Nimal Welgama, new SLT Chairman
Managing Director of Upali Group of Companies Nimal Welgama has been
appointed Chairman of the Sri Lanka Telecom (SLT) with immediate effect.
A past pupil of S. Thomas' College, Mt Lavinia, Welgama was one time
appointed member of the Central Bank's Monetary Board.
Sri Lanka Telecom is one of the country's most valuable blue chip
companies with an annual turnover in excess of Rs 40 billion.
Whilst Global Telecommunication Holdings NV of Netherlands owns a
44.9 percent stake in SLT immediately after conclusion of their
mandatory offer to the shareholder of SLT on June 2, 2008 while 49.5
percent is owned by the Government of Sri Lanka. The balance shares are
remaining with the general public.