Business
DSI Samson Group appoints prominent legal professional Uditha Egalahewa as chairman
DSI Samson Group, one of the leading business conglomerates and leading manufacturer of footwear and bicycle tyres in Sri Lanka, ceremonially inducted President’s counsel Uditha Egalahewa as the Chairman of the Group on 24th April 2023. He is one of three Independent Non-Executive Directors of the Group and also served as the Chairman of the Group’s Risk Management Committee for the past five years.
Egalahewa is a leading practitioner in Public Law and Commercial Law, with over 32 years of experience at the Bar. He has served as a Senior State Counsel and as a Counsel in both original and appellate courts dealing with various areas of law and is a senior visiting lecturer at several academic and professional organizations. Egalahewa has published over 40 academic publications and made over 30 public presentations on topics relating to law. In addition to his legal practice, Egalahewa currently serves as an Independent Director in several Companies, both listed and unlisted. He holds a Masters in Law (Public Law) (LLM) from the University of Colombo, a second Masters degree (Maritime and Shipping Law) (LLM) from the International Maritime Law Institute of Malta, and a Postgraduate Diploma in Insurance Law from the University of Colombo. He was awarded the Professor Walter Muller Prize for his outstanding performance at the International Maritime Law Institute.
As Chairman, Egalahewa will harness his vast experience and knowledge to lead and guide DSI Samson group, which celebrated its diamond jubilee last year. The Group, which over the years has expanded and diversified into many businesses beyond its core footwear business, is now managed by the 3rd generation family members of founder Chairman, the late D. Samson Rajapaksa. The appointment of Egalahewa is expected to further strengthen the Group’s corporate governance and strategic decision-making and help drive growth and success in the years to come.
Egalahewa expressed his gratitude for the opportunity to lead such a successful and diverse conglomerate while emphasizing his commitment to advancing the Group’s ambitious development plans by working closely with the Board and Stakeholders to achieve continued success. “As the new Chairman of DSI, I am honoured to lead a company with such a rich history and a strong legacy of success. I believe that the key to success is collaboration, and I am excited to work with the talented and experienced team at DSI Samson Group to drive innovation, improve efficiency, and enhance our competitiveness. Together, we will continue to grow the company and create value for all our stakeholders,” he added.
Mr. Kasun Rajapaksa, Managing Director of DSI Samson Group stated that the 3rd generation board members are strong believers of the fact that in order to establish a system aimed at spanning generations, one must be willing to evolve. The Board has now appointed its first ever non-family, non-executive independent director as the Group Chairman for this reason.
“We believe that bringing outside experience and knowledge to Chair the Group along with the other Independent Non-Executive Directors will further enrich and strengthen the Group’s corporate governance. Someone from outside the family will inevitably possess a neutral perspective and will uphold the best interests of the shareholders, employees, customers, and the entire organization. The Chairman’s independence means they are not impacted by internal or external forces, and the Board can leverage that centred approach to reach informed decisions.” he added.
DSI Samson Group is a leading Sri Lankan business conglomerate, with a rich history spanning over 60 years. The company is renowned for manufacturing high-quality footwear and bicycle tyres while diversifying into rubber products, solid tyres, coir products, clay roof tiles, bikes, synthetic leather and many more products. The Group consists of many sectors such as Manufacturing, Engineering, Power Generation, Trading, IT, Shipping and Logistics to name a few.
The Group has a vast global reach, exporting to over 40 countries and enjoying a retail presence in Dubai with its premium flipflop brand – Waves. The Group also represents international brands such as Clarks, Reebok, Puma, Fila, Adidas, Asics and U.S. Polo, in Sri Lanka. The Group currently comprises of 23 subsidiaries that serve local and international markets, with over 200 showrooms and 5,000 dealers across the island. It is one of the largest family-owned groups of companies in Sri Lanka. The group prides itself on being a responsible corporate citizen, undertaking numerous projects that benefit the local community, and demonstrating its commitment to social responsibility. With a dedicated workforce of over 10,000, strong business ethics, and a customer-centric approach, DSI Samson Group is positioned as a leading player in Sri Lanka’s business landscape.
Business
AHK Sri Lanka champions first-ever Sri Lankan delegation at Drupa 2024
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
Business
HNB General Insurance recognized as Best General Bancassurance Provider in Sri Lanka 2024
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”