Gotabhaya Rajapaksa functions as Board Chairman on honorary capacity
In the wake of the former Apollo Hospital coming under State control
following a court order, the hospital was officially renamed as Lanka
Hospitals when its licensing and support services agreement with Apollo
Hospitals Enterprises expired on November 16.
Gotabhaya Rajapaksa |
In August, a new Board was appointed to the hospital including the
head of Sri Lanka's defence establishment, Gotabhaya Rajapaksa, brother
of President Mahinda Rajapaksa. This was after Sri Lanka Insurance,
which had taken control of the privately built Apollo Hospital, went
back under State control. Rajapaksa became a director with the
appointment of a new Board representing its controlling shareholder.
However, recent speculations have indicated that the former Apollo
Hospital was bought over by Defence Secretary Gotabhaya Rajapaksa, now
Chairman of Lanka Hospitals, which has led to these changes in the name
and identity of the hospital. The Board has issued the following
statement to provide a more complete and balanced explanation on the
structure of its management.
"Apollo Hospital which is now Lanka Hospitals is a public quoted
company whose shares are listed in the Colombo stock market and as such
it has a portfolio of over 8,000 shareholders as of date. Sri Lanka
Insurance is the controlling shareholder owning majority shares which
amount to a total of 54.61 percent, whilst other major shareholders
include DCSL (28.59 percent) and Property Developers PLC - a subsidiary
of BOC (9.53 percent) and Gotabhaya Rajapaksa does not hold a single
share of the company.
"The Board of Directors of Lanka Hospitals has been appointed by the
majority shareholder SLI, and currently comprises 12 Directors
including, Gotabhaya Rajapaksa, an independent director who is also the
Chairman of the company, Pradeep Kariyawasam, Dr. Nalaka Godahewa, Dr.
B. Kaluarachchi, Dr. Ajith Amarasinghe, B.A.C. Fernando, Dr. S.S.L.
Perera, Brigadier (Dr.) Sanjeewa Munasinghe, Asoka Nissanka Pathirane,
Prof. Dayasiri Fernando and Dr. Athula Kahandaliyanage.
"Mr. Gotabhaya Rajapaksa was invited by controlling shareholder SLI
and the Directors of Lanka Hospitals to function as the Chairman of the
Board at an honorary capacity. He is not an Executive Director of the
company, however at his capacity provides leadership and guidance to the
Board."
As stated by SLI Managing Director Dr. Nalaka Godahewa, "Our vision
for the company mirrors the bold vision of the President for our nation.
It is our role to participate in this move towards achieving great
heights in economic accomplishments and that is why we invited the
Defence Secretary to Chair the Board - we believe that under the
capacity of Chairman of Lanka Hospitals, Rajapaksa will no doubt lead us
toward making our contribution towards this mission." |