New chairman for Touchwood

Rienzie T Wijetilleke was appointed Director of Touchwood Investments PLC at an extraordinary general meeting of shareholders on January 2 .

Rienzie T Wijetilleke

At a board meeting held subsequently chairman Roscoe Maloney stepped down from the chairmanship and the directors unanimously decided to appoint Rienzie T Wijetilleke as the new chairman.

Wijetilleke said that "he has during his long years of service in the financial sector focused on the need to utilise economic resourses available in the urban sector to meet the urgent economic needs of the rural sector". He said that medium and long-term objectives of Touchwood were identical to his medium and long-term goals for the nation.

He said that this factor was the main reason for his decision to accept the chairmanship of the company.

He said that while improving stakeholder value, he would make every endeavour to take the company to the next level of growth.