{"id":241729,"date":"2019-12-21T23:29:23","date_gmt":"2019-12-22T03:29:23","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=241729"},"modified":"2023-08-22T16:50:52","modified_gmt":"2023-08-22T20:50:52","slug":"phillip-nassief-%e2%80%8ban-outstanding-leader-a-visionary-entrepreneur-and-a-humanitarian","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/news\/phillip-nassief-%e2%80%8ban-outstanding-leader-a-visionary-entrepreneur-and-a-humanitarian\/","title":{"rendered":"PHILLIP NASSIEF: \u200bAn outstanding leader, a visionary entrepreneur and a humanitarian"},"content":{"rendered":"<figure id=\"attachment_307056\" aria-describedby=\"caption-attachment-307056\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-307056 size-medium\" src=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2019\/12\/Image-2-scaled-e1692628748772-300x289.jpg\" alt=\"\" width=\"300\" height=\"289\" srcset=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2019\/12\/Image-2-scaled-e1692628748772-300x289.jpg 300w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2019\/12\/Image-2-scaled-e1692628748772-642x618.jpg 642w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2019\/12\/Image-2-scaled-e1692628748772-768x740.jpg 768w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2019\/12\/Image-2-scaled-e1692628748772-498x480.jpg 498w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2019\/12\/Image-2-scaled-e1692628748772.jpg 1136w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-307056\" class=\"wp-caption-text\">Phillip Nassief<\/figcaption><\/figure>\n<p>Phillip Nassief is one of Dominica\u2019s outstanding leaders. He has made exceptional contributions to the island&#8217;s economic and social development and earned tremendous respect at home and abroad. Phillip was born in Roseau in 1933, one of nine children of Elias Nassief, an immigrant Lebanese businessman, and his wife Marie Raphael. Young Phillip was educated at the Convent Montessori School, the Dominica Grammar School, and Mount St. Benedict in Trinidad. He had an outgoing personality, a quick smile, and made friends easily. As a boy, he worked in his father\u2019s store and helped in the family\u2019s small rum and soap operations. In1952, he left Dominica to study chemical engineering at McGill University in Montreal.<\/p>\n<p>Graduating in 1956, Phillip worked in Canada for five years. On returning home, he took over his father\u2019s small rum and soap operations. Like his father, Phillip was a visionary. He saw the large potential for these products in the Caribbean. Phillip improved the rum production process and expanded product offerings to include the Soca Rums, Red Cap and Bois Bande, some of the best in the island. Then good fortune came Phillip\u2019s way. In 1964, Phillip was able to buy a little-used coconut oil plant from Nevis. To complement this oil plant, Phillip purchased a modern soap plant from Italy. Phillip could now produce personal use soaps in addition to laundry soaps and coconut oil. The family then incorporated the coconut processing enterprise as Dominica Coconut Products Ltd (DCP).<\/p>\n<p>While retaining majority family ownership, Phillip offered DCP shares to the public. Copra suppliers and workers acquired shares, and thus had a vested interest in DCP\u2019s success. DCP\u2019s products included the regionally popular Bess, Bomberand Refresh brands. Quality was world class and DCP won contracts to produce soaps and detergents for Colgate Palmolive and other international brands. Soon, Phillip got a reputation as one of the Caribbean\u2019s most successful businessmen, and DCP, \u201cpound for pound \u2026 as good as any other company in the world.\u201d [1].<\/p>\n<p>The success of DCP was primarily due to Phillip\u2019s managerial style. He took a special interest in the well-being of his employees, whom he paid top wages; he forged personal relationships with local suppliers and foreign executives, and he opened markets within the region and internationally. As a result, DCP and Belfast rum expanded substantially and provided much-needed jobs for the neighboring village of Mahaut.\u00a0 But Phillip was also a humanitarian. He saw to the village\u2019s broader welfare needs. He donated land and developed village playing fields, and he established a senior citizen\u2019s home for the village elderly, among other charities.