Ex-SEC Chief Dayanath, ex-NDB CEO join Boards of EAP firms

Monday, 13 October 2014 00:24 - - {{hitsCtrl.values.hits}}

Appointments signify a major milestone in re-positioning of EAP Group

Major companies in the EAP Group - EAP Broadcasting and EAP Films and Theatres, have announced the appointment of Dr. Dayanath Jayasuriya PC as their Non-Executive Chairman with immediate effect.

Dr. Jayasuriya is a former Chairman and Director General of the Securities and Exchange Commission (SEC), a President’s Counsel and an international authority on wecurities and capital markets. He also joins the EAP Holdings Board as a Director. EAP also announced the appointment of Russell De Mel, a former CEO of NDB Bank with significant senior level experience in the banking and financial sectors, on to these three Boards as a Non-Executive Independent Director. They join the internationally-acclaimed Sri Lankan film director Prasanna Vithanage, who is already an Independent Director in these firms. Other members of the Board are Mano Tittawella (Executive Chairman of the EAP Group), Jeewaka Edirisinghe, Deputy Chairman, EAP Group; S. Kariyawasam, Group Chief Executive Officer, EAP Group; Deepa Edirisinghe, Nalaka Edirisinghe and Asanka Edirisinghe, Directors of the EAP Group. EAP Broadcasting is Sri Lanka’s market leader in TV and adio and owns the iconic TV stations, Swarnavahini and ETV, and the popular radio stations, Shree FM, E FM and Ran FM. EBC is currently planning to invest in a complete automation and digitalisation of their transmission systems and will move into a new Media City Complex with state-of-the-art studio and other facilities. This will be undertaken with the collaboration of two leading German technology providers. EAP Films and Theatres operates Sri Lanka’s largest private film distribution network and is one of the country’s major producers, distributors/exhibitors and importers of Sinhala and foreign language films. EAP Films and Theatres has embarked on the digitalisation (2K and 3G) of its circuit with the aim of providing a world class viewing experience to all Sri Lankan cinema patrons. This move is seen as a major milestone in the ongoing repositioning of the EAP Group, which will see a 75-year-old family-owned business conglomerate with interests in finance, trading, entertainment, leisure and property convert itself into a publicly listed group in the medium term.