July 27, Colombo: The Chairman of Commercial Bank of Ceylon Dinesh Stephen Weerakkody will relinquish his office as a director/chairman on 28 July 2014, the Commercial Bank said in a disclosure to the Colombo Stock Exchange.
The Bank announced that Mr. Weerakkody will step down after completing nine years as a Director of the Bank according to the Corporate Governance Rules of the Central Bank.
Mr. Weerakkody was appointed to the Board of Commercial Bank of Ceylon in July 2005. In August 2011, he was appointed as Deputy Chairman and as Chairman in December 2011.
He was the 7th Chairman of the Bank and also served as the Chairman of the Board Audit Committee and Remuneration Committee.
As at date, Mr. Weerakkody holds 26,867 voting shares and 12,452 non-voting shares of the Commercial Bank of Ceylon.