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| Friday, 9 April 2004 |
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President Chandrika Bandaranaike Kumaratunga has appointed Lalith de Mel as the new Chairman of the Board of Investment. He assumed duties yesterday. De Mel was educated at St. Joseph's College, Colombo and Peterhouse, Cambridge University, where he completed the Tripos in Economics. In 1990, he completed the AMP at Harvard Business School. He worked as Research Economist a Lecturer in Economics and for Shell in Sri Lanka before joining Reckitt and Colman. He retired as a Main Board Director of Reckitt and Colman PLC in May 1999. Since then, he spends two weeks a month in Sri Lanka. Whilst in the UK he worked as a consultant on developing a strategy on healthcare activities for the new merged company Reckitt Benkiser Plc. and continued in this role till June 2000. From 2000 to 2004 he was on the main Board of CDG Capital Partners Plc. UK. This is a one Billion Pound fund owned by the UK Government to finance development projects through equity finance in developing countries. In Sri Lanka, he continued as Chairman of Reckitt Benckiser Lanka Ltd. till 2004. In December 1998, he became Chairman of Sri Lanka Telecom a joint venture between the Government of Sri Lanka and NTT of Japan, and subsequently a Director of People's Bank one of the two state Banks and Chairman and Director General of the Board of Investment of Sri Lanka. At the end of 2001 he relinquished the three roles on a voluntary basis for the Government controlled organisations - Sri Lanka Telecom, People's Bank and BOI. From 2000 to 2003 he was a Director of John Keells Holdings Ltd., the largest quoted Company in Sri Lanka. Currently he is a Director of Delmege Forsyth and Co. Ltd., Serendib Hotels Ltd., Serendib Leisure Management Ltd., and Hemas Holdings Ltd., |
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