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New Directors on Blue Diamonds Board

Sep 19, 2011 3:25:01 PM - www.ft.lk

BLUE Diamonds Jewellery Worldwide announced today that it had appointed Monoj Bathiya Kumar Satharasingha and Manikkarasaga Thiyagaraja to its Board of Directors with effect from 16 September.
A proposal by British American Technologies to appoint five new directors to the Board of Blue Diamonds Jewellery Worldwide was recently rejected by shareholders at an Extraordinary General Meeting on the grounds that it did not comply with Section 203 of Companies Act No. 7 of 2007.

British American Technologies which owned a little over 10 per cent of Blue Diamonds sought five board seats in the company.
Blue Diamond’s Board at present includes Managing Director Bandula Ranaweera, Godfrey de Krester, K.V.D.D.A Dias, A.R. Gunawardena, A.D. Jegasothy, M.M.N. Priyantha, S.R. Wijesinghe, W.K. Galagoda, H.A. Wehelle and W.P.J.L.M. Fernando. De Krester was recently appointed Deputy Chairman of Blue Diamonds.

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