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* New managing director appointed at Colombo Dockyard
Fri, Apr 11, 2014, 12:34 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 11, Colombo: Sri Lanka's leading ship builder, Colombo Dockyard, a listed firm in the Colombo Stock Exchange has appointed a new managing director.

Mangala Prema Banda Yapa, the Managing Director/ CEO of the company, who was a nominee director of Onomichi Dockyard Co., Ltd, of Japan retired from his services on April 10th, immediately after the 31st Annual General Meeting of the firm, the company announced in a stock market disclosure today.

Onomichi Dockyard Co., Ltd, the major shareholder of Colombo Dockyard has nominated and appointed Ranil Wijegunawardena, present General Manager (Finance) as the new Managing Director/CEO in place of Mr. Yapa.

The succeeding MD/CEO, Ranil Wijegunawardane is a Fellow Chartered Accountant (FCA), Fellow Member of Certified Management Accountant (FCMA), and holds Postgraduate Diploma in Management, Sri Jayawardanepura (PDM, Sri J.) and Diploma in Treasury Investment and Risk Management of Institute of Bankers of Sri Lanka (IBSL).

He has been a long-standing member of the company's senior management team, working alongside Yapa and the engineering team. He has over 30 years of experience of which 19 years at the company and two subsidiaries Dockyard general Engineering Services (Pvt) Ltd. and Ceylon Shipping Agency Pte. Ltd, Singapore.

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