Ceylon Tobacco Company PLC (CTC) announced today that Susantha Ratnayake who served as the Chairman of the Board of Directors of the Company retired from the position with effect from 31 July 2018, having completed a term of five years as Chairman and a term of six years as a Non-Executive Independent Director.
Having joined the Company’s Board as a Non-Executive Director in 2006, over a period of a decade, Mr. Ratnayake’s contribution to the Company and the Board has been immense; providing leadership, guidance and advice with his experience, knowledge and expertise.
As the Chairman, Mr. Ratnayake always provided direction with his business insight, in setting the company’s strategic agenda. His contribution as a member of the Audit Committee to mitigate risks and ensure compliance has been invaluable. As the Chairman of the CSR Committee, Mr. Ratnayake supported and guided the CTC team in developing and carrying out CSR programmes, which have won many awards and enhanced the corporate reputation of the Company.
The Company also deeply appreciates the guidance and support received from Mr. Ratnayake to navigate through difficult circumstances, during times when the business faced regulatory and other external challenges.