Trinidad and Tobago businessman Robert Bermudez will become the next Chancellor of the University of the West Indies (UWI).
He will be only the second Trinidad and Tobago national to hold this position, following Dr Eric Williams.
Education Minister Anthony Garcia made the announcement at today's post-Cabinet news conference.
The term of the current chancellor George Alleyne expires in late July 2017.
Minister Garcia said the UWI Council had established a search committee to find a new chancellor.
The committee comprised representatives of contributing governments, the UWI Senate, the UWI Students' Guild, the Post-Graduates Association and the Universty Teachers Group.
Following the consideration of several candidates, Bermudez was chosen.
The decision was ratified by Caricom Heads in their last meeting in Guyana.
Minister Garcia, who represented the government on the committee, said that in coming to the decision, the committee considered Bermudez's wide experience in business, given that UWI is seeking to reduce its reliance on government coffers as a source of revenue.
The government of Trinidad and Tobago contributed $650 million to UWI last year.
Bermudez is the chairman of the Board of Directors of the Bermudez Group of Companies and has led the growth of the Bermudez Group from a local, family-owned business, to a regional business throughout the Caribbean and Latin America.
He has enjoyed a distinguished career in business and is associated with several other corporate bodies in Trinidad and Tobago and the Caribbean.
He is also a non-executive director of the Massy Group.
He was elected to the Board of Neal & Massy Holdings Limited, now Massy Holdings Ltd., in 1997 and has served on the Company's Audit and Governance and Compensation Committees.