NANDANA EKANAYAKE APPOINTED CEO OF INSEE CEMENT

Siam City Cement (Lanka) Ltd,(earlier known as Holcim) announced the appointment of Nandana Ekanayake as the Company’s new Chief Executive Officer.  He was the Finance Director and Head of Divestment project of Siam City Cement (Vietnam) Ltd, (formerly known as Holcim Vietnam Ltd)and will take over the reins of INSEE Cement in Sri Lanka from Phillippe Richart, who has accepted the position of General Director (CEO) in Vietnam.

Nandana was the Finance Director of Holcim Vietnam since June 2007 and held the acting CEO position in several occasions in Vietnam and Sri Lanka in the past. Prior to that he was the Vice President, Finance & Controlling of Holcim (Lanka) Ltd. He has considerable experience in senior management level not only at Holcim Lanka, but also at Ruhunu Cement and Hayleys Ltd.

During his tenure in Sri Lanka he was instrumental in restructuring and merging  Ruhunu Cement and Puttalam Cement Co Ltd into one legal entity named Holcim Lanka Ltd and led many projects including  raising financing through a preference shares issue to refurbish the Puttalam plantafter the initial merger.

In Vietnam he was in charge of several mergers, expansions and acquisition projects during the process Holcim Vietnam became a major player in the South of Vietnam.   Holcim Vietnam has the highest brand equity among the cement brands and won the award of the best employer in the industry for a few consecutive years.

He is a Fellow Chartered Accountant (FCA) of the Institute of Chartered Accountants of Sri Lanka and is a Certified Public Accountant (CPA) and member of Institute of Certified Public Accountants (ICPA), Australia.  Nandana has received leadership training at the London Business School and International Institute for Management Development,(IMD) Switzerland.

Chairman of Siam City Cement (Lanka) Ltd., Paul Hugentobler, who announced the appointments on behalf of the Board of Directorsstated “I wish both Nandana and Philippe every success in their new appointments.”