<\/p>\n<p>However, in 1995, due to unfavorable markets, DCP was sold to Colgate-Palmolive. To most Dominicans, it was quite a disappointment to see one of the island\u2019s flagship companies move into foreign hands. But shareholders and employees benefited financially. Unfortunately, in November 2015, Colgate-Palmolive closed the DCP plant, and many critically needed jobs were lost. In 2018 though, through the initiative of Phillip\u2019s son Ivor, the family-acquired DCP and have brought it back into production.<\/p>\n<p>Meanwhile, recognizing the extreme vulnerability of small-scale local production, Phillip decided to diversify his businesses, moving into hotels and tourism. In 1989, he bought the struggling Fort Young Hotel.\u00a0 Over the years, Fort Young was expanded and transformed into the island\u2019s pre-eminent, international hotel. Today, it forms the anchor of GEMS, the family\u2019s hotel enterprises, managed by Phillip\u2019s son Gregor.<\/p>\n<p>Phillip\u2019s contribution to the Dominican community goes well beyond rum and soap, and hotels and jobs.\u00a0 Phillip helped establish the National Development Foundation (NDFD) in 1981 to provide loans and technical assistance to small business.\u00a0 And in 1995, under Phillip\u2019s initiative, the Elias Nassief Foundation was established, a charitable trust-fund for low-income families.<\/p>\n<p>Among Dominica\u2019s business class, Phillip Nassief is one of the few who has shown an effective understanding of and a deep commitment to development strategy and ethics: of learning and work, investment and regionalism, and of charity. In 1977, Phillip was awarded Dominica\u2019s highest honor, the Dominica Award of Honor. In 2002, Caricom honored him as one of the Caribbean\u2019s Leading Voices of the 20<sup>th<\/sup>Century [2]. In 2004, Phillip was honored by the American Foundation of the University of the West Indies, as \u201camong the luminaries of the past 100 years who have left their indelible mark on the Caribbean region and the world\u201d[3].<\/p>\n<p>Phillip was married to the Haitian-born artist, Gilda Thebaud. Their children Ivor, Gregor and Maroussia are successfully taking the family business into the 21<sup>st<\/sup> Century.<\/p>\n<p><strong>For his visionary leadership, his charity, and his exceptional contribution to Dominica\u2019s economic and social development, DAAS [Dominica Academy of Arts and Sciences] honors Phillip Nassief.<\/strong><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>References<\/p>\n<p>[1] Irving Andre, <em>Elias Nassief: Triumph over Tragedy,<\/em>Sheridan Books, Pond Casse Press, 2012, p. 142.<\/p>\n<p>[2] <em>\u201cPhillip Nassief,\u201d<\/em> in <em>Voices of the Century<\/em>, Caricom Perspective No. 71, July 2002, p. 147.<\/p>\n<p>[3] Lolita Long, \u201c<em>UWI Honours Regional Stalwarts<\/em>,<em>\u201d<\/em> Jamaica Gleaner, Kingston Jamaica, February 1, 2004.<\/p>\n","protected":false},"excerpt":{"rendered":"Phillip Nassief is one of Dominica\u2019s outstanding leaders. He has made exceptional contributions to the island&#8217;s economic and social development and earned tremendous respect at home and abroad. Phillip was born in Roseau in 1933, one of nine children of&#8230;","protected":false},"author":15,"featured_media":174290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[18,13,235,9],"tags":[],"class_list":["post-241729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-commentary","category-homepage-carousel","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PHILLIP NASSIEF: \u200bAn outstanding leader, a visionary entrepreneur and a humanitarian - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/news\/phillip-nassief-\u200ban-outstanding-leader-a-visionary-entrepreneur-and-a-humanitarian\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PHILLIP NASSIEF: \u200bAn outstanding leader, a visionary entrepreneur and a humanitarian - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"Phillip Nassief is one of Dominica\u2019s outstanding leaders. 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He has made exceptional contributions to the island&#8217;s economic and social development and earned tremendous respect at home and abroad. 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