Home / / Ruwan resigns as Blue Diamonds CEO to concentrate on eChannelling

Ruwan resigns as Blue Diamonds CEO to concentrate on eChannelling


Comments / 793 Views / Friday, 21 September 2012 00:01


Ruwan Silva has resigned as the CEO of Blue Diamonds Jewellery Worldwide Plc with effect from 27 September.

The move is believed to be part of internal restructuring within the Company and eChannelling Plc Group, which holds a 15% stake in Blue Diamonds. Sri Lanka Insurance holds a 10.5% stake. The move will enable Ruwan to focus more on eChannelling whilst Deputy CEO Asanga Karunaratne is tipped to be promoted as CEO of Blue Diamonds.
Ruwan is also the eChannelling Plc Deputy Chairman in addition to being the Chairman of British American Technologies Ltd., a key shareholder of eChannelling Plc holding 28%, whilst SLIC owns 25%.
Prior to setting up British American Technologies, Ruwan was the Chief Financial Officer at Sri Lanka Telecom PLC and Chief Financial Officer for Ericsson Algeria and Sri Lanka. He has more than 18 years of experience, cutting across varied industries, such as healthcare, electronics, telecommunications, transportation, IT and banking.
Asanga Karunaratne was appointed an Executive Director of eChannelling PLC in January 2012. He was the Chief Executive Officer of eChannelling Plc. He is a Chartered Marketer with a MBA and has over 25 years of managerial experience. He also has management experience in the manufacturing and service industries. Karunaratne also serves as the Director of ECL Soft Ltd.
Following a capital reduction move, retained losses at Blue Diamonds as at 30 June 2012 amounted to Rs. 46 million, down from Rs. 881 million as at end FY12.


Share This Article


COMMENTS

Today's Columnists

Justice Gamini Amaratunga, a Judge for our times

26 May 2015

“A court which is final and unreviewable needs more careful scrutiny than any other. Unreviewable power is the most likely to self-indulge itself and the least likely to engage in dispassionate self-analysis… In a country like ours no...


The price of perpetual debt

26 May 2015

The Parliamentary brawl over the Bond scam was a revealing event. It exposed the fragile nature of the Maithripala presidency and the UNP administration. The coercive deep State has been replaced by a duplicitous corporate State. The rich contin...


Royal embarrass and annihilate Trinity

26 May 2015

The stage was set for a fantastic game in Colombo after RC had broken the Kandy hoodoo in the Lion’s den. There was an air of expectancy that TCK was about to unleash a repeat of what they did a few years ago. What we actually witnessed was ...


Succeeding in the Social Age: Lessons for Lankans

25 May 2015

   I came across an interesting and insightful book entitled ‘A World Gone Social’. The authors Ted Coine and Mark Babbit take us through an important journey by discussing how we have transitioned from the industrial...


Columnists More