Blue Diamonds loses CEO

Wednesday, 6 February 2013 00:00 -     - {{hitsCtrl.values.hits}}

Blue Diamonds Jewellery Worldwide Plc said yesterday its CEO Asanga Karunaratna has resigned with immediate effect.

The Company didn’t give reasons for Karunratna’s move in its filing to the CSE. He was appointed as CEO on 28 September 2012.

Karunaratne’s move comes hot on the heels of him resigning from eChanneling Plc as well. He was the Executive Director in eChanneling Plc.

In what appears an inter-connected development, Karunraratne took office as CEO at BLUE after Ruwan Silva quit as CEO to focus more on eChannelling where he was Deputy Chairman orioginally and later moved up as Chairman. Last week Silva assumed CEO role as well following the resignation of Karunaratne.

ECL soft Ltd., owns 14% stake in BLUE and as a subsidiary is a related party to eChanneling, which is controlled by British American Technologies (BAT).

BLUE has lost much of its shine with a spate of appointments to and resignations from its Board during the past year.

Karunaratna joined the eChanneling Board in January 2012. 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. He also served as the director of ECL Soft Ltd.