Financial Times

MAXIS nominee as SLT CEO takes over this week

By Bandula Sirimanna

Malaysian mobile phone giant Maxis, a major shareholder at SLT and operating through Global Telecommunications Holdings NV-GTH) will see the appointment of their nominee as SLT CEO, an Australian national, this week.

Four Maxis representatives on the SLT board recently held discussions with the SLT Chairperson Leisha Chandrasena and other board members to iron out some of their concerns with regard to management control, informed sources told The Sunday Times FT. The Maxis-controlled CEO -- selected through a global head-hunting exercise -- will handle day-to-day operations without full administrative and financial control unlike the previous incumbent when Japan’s NTT was the stakeholder.

Under the new structure the new CEO will be overseeing the work of 12 divisions managed by SLT chief officers. The new shareholder agreement, which will clearly set the areas of control of Maxis, is yet to be finalized, the sources said. A senior SLT senior official declined to comment on the new appointment saying that this matter is outside his purview. A new Chief Officer-Finance has also been appointed to streamline financial control of SLT.

Top to the page  |  E-mail  |  views[1]
Other Financial Times Articles
CPC in the dock over hedging
LMS – BOI case now before Supreme Court
Foreigners sell JKH due to global crisis, company performance
AMW-JKH-Finlays project by 2009
MAXIS nominee as SLT CEO takes over this week
Fowzie, De Mel disagree on oil drilling
Handicraft - assets of Sri Lanka
Doosra by the Banks?
New dimension in Banking and Payment System
Regulation no panacea for all ills
Sri Lanka’s gift in song mesmerises world audience
Monopolies and less geared firms to survive global economic crisis
Hayleys Agro helps boost paddy yields
ST Biz Club discusses ‘Global Economic crisis’
Nestle, Aitken Spence take top awards at CCC awards
Business brief
Bailing out greedy business leaders
Risking his business to develop a downtrodden village
Holistic training for pastry chefs helps southern youth
Important to maintain Ceylon Cinnamon botanical name
Interest rates too high –DIMO chief
Finlays Colombo in medical waste disposal business
Public sector enterprises must improve performance – Amunugama
Weaker Indian rupee makes Indian fabrics more attractive here
Higher debt provisioning, fewer loans slow ComBank growth
SriLankan Airlines focusing on ancillary services
Some Rs 81 bln owed to Treasury from state agencies-report
NCCSL seminar on family businesses
E-WIS wins again at HP awards 2008
CPC energy hedge: Anatomy of a crisis
CPC - Is it heading for liquidation?
Tender procedures deviated in oil deals
Coconut growers worried about growing palm oil imports
Mobile industry settles dispute with Airtel
New-look Nawaloka now biggest private hospital in Sri Lanka
Loss of the EU’s GSP+ will hurt entire economy - exporters
Mlesna opens “Tea Castle” in Talawakelle


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2008 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution