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Indrajith Coomaraswamy appointed as independent non-executive director of Dialog

02 Feb 2021

Dialog Axiata PLC announced yesterday (1) that it has appointed Dr. Indrajit Coomaraswamy as an Independent Non-Executive Director on the Board of Dialog with effect from 1 February.  The appointment comes after Non-Independent Non-Executive Director Dato’ Mohd Izzaddin Idris resigned from the Board of Directors of Dialog with effect from 31 December 2020.  Idris had a Relevant Interest in 6,785,252,765 (83.01%) ordinary shares of Dialog at the date of his resignation. The said shares are held by Axiata Investment Labuan Ltd., which is a wholly owned subsidiary of Axiata.  “Once we received the letter of resignation, we were required to obtain approval for changes in the Board composition in compliance with the Company’s governance process. Hence, we were not able to announce the change immediately,” the company added in a statement yesterday. Dr. Coomaraswamy has over 40 years of experience in policy making and providing economic advisory services on both macroeconomic and structural issues at national and intergovernmental levels. Dr. Coomaraswamy served as the 14th Governor of the Central Bank of Sri Lanka from July 2016 to December 2019.  He started his career in the Central Bank of Sri Lanka in 1974 and worked in the Economic Research, Statistics and Bank Supervision Departments of the Central Bank of Sri Lanka until 1989. From 1990 to 2008, he held several senior positions at the Commonwealth Secretariat, including Director, Economic Affairs Division.  Dr Coomaraswamy currently serves on the Board of Tokyo Cement Company (Lanka) PLC as an Independent Non-Executive Director and is also currently the Chairman of Lynear Wealth Management.  Dr Coomaraswamy received awards as “Sri Lankan of the Year 2016” (LMD) and “Central Bank Governor of the Year for South Asia” 2017 (Euromoney Institutional Investor Group PLC). He also received the Sri Lankan national honour of “Deshamanya” in August 2019.  Dr. Coomaraswamy holds a B.A. (Hons) degree from the University of Cambridge, UK, and a DPhil degree from the University of Sussex, UK. In addition, he has represented and led the Sri Lanka National Rugby team and has also played First Class Cricket in Sri Lanka.   


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