Sri Lanka’s foremost producer of cement, Siam City Cement (Lanka) Limited (SCCCL), known as INSEE Cement, announced changes to the composition of the Company’s Board of Directors on Friday, 15th May, 2019.
Nandana Ekanayake was appointed as the new Chairman of the board of directors. He will also continue in his position as the Chief Executive Officer (CEO) of the Company.
Furthermore, Ms. Anuttara Panpothong and Mark Schmidt have been appointed as new Directors. Aidan Lynam and Rizmy Richard will continue as Directors of the Board of SCCCL.
Paul Hugentobler who was the former Chairman of SCCCL and former Directors, Siva Mahasandana, Vanchai Tosomboon and Pongpinit Tejagupta have stepped down.
Commenting about the change to the Board composition of SCCCL, Paul Hugentobler, Chairman of the Board of Directors Siam City Cement (Public) Company Limited in Thailand, said “I would like to take this opportunity to thank Mr. Siva Mahasandana, Mr. Vanchai Tosomboon and Mr. Pongpinit Tejagupta for the valuable contribution made over the last two and half years and also congratulate the new Chairman and the Directors. I am confident that they will further strengthen the Sri Lankan operation,” he added.
The changes to the Board of Directors of INSEE Cement Sri Lanka were announced soon after the Group’s Board Meeting of Siam City Cement (Public) Company Limited in Thailand.
Nandana Ekanayake, the new Chairman of INSEE Cement, Sri Lanka was the Finance Director and Head of Divestment Projects of Siam City Cement (Vietnam) Ltd prior to his appointment as the CEO in Sri Lanka in March 2017 and has considerable experience in mergers, expansions and acquisition projects.
He is a Fellow Chartered Accountant (FCA) of the Institute of Chartered Accountants of Sri Lanka and is a Certified Public Accountant (CPA), Australia. He has received leadership training at the London Business School and International Institute for Management Development (IMD), Switzerland.
About the Company – INSEE Cement, Sri Lanka
INSEE Cement, Sri Lanka also known as Siam City Cement (Lanka) is a member of the Siam City Cement Public Company Limited in Thailand. INSEE Cement Sri Lanka is the only fully integrated cement manufacturer in the country. The company produces Sri Lanka’s most preferred brands – INSEE Sanstha Blended Cement and Mahaweli Marine Cement. The flagship brand Sanstha Cement, is the first Blended Cement launched in Sri Lanka and the first “Green cement product” to receive the green labeling certification from the Green Building Council, Sri Lanka. From recently, the company has started producing Customised Concrete based Solutions (Ready-Mixed Concrete) in a state-of-the-art INSEE Concrete manufacturing facility in Peliyagoda. It is an eco-friendly, zero-discharge plant with a reclaimer that reuses aggregates and water.
INSEE Innovation and Application (I&A) Centre in Peliyagoda, assures the high-quality consistency of all concrete and cement produced by the plants and delivered to the market and will continuously develop new products & solutions for the industry.
Further, INSEE Cement Sri Lanka currently imports and sells ‘Conwood’, popular product in Thailand and Indonesia as a concrete-based replacement for wood. The company also owns subsidiaries such as, Mahaweli Marine Cement (Private) Limited and INSEE Ecocycle Lanka (Private) Limited.