Financial Times

JKH chief back, keeps low profile
John Keells Holdings chairman Vivendra Lintotawela is back after a lengthy stay in India for medical treatment but is keeping a low profile after the rumours of a shake-up in the management of the conglomerate that was triggered by his overseas trip.

Lintotawela's office said he had declined requests for an interview and he was not available for comment on the telephone. His trip to India for what senior company officials said was further treatment after heart bypass surgery last year led to a spate of rumours that he was stepping down.

The reports said the top management was under pressure from certain big shareholders such as foreign fund managers to improve the company's profitability in terms of its size and capital base.

However, senior KKH executives dismissed these reports and said the company was performing according to expectations and that shareholders had not expressed dissatisfaction in the way it was managed.

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