Resignations at SLT as board overhaul begins

Sri Lanka Telecom (SLT) this week saw its board members resign after President Ranil Wickremesinghe directed the Treasury Secretary to reconstitute the board with immediate effect.
SLT disclosed to the Colombo Stock Exchange (CSE) that Chairman and Independent Non-Executive Director Reyaz Mihular tendered his resignation, with effect from January 29, 2024.  The five other directors also tendered their resignation, a separate filing to the CSE said.
The Directors are Rohan Fernando (former SLT Chairman, holding 120,000 shares), Lalith Seneviratne, Ranjith Rubasinghe, Mohan Weerakoon and Treasury Representative K.A. Vimalenthirarajah (holding
1,300 shares).

Former SLT Chairman Fernando also stepped down as  Chairman from SLT Subsidiary eChanneling PLC.  On Friday, January 26, Secretary to President Saman  Ekanayake, under the directive of Wickremesinghe, announced  the appointment of a new set of board of directors to SLT. The new members are K.D.D.D. Arandara – Chairman,  Dr. K.A.S. Keeragala – Member, Attorney-at-Law Dinesh  Vidanapathirana – Member, Prof. K.M. Liyanage – Member, Dr.  D.M.I.S. Dassanayake – Member and Chathura Mohottigedara –  Treasury Representative. As reported by our sister paper the Daily FT, the  reconstitution is due to the government being irked with SLTMobitel challenging in court the proposed merger between  telco giant Dialog Axiata and Airtel.