Pelican Energy TCI today announced a leadership transition as the company embarks on its next chapter following a recent change in ownership.
Effective January 1, 2026, Devon Cox will become President of the Company, succeeding President and CEO Ruth Forbes, who, through mutual agreement with the Board of Directors, will be leaving at the end of the year after almost two decades of distinguished service. She will serve as Strategic Advisor from January until June 30, 2026.
Mrs. Forbes is the first local CEO to lead the utility. She steered the Company through a highly dynamic chapter, including the post-pandemic business landscape. Highlights of her tenure as CEO include delivering industry-leading safety performance, strong operational excellence, providing one of the most reliable energy services in the Caribbean, outstanding community outreach, and elevating the Company to Investors In People platinum status. Her commitment to both the Company and to modernizing the Turks and Caicos Islands’ (TCI) energy infrastructure to support the country’s economic growth and development over the last two decades have earned her deep respect across the utility industry and the broader business community.
Commenting on the transition, Mrs. Forbes stated, “It has been one of the greatest privileges to lead the Company over these transformative years. I’ve had the honor of working alongside a world-class team, one that consistently sets the bar for excellence in our industry. Together, with the support of our stakeholders and communities, we met the evolving energy needs of our nation and strategically positioned the company for the future.
“I am extremely proud to pass the baton to my successor, Devon Cox. He is a seasoned executive whose expertise and passion make him the ideal leader for Pelican Energy TCI’s future. I have every confidence that the Company will continue to thrive and deliver meaningful impact for the TCI.”
Chairman of Pelican Energy TCI’s Board of Directors Reuben Munger stated: “On behalf of the Board, I extend our deep appreciation to Ruth for her exemplary leadership and commitment to Pelican Energy TCI. As she transitions to Strategic Advisor, we will continue to benefit from her guidance following her long career with the Company. We wish her all the best.
“I am also pleased to congratulate her successor Devon on his appointment. His expertise and leadership make him exceptionally well positioned to lead the organization into its next phase of growth and improvement, as we focus on business transformation.”
Incoming President Devon Cox brings a wealth of experienced gained over his 17 years with the Company. He currently serves as Senior Vice President of Operations. Over the years, he has overseen several business functions, including Environment, Health and Safety, Transmission and Distribution Operations, Generation, Engineering, Facilities Management, Fleet Services, Sister Islands Operations, and more recently Customer Service. Mr. Cox earned a Bachelor’s degree in Electrical Engineering, an MBA in Business Administration, and completed the Institute of Corporate Directors course through the University of Toronto.
"I am honored to lead Pelican Energy TCI at this exciting time in the Company’s evolution. With the partnership of our new owners, we will focus on improving the Company’s generation mix to effectively meet the increasing power needs of local energy consumers as well as work towards achieving TCI’s national renewable energy target. I look forward to building on the legacy of excellence and success for which the utility is known," Mr. Cox stated.
