Senior business leader Wijetilleke new Chairman of Touchwood

At an Extraordinary General Meeting of shareholders held on 2 January 2012, it was unanimously resolved that Rienzie T. Wijetilleke be appointed as a Director of Touchwood Investments PLC.

At a Board Meeting held subsequently, the present Chairman Roscoe Maloney stepped down from the chairmanship and the Directors unanimously decided to appoint Wijetilleke as the new Chairman.

Wijetilleke in a brief statement to the board stated that he has “during long years of service in the financial sector focused on the need to utilise the vast economic recourses available in the urban sector to meet the urgent economic needs of the rural sector”.

He was of the view that the medium and long term objectives of Touchwood were identical to his own medium to long term national needs goals. He further stated that this important factor was the main reason for his decision to accept chairmanship of the company. He emphasised that whilst improving the stakeholder value, he would make every endeavour to take the company to the next level of growth.

Wijetilleke’s exceptional track record and impeccable credentials earned over the years in Sri Lanka’s finance sector undoubtedly make him an invaluable asset to any organisation – with Touchwood’s inherent ‘Triple Bottom Line’ concept and Wijetilleke’s vision to bridge the urban and rural economies, the founder of Touchwood Roscoe Maloney believes this is an exceptional partnership to take the company to next level.