Ceylon Tobacco Company PLC (CTC) yesterday announced that Susantha Ratnayake, who served as Chairman of the board of directors of the company, retired from the position with effect from July 31, 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, Ratnayake’s contribution to the company and board has been immense, providing leadership, guidance and advice with his experience, knowledge and expertise.
As Chairman, 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 Chairman of the CSR Committee, 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.
CTC said it deeply appreciates the guidance and support received from Ratnayake to navigate through difficult circumstances, during times when the business faced regulatory and other external challenges. The management and employees of the company take this opportunity to wish him all the very best in his retirement.