The Board of Investment (BOI) on Wednesday denied reports and dismissed speculation that Chairman/Director General Jayampathi Bandaranayake was resigning over ‘discontent in the BOI”.
“The Chairman has clarified that he had assumed duties at the BOI with specific understanding as to the tenure of office, the details of which cannot be disclosed given its sensitive nature.
There have been interactions with relevant authorities where this subject has been reviewed and the intention to abide by the original understanding has been reconfirmed. It is possible that this may have given rise to the media speculation,” the statement said.
It said the Chairman has also confirmed that the organizational changes that were the subject matter of recent press releases by the BOI are continuing as planned with due consultation and consent of majority of the staff of the BOI.
“The Chairman further confirms that appropriate notice will be given prior to relinquishing his role to the internal staff of the BOI as well as the investor community in general,” the statement added.
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