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Wednesday May 18th, 2022
Business

Sri Lanka president appoints new BOI board; DG to resign: sources

ECONOMYNEXT – Sri Lanka President Gotabaya Rajapaksa has appointed a new board of directors to the Board of Investment (BOI) early this week, source privy to the decision said on Wednesday.

The new board comprises newly appointed BOI chairman Raja Edirisuriya, Jayamin Pelpola, an investment banker turned tech entrepreneur, Athula Haputanti, managing director of Tantri Trailers, Kushan De Alwis, a President’s Counsel, and Dr. Lawrence Perera, Chairman CEO at Micro cars ltd.

Two BOI sources confirmed the appointment.

The BOI has been without a board after the former Chairman Sanjaya Mohottala and key members of the board of directors tendered their resignations on the December 01, 2021, with the Director General too expressing intention to resign.

However, the president refused to accept their resignations and said he had the highest confidence in the former BOI board on their contribution to “promote foreign investments in the best interest of the country”.

Despite the president’s request, Mohattala stayed on only until a new chairman was appointed while Director General Pasan Wanigasekara stayed on to facilitate the sudden management changes after the new chairman went on an overseas holiday.

However, sources said Wanigasekara is expected to step down on January 31 once the chairman returns and a new board of directors is appointed.

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