Saturday, 7 October 2017

Rajaratnam takes back seat at Lankem & EB Creasy

Mr. Alagarajah Rajaratnam, the Chairman of the majority of listed companies of the Colombo Fort Land and Buildings Group has divested the chairmanship of two group companies, Lankem Ceylon PLC and EB Creasy and Co. PLC but would continue to serve on their boards as a director, the companies announced through a stock exchange filings last week.

Mr. SDR Arudpragasam, Managing Director of EB Creasy and Deputy Chairman of Lankem, will succeed him with effect from Oct. 1. He will retain his position of MD of EB Creasy.
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