Reyaz Mihular, a member of the Sri Lanka Telecom PLC Board, has been appointed as the new Chairman of the state-owned institution.
The appointment was made during a meeting of the SLT Board of Directors held today.
Reyaz Mihular served as the Managing Partner of KPMG Sri Lanka & Maldives from April 1, 2012, to March 31, 2022. He was the Chairman of KPMG’s Middle East & South Asia (MESA) Regional Cluster during the period 1st October 2018 to 30th September 2021.
However, earlier today, former SLT Chairman Rohan Fernando alleged that the Board of Directors had removed him from the post of Chairman of SLT.
Rohan Fernando was appointed as Director/Chairman of the Company in January 2020.
Sri Lanka Telecom PLC is in the midst of a proposed sale of shares and privatization attempts.
SLT was among several institutions that were brought under the purview of the Ministry of Finance, Economic Stabilisation & National Policies via a Gazette notification in May.
The Secretary to the Treasury also gave an undertaking to the Supreme Court of Sri Lanka in May pertaining to the divestiture of government-owned shares of Sri Lanka Telecom.
The Treasury holds a 49.50% stake in the issued share capital of Sri Lanka Telecom PLC. (NewsWire)