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The Standard Group Plc is a
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Cuba’s Raul Castro was just hours away from retiring as president on Wednesday, with his vice president Miguel Diaz-Canel set to replace him in a shift that will usher in the island’s first non-Castro leader since the 1959 revolution.
Castro, 86, was due to step down on Thursday after 10 years in office. He announced his departure several years ago and has long signaled that Diaz-Canel, a 57-year-old Communist Party stalwart, was his likely successor, carefully managing the transition to ensure political continuity.
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