Robert Mathavious, the managing director of the Financial Services Commission, will chair the board of the Recovery and Development Agency, according to Premier Dr. Orlando Smith.

Mr. Mathavious will be joined by Maria Mays, the Governor’s Office policy officer; Sharie De Castro, former Miss BVI and a 2015 Virgin Islands Party at-large candidate; Clyde Lettsome, a former permanent secretary; Clarence Faulkner, the former investment manager for the Social Security Board; and Gregory George, a pastor at the Church of God of Holiness in The Valley, Virgin Gorda.

“We are grateful to the named individuals for agreeing to take on this very important responsibility and look forward to the exemplary execution of their duties under the Agency Act,” Dr. Smith (R-at large) said during a House of Assembly sitting last week.

The Recovery and Development Agency Act, however, stipulates that the board will include seven to nine individuals. Chief Information Officer Desiree Smith could not be reached for comment regarding when the remaining name or names would be announced or who would serve as deputy chairman of the board.

The board will develop the procurement procedures and approve contracts for projects under the umbrella of the independent agency, which has a five-year mandate. The RDA will be responsible for overseeing the territory’s official recovery and development plan, which has yet to be finalised.