIBEKA (Stichting Behoud Kathedraal)

Board member Suriname Arbitration Institute (SAI)

Board member Academic Hospital Suriname

Secretary Board STIVASUR (Stichting Verantwoord Alcoholgebruik Suriname)

Master’s degree in Notary Law

Post-doctoral degree in Notary Law

Master’s in Business Administration, Corporate Strategy and Economic Policy

Post-doctoral degree International & Comparative Law

Post-graduate diploma Digital Business

Robert Hahn

Vice Chair of the Board

Member of the Supervisory Board in 2010

Member of the Audit and Risk Committee

Manager Corporate ICT at Staatsolie Maatschappij Suriname N.V. (current)

CEO of Datasur (2014 - 2019)

Chairman of the ICT Association in Suriname (2011 - 2018)

Board Member of the National Blood bank (2015 - 2022)

Member of the Supervisory Board of Finabank N.V. in 2021

Master’s degree in InformationTechnology

Master’s degree in Business Administration

Certified Information Systems Auditor (CISA)

Kenneth R. Lim A Po

Board member

Member of the Supervisory Board in 2016

Member of the Remuneration & Appointment Committee

CEO of Bouwbedrijf Kiesel (current)

President of Ponderosa Equestrian Center

Bachelor’s degree in Mechanical Engineering

Bachelor’s degree in Business Administration

Stephen Smit

Board member

Member of the Supervisory Board in 2017

Member of the Audit and Risk Committee

Member of the Supervisory Board of Directors of Assuria N.V., Assuria General (GY) Inc., Assuria Life (GY) Inc., Gulf Insurance Ltd. and Assuria Life (T&T) Ltd.

Member of the Supervisory Board of Directors of N.V. VSH FOODS.

Chairman of the Supervisory Board of Directors of N.V. Consolidated Industries Corporation and Torarica Holding N.V.

Member of the Social Economic Counsel (SER)

Chairman of the Board of the Stichting Nationale Volksmuziekschool

Honorary Member of the Caribbean Actuarial Association

From 1991 until retirement in 2017 served as CEO of Assuria N.V.

Master’s degree in Mathematics and Actuarial Science

Philip Fernandes

Board member

Member of the Supervisory Board in 2018

Member of the Remuneration & Appointment Committee

CEO of John Fernandes Ltd (current)

Director of Guyana Energy Support Services Ltd, John Fernandes Ltd, Bounty Farm Ltd, J.P. Santos & Co. Ltd, JPS Trading Inc., Fernandes Holdings Ltd, Fairfield Investments Ltd, Value 4 U Inc.

Chairman of Guyana Biscuit Holding Ltd

Chairman of Shipping Association of Guyana

Bachelor’s degree in Finance

Corporate Governance

N.V. VERENIGDE SURINAAMSE HOLDINGMIJ./ UNITED SURINAME HOLDING COMPANY have adopted a Corporate Governance Code in January 2010. This was the outcome of an initiative by the Supervisory Board to implement a governance structure which clearly defines responsibility and authority of the supervisory and executive functions including a frame work for appraising the performance of VSH United.

The objective of the governance code is to improve the performance of the Managing Director, The Supervisory Board, and the VSH United Group as a whole. Our External auditor Lutchman & Co was contracted to guide the development of the Governance Code.

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Regels

Download VSH Corporate Governance - EN

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