Dr. Almendarez No Longer CEO of SSB

Dr. Leroy Almendarez told News Five this morning that he is no longer the Chief Executive Officer of the Social Security Board. His response to a question on a different matter was, “I am no longer the CEO of SSB and therefore, not relevant for me to comment further on it.”

On Wednesday, human resources services told staff that “with immediate effect, Deputy Jerome Palma will be acting as Chief Executive Officer until further notice.”

The reason for Dr. Almendarez’s departure has not been confirmed.

In August 2024, the SSB announced Dr. Almendarez’s appointment. The statement said, “Dr. Almendarez is an accomplished professional recognised for leveraging strong team leadership and development to drive progress in trade, investment, policy, strategy, innovation, and entrepreneurship nationally & internationally. Highly organised, analytical, detail-orientated leader skilled in building and directing high-performing teams to develop solutions to solve operational, technical, and economic-related problems and successfully implementing systems across multiple and diverse operations.”