the company after 31 years.

Mr. Bento, 54, said he would not be making a statement at this time about what he intends to do after leaving.

He said broadcast media reports that he was leaving because of dissatisfaction with HWP's direction were "absolutely false''.

"It is completely my choice,'' he said. "It is a great company with a great future. After 31 years I thought it was time to move on. I am looking at some options.'' HWP recently purchased the automobile division of Pearman Watlington & Co.

Ltd., giving the company a 75 percent share of car sales in Bermuda. Also included in the sale was the Esso `Pit Stop' Service Station on St. John's Rd., which HWP has changed to a Shell station. HWP through its East Broadway station is affiliated with Shell.

The company recently demolished its East Broadway station for a complete make over. Once finished, the station will have the largest canopy on the Island.

Even though Planning Department technical officers objected that the size of the 4,500 square foot canopy did not conform to Bermuda's standards the Development Applications Board approved HWP's construction plans.

The expanded Shell station will have four pump islands with three stations each. An HWP spokesman said the station was being expanded to cope with increased demand. HWP also has plans to demolish the disused Honda showroom near its Suzuki Centre and put up a vehicle showroom. That plan is on the "back burner'' while the company goes forward with its current developments, the spokesman said.

HWP bought Ray Brothers' auto franchises and service garages last year.

John Bento