Carreras Limited announced that Mr. Marcus Steele will be stepping down from his role as the Managing Director of the Company, to pursue other interests, effective January 31, 2020. The company also announced that following the departure of Mr. Marcus Steele, it has appointed Mr. Raoul Glynn as Managing Director designate effective, February 1, 2020 and a Director on the Board of Directors, effective February 1, 2020.