Cash steps in as Lund leaves BDA

Stephen Lund has resigned from his role as CEO of the Bermuda Business Development Agency (BDA) after less than a year of service. David Cash, the former CEO of Endurance and deputy chairman of the BDA, will lead the Agency during the hunt for Lund's replacement.

Lund, whose resignation becomes effective February 28th, will return to his home in Canada, where prior to serving as CEO of the BDA he led Nova Scotia Business Inc. The search for his replacement is already underway according to Caroline Foulger, board chairman of the BDA.

Cash says: “I respect Stephen’s decision to return home to Canada and his family and wish to thank him for all his efforts to make this transition as seamless as possible. Stephen has put in place a terrific group of professionals at the BDA and I am looking forward to working together with this team to execute our business development strategy in the marketplace.”

Foulger adds: “we are grateful to Stephen for his service to the BDA and we thank him for his contributions to the organisation. The BDA is greatly changed from when Stephen joined the organisation and he leaves us much strengthened from the time of his arrival. We acknowledge Stephen’s personal decision to return home to Canada and we wish him well in his future endeavours.”