January 18, 2024: Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) at its board meeting held on the 18th of January announced the appointment of Shyam Sathasivam as the Group Chief Executive Officer. Shyam held the position of Managing Director of the subsidiaries Sunshine Healthcare Lanka Limited and Sunshine Consumer Lanka Limited.
Shyam brings over 21 years of corporate experience, demonstrating local business leadership, executive management skills, and extensive expertise in healthcare and consumer sectors. Shyam is a committee member of the Ceylon Chamber of Commerce (CCC) and the former president of the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI). Shyam started his career at Arthur Andersen, UK, in Corporate Finance, focusing primarily in raising capital for mid-sized companies. He joined SUN in 2005. He is a graduate of the London School of Economics, UK with an MBA from the Kellogg School of Management, Northwestern University, USA and is currently pursuing the Owner/President Management (OPM) program at Harvard Business School, USA.
Commenting on Shyam Sathasivam’s appointment, Vish Govindasamy the incumbent Group MD remarked, “I am thrilled with the appointment of Shyam as the Group Chief Executive Officer. His deep understanding of our business and his strategic vision and leadership qualities perfectly position him to drive Sunshine Holdings to new heights. Shyam’s extensive experience in healthcare and consumer sectors aligns seamlessly with the group’s diversified portfolio, and I believe his appointment will significantly contribute to our continued success and growth. Shyam’s succession was well planned over the past so many years, he has certainly demonstrated his ability to lead the group. Shyam will have several professional CEO’s representing each vertical supporting him. I wish him all the very best in his new role.”
Since 2009, the group has transformed from a tightly held family-run company into a professionally managed diversified company with its Vison of being the “Most Admired Conglomerate in Sri Lanka. “