Jayampathi Bandaranayake

Background

Jayampathi Divale Bandaranayake was a Director of Ceylon Tobacco Company PLC (CTC) from 1990 and the Chairman from 2008 to 2013. Born in Matale, Sri Lanka, Bandaranayake was a student of St. Thomas’ College Colombo. He was a graduate of Law from the Open University of Colombo.

Image 1: Bandaranayake exchanging an agreement with a Japanese steel product manufacturer as the Chairman and Director General of the Board of Investment of Sri Lanka

The employment history with the tobacco industry

Bandaranayake joint CTC just after school in 1967 as a management trainee. He thus working for CTC for 45 years including his tenure as the Chairman (2008-2013). He also served as the Personnel Manager, Head of Human Resources and the Human Resources Director. He was serving as the Deputy Managing Director when he retired from the company in 2007 (from 1990) and rejoined as a Non-Executive Director. He was a member of the CTC’s Board of Directors for 22 years (1990 – 2013).

Financial Investments in the Tobacco Industry

Bandaranayake was amongst the ‘Top 20’ shareholders of the CTC from 2007 to 2013 owning a number of shares ranging from 122,944 (0.07%) to 183,344 (0.1%).

Positions in government institutions held simultaneously

Bandaranayake was appointed as the Chairman and Director General of the Board of Investment of Sri Lanka in 2010. He was serving as the Chairman of CTC during that period. He was also a "Presidential Appointee" in the Board of Management of the Strategic Enterprise Management Agency.

Positions held in other (non-government) institutions

Corporate Sector

Bandaranayