Ceylon Chamber elects new leadership team

Saturday, 29 June 2013 00:00 -     - {{hitsCtrl.values.hits}}

At the 174th AGM held on Thursday, Suresh Shah was appointed as the Chairman of the Ceylon Chamber of Commerce. Samantha Ranatunga was appointed as the Vice Chairman and Rajendra Theagarajah as the Deputy Vice Chairman for the year 2013/14. Shah is a member of the Board of Carson Cumberbatch PLC, a position he has held since 2002.  Since 1991, he functions as Chief Executive and Board Member of the Group’s brewery business which currently comprise two publicly listed companies, Ceylon Beverage Holdings PLC & Lion Brewery Ceylon PLC. Shah is a Director of the Sri Lanka Business Development Centre, a Council member of The Employers Federation of Ceylon and a member of the Business Advisory Council of United Nations Economic and Social Commission for Asia and Pacific (UNESCAP). Shah joined the Chamber committee in 2004 and serves as an Office Bearer of the Ceylon Chamber of Commerce since 2009. For many years he has sat on a number of its Steering Committees, including those relating to Peace and Reconciliation and Economic and Fiscal Policy which he chairs at present. He is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka. The newly-appointed Vice Chairman Samantha Ranatunga Joined the Board of CIC on 21 May 2002, was appointed Chief Operating Officer in February 2005 and assumed Office as Managing Director/CEO in April 2009. He is a Non-Executive Director of a number of unlisted companies in the CIC Group including Akzo Nobel Lanka Paints Ltd., Perfunova International Ltd., India, Rahimafrooz, CIC Agro Ltd., Bangladesh and is an Independent Director of Seylan Bank, PLC. Samantha joined the Committee of the Ceylon Chamber of Commerce in 2009 and serves as an Office Bearer since 2011. Currently Samantha chairs the Sri Lanka Economic Summit Steering Committee and is a member of the Economic, Fiscal and Policy Planning Steering Committee of the Chamber. He is also the President of the Sri Lanka Africa Middle East Business Council and a Committee Member of the Sri Lanka-Maldives Bilateral Business Council.  He also serves as the   Chamber nominee on the Mercantile Services Provident Society. Samantha holds a degree from the University of Delhi and a Masters in Business Administration, UK. Deputy Vice Chairman Theagarajah is the current Managing Director/Chief Executive Officer of Hatton National Bank PLC, Sri Lanka’s premier private sector commercial bank. From 1 August 2013 he will be joining the National Development Bank PLC as its CEO. Having obtained an MBA from the Cranfield School of Management, UK, he joined the Chase Manhattan Bank (now known as JP Morgan Chase) in London and obtained extensive experience in internal control systems, branch operations, global custody and treasury management within the bank’s Europe, Middle East and Africa (EMEA) region. He returned to Sri Lanka in 1992 and joined the Colombo Branch of Banque Indosuez (now part of the CALYON Group) and served as its Deputy General Manager. Theagarajah joined the Chamber Committee in 2010.  Currently Theagerajah serves as the Chairman, Finance, and Banking and Capital Markets Steering Committee and as a member of the Code of Ethics Steering committee of the Ceylon chamber of Commerce. Theagarajah is a Fellow of the Institute of Chartered Accountants of Sri Lanka and the Chartered Institute of Management Accountants, UK and a Chartered Global Management Accountants.

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