Business Times

Ceylinco Insurance AGM held sans Kotelawala

Ceylinco Insurance held its Annual General Meeting (AGM) on Wednesday sans Lalith Kotelawala with some shareholders acknowledging the contribution the disgraced former chairman has made to the insurance industry, a source from the board of directors said.

“Godwin Perera, a well-known marketer, was also elected an independent director as per agenda,” the source said, adding that there wasn’t any major issues vis-à-vis Kotelawala at the meeting. The former chairman withdrew plans to seek re-election after several protests over his re-election bid.

The source said a new chairman will be picked at a board meeting later this month.

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