Poholiyadde quits RP, joins Lankem
View(s):Former head of plantations at Richard Peiris Sunil Poholiyadde is taking over as the new Managing Director at the Lankem Plantations unit.
Mr. Poholiyadde, Richard Peiris Group’s Plantations Sector Managing Director resigned from his post according to an announcement on the Colombo Stock Exchange (CSE) filing by the group.
He resigned from the boards of Namunukula Plantations, Kegalle Plantations and Maskeliya Plantations and exited the company on August 2.
He is currently Chairman -Planters Association and, according to informed sources, is to head the plantations unit of Lankem which has Kotagala and Agarapathana Plantations.
Lankem is said to already be in debt and the government is already questioning the financials of its key plantations estate Kotagala Plantations.
It is learnt that Mr. Poholiyadde assumed duties on Friday (August 10) and was discussing with the Lankem authorities on the problems on its properties and how the company would be able to turn-around.