Ceylinco Chairman Lalith Kotelawala and directors representing Ceylinco group have been moved out from the director board of The Finance PLC (TFC). This comes in the wake of the recent share issue which ultimately planned to reduce the holdings of Kotelawala and Ceylinco group in the finance company.
According to a notice issued to Colombo Stock Exchange (CSE) by the TFC, the change in directorate has come to effect from 8th February 2011.
The directors that were removed and who represent the Ceylinco group were P.K Karunanayake, S.R Wijesinghe, A.R Gunawardena, K.A.S Jayatissa, T.N.M Peiris, Y.B Ratnayake and M Sabaratnam from its director board.
The new Directors appointed to the board were Chemenex chief Preethi Jayawardena, Browns Group Deputy Chairman Ajith Devasurendra, N.A Fernando, R. Nadarajah and high net worth investor Dr T Senthilverl.
Courtesy - Daily Mirror