Newly appointed Sri Lanka Telecom (SLT) Chairman Reyaz Mihular has listed seven new management strategies and future administrative initiatives by the Sri Lanka Telecom-Mobitel Board. 

According to Daily FT, in a memo to the employees of the SLT- Mobitel Group, Mihular has outlined the desired way forward for the institution. 

In his message to the staff, Mihular stressed that he is a Non-Executive Chairman and his role is to fully comply with the Company’s rules as stated in the Articles of the Company. 

The seven new management strategies and administrative initiatives listed by the Board are as follows;

1. Management of the SLT-Mobitel will rest in the hands of the Chief Executive Officer, Janaka Abeysinghe and his management team and neither me nor my fellow directors will get involved in any manner in the operational activities of SLT-Mobitel.
   
   2. As a Board, we will set out a strategy that is aligned with the vision, mission and purpose; targets and KPIs (Key Performance Indicators) for the management team, checks and balances and their performance will be closely monitored and measured against them and suitably rewarded, where relevant. The key is that the Board wishes to foster a performance culture with measurable outcomes.
   
   3. Urgent steps will be taken by management to sell the Range Rover, which cost nearly Rs. 71 million in February 2021 in a transparent process to get the best value to the Company. Whenever the Chairman and/or Directors need to attend official meetings/functions, a company vehicle will be provided on a need basis.
   
   4. The present Chairman’s office will be converted into a Directors’ meeting room.
   
   5. There will be just one (1) Secretary (as opposed to the 6 staff members presently assigned to the Chairman) to deal with all incoming communication to the Chairman’s office and other Directors. The administration matters for all directors will be handled by Mahesh Athukorala, Company Secretary.
   
   6. There will be no security necessary for the Chairman
   
   7. I will, like other directors, not be involved in any communication, receipt of information or decisions where there are interests involving me and/or my family that have transactions with SLT-Mobitel. I have declared my directorships as required by the regulatory requirements of the country and this has been confirmed by the Company Secretary. (NewsWire)

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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)

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