Hemasiri new BOI Chairman

Former People’s Bank Chairman and President’s Chief of Staff Hemasiri Fernando was yesterday appointed as the new Chairman of the Board of Investment of Sri Lanka (BoI) by President Maithripala Sirisena

Sources confirmed that the new Chairman would take office on Monday (29).

 Fernando on Tuesday (23) stepped down from the position of Chief of Staff of the President.

Daily FT learns that BoI’s Executive Director – Research and Policy Advocacy Champika Malalgoda will be appointed as the next Director General.

President Sirisena last week dissolved the Board of Directors of the BoI and removed the Director General in a surprise move. The apex investment promotion body had been without a Chairman, Board or Director General for over a week.

Daily FT learns that the remainder of the new Board of Directors will be announced in the next few days.

It is also learnt that plans are underway to reappoint Mangala Yapa and Ajit Gunewardene who were serving the Board before the President dismissed it last week.