Prominent Dominican businessman, Phillip Nassief, passes away at 91

Dominica mourns the loss of Phillip Nassief, a titan of business and philanthropy, who passed away at the age of 91 in his Mahaut residence on Sunday. 

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The cause of his death remains undisclosed.

A lifetime of accolades

Throughout his illustrious career, Nassief amassed a plethora of accolades and honors, solidifying his status as a beacon of excellence within the Caribbean community.

In 1977, he was bestowed with the Dominica Award of Honor, the highest recognition in the island nation. 

Subsequently, in 2002, he was celebrated as one of the Caribbean’s Leading Voices of the 20th Century by the esteemed Caribbean Community (CARICOM) grouping. 

Notably, the American Foundation of the University of the West Indies honored Nassief in 2004, commemorating his enduring impact on the Caribbean region and beyond.

Enduring business ventures

Nassief’s entrepreneurial spirit manifested in various successful ventures, most notably through the establishment of Dominica Coconut Products Ltd (DCP). 

Under his guidance, DCP flourished, birthing beloved regional brands like Bess, Bomber, and Refresh. Although the company was sold to Colgate-Palmolive in 1995, Nassief’s legacy endured. In a remarkable turn of events, his son Ivor spearheaded the family’s reacquisition of DCP in 2018, reinstating its position as a cornerstone of regional commerce.

Beyond business: A philanthropic visionary

Phillip Nassief’s influence extended far beyond the realms of business. Recognizing the importance of community development, he played a pivotal role in establishing the National Development Foundation (NDFD) in 1981. 

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This institution provided crucial loans and technical support to small businesses, nurturing entrepreneurial growth and economic resilience within the Dominican community. 

Furthermore, Nassief’s commitment to social welfare led to the creation of the Elias Nassief Foundation in 1995, a charitable trust dedicated to uplifting low-income families—a testament to his enduring legacy of compassion and generosity.

A family man and visionary

Phillip was married to the Haitian-born artist, Gilda Thebaud. Their union produced three children, Ivor, Gregor, and Maroussia.  

Phillip Nassief’s passing leaves a void in the hearts of many, yet his indelible mark on the Dominican landscape and beyond ensures that his legacy will endure for generations to come. 

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