The interim management of Sri Lanka Telecom (SLT) is heading into troubled waters following the resignation of Group Chief Financial Officer Lalith Fernando recently, SLT sources disclosed.
The new interim management team was appointed on December 21 to steer the SLT following the resignation of CEO Dileepa Wijesundera on Wednesday 13 amidst trade union’s allegations of corruption and mismanagement against him.
Fernando had been appointed as the Group CFO to oversee the financial management of SLT and subsidiaries accept Mobitel.
He tendered his resignation citing difficulties in managing finances of the company mishandled by the former CEO, one source said.
SLT Board of Directors will meet on Thursday to discuss the present situation and take a decision on the appointment of a new CEO, he said.
SLT operates under an executive committee headed by Chairman P.G. Kumarasinghe and three groups headed by three Chief Officers during the transition period.
After the resignation of the Group Chief Financial Officer this management system has been reduced to two groups.
Source : The Sunday Times
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