SLT calls EGM to appoint 75-year-old Chairman

Nimal Perera

Sri Lanka Telecom (SLT) has convened an Extraordinary General Meeting (EGM) to get shareholder approval to appoint Nimal Perera who is 75-years-old as the new Director and eventually the Board to elect him as the Chairman.

In terms of Section 211 of the Companies Act No. 7 of 2007, his appointment is required to be made by the shareholders declaring that the age limit of 70 years referred to in Section 210 of the said Act, shall not apply to Perera. The EGM is scheduled for 30 January. 

Secretary to the Treasury, which owns 49.5% stake in SLT, has proposed the appointment of Perera to the Directorate. The Board having considered the proposal made by the Secretary to the Treasury recommends the appointment of Perera as an Independent Non-Executive Director to the Board of SLT.

Perera as the Chairman of the Urban Development Authority between 2012 and 2015 made a major impact towards the renaissance of urban development. During the 52-day Government late 2018, was appointed Chairman of Sri Lanka Tea Board (SLTB) and as Chairman of State Engineering Corporation.

Last week P.G. Kumarasinghe Sirisena (brother of former President Maithripala Sirisena) resigned as SLT Chairman. Previously, W.K.H. Wegapitiya, Kanishka Senanayake and Nilanthi Pieris also resigned.