Ex-President Sirisena’s brother steps down as Chairman, Sri Lanka Telecom

ECONOMYNEXT- Sri Lankan ex-President Maithripala Sirisena’s brother, P.G. Kumarasinghe Sirisena stepped down as the Executive Director/Chairman of the state-owned telco Sri Lanka Telecom, a statement said.

Kumarasinghe Sirisena was appointed as the Chairman of Sri Lanka Telecom, the island’s sole fixed-line operator, in 2015 after the presidential victory of his brother Maithripala Sirisena.

The move had drawn criticism, after citizens had voted out the previous government for giving plum state-sector positions for family members.

Kumarasinghe Sirisena was the Chief Executive/General Manager of the Sri Lankan State Timber Corporation before being appointed as the Chairman of SLT Group and has over 30 years’ experience in the state and private sector.

He was a Director of the state-owned Land Reclamation & Development Company Ltd. and LRDC Services (Pvt) Ltd.

He is a financial Consultant for the family-owned Araliya Group of Companies (Pvt) Ltd.

The statement issued by the SLT said Kumarasinghe held no shares in the firm.

The Sri Lankan state owns 49.5 percent of shares in SLT, while Netherlands-based Global Telecommunications Holdings NV owns 44.98 percent of the shares.

Global Telecommunications Holdings the holding company of Maxis, a Malaysia-based telecommunication company that provides telecommunication expertise and assistance to SLT.

Three Global Telecommunications Holdings officials sit as directors on SLT.

(Colombo/Jan 07/ 2019)

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