Managing Director CBL, Lakshman de Silva retires

After giving direction to Ceylon Biscuits Limited (CBL) as Managing Director, Lakshman de Silva will retire from CBL on March 31, 2011 leaving behind memories of an illustrious career spanning over 11 years with the company.

During this period, under the leadership of its Chairman Mineka Wickramasingha, the group's overall turnover increased from Rs. 1 billion to over 16 billion with group profitability increasing over 16 fold. De Silva was a member of the management team that contributed to this remarkable growth of the organisation.

While the group surged ahead with an outstanding financial growth, it also enhanced industry scalability by expanding the width and depth of its product portfolio, positioning CBL as one of the most diversified food processors in the Sri Lankan market. During the past decade CBL succeeded in taking their brands to many overseas markets and established its reputation as a forerunner in bringing in much needed foreign exchange to Sri Lanka.

As CBL surges ahead with even more innovations and new products CBL is now looking for a dynamic replacement for De Silva who will be able to assist the senior management to steer the group to its next level of growth in both domestic and international arenas.