January 31, Colombo (LNW): Sri Lanka Telecom (SLT) witnessed a significant change in its Board composition as Board members submitted their resignations.
This move comes in response to President Ranil Wickremesinghe’s recent directive to the Treasury Secretary to promptly reconstitute the SLT Board.
In an official disclosure to the Colombo Stock Exchange (CSE) on the matter, SLT PLC informed that Chairman and Independent Non-Executive Director Reyaz Mihular tendered his resignation, effective from January 29, 2024.
Additionally, five other Directors, namely Rohan Fernando (former SLT Chairman), Lalith Seneviratne, Ranjith Rubasinghe, Mohan Weerakoon, and Treasury representative K.A. Vimalenthirarajh, submitted their resignations in a separate filing to the CSE.
Notably, Rohan Fernando also stepped down as Chairman of SLT Subsidiary eChanneling PLC.
On January 26, under the directive of President Wickremesinghe, Secretary to President Saman Ekanayake announced the appointment of a new set of Board Directors for SLT.
The newly appointed members include K.D.D.D. Arandara (Chairman), Dr. K.A.S. Keeragala, Attorney-at-Law Dinesh Vidanapathirana, Prof. K.M. Liyanage, Dr. D.M.I.S. Dassanayake, and Chathura Mohottigedara as the Treasury Representative.
According to reports, this restructuring stems from the government’s concerns over SLT-Mobitel’s legal challenge against the proposed merger between telecom giants Dialog Axiata and Airtel.
