MAC Holdings announces Fumio Otani as new Chairman

Monday, 22 March 2021 02:55 - - {{hitsCtrl.values.hits}}

Andre Fernando to continue as Group Managing Director

Chairman Fumio Otani

Group Managing Director Andre Fernando

MAC Holdings Ltd. has announced the appointment of Fumio Otani as the new Chairman taking over from the incumbent Chairman/Managing Director Andre Fernando who will focus on being the Group Managing Director.

“I’m honoured to be named as Chairman of the Board for MAC Holdings Ltd. and excited to support the next chapter in the company’s success,” said Fumio Otani. “MAC Group of companies is already a leader in its varied sectors which they engaged in, but I believe it has the potential to grow much further. I’m looking forward to working with the board and management team to build the business through innovation, product and sector enhancements, special focus on power and renewable energy, while exploring investment opportunities to the group of companies.”

Otani is a Japanese national, educated at the Tokyo Metropolitan University with a Bachelor’s in Mechanical Engineering and having followed management programs in respected institutions such as Harvard Business School. He has held a multitude of corporate positions during his illustrated carrier spanning 38 years at Toshiba Corp. (Toshiba Energy Systems and Solutions Corp, Toshiba Americas and Toshiba Asia Pacific). His forte has been, company restructuring, digital transformation and special interest on to thermal, hydro and renewable energy business systems.

MAC Holdings Ltd. Managing Director Andre Fernando expressed, “Mr. Fumio Otani’s long history of leadership, coupled with his successful track record in leading MNCs, makes him an ideal candidate to steer the company as its Chairman. To his credit he was involved in two power projects in Sri Lanka namely Kukule Ganga and Samanala Wewa large scale hydro projects. I’m confident that with his international exposure we are assured that he will bring in multinational culture, Japanese investors and FDI opportunities, strategic expertise in power and renewable energy sector which will help with the GOSL’s vision to make the country 70% on renewable energy mix. While congratulating him on his appointment, the company and the board of directors are looking forward to working closely with him to accelerate MAC Holdings Ltd.’s next phase of growth.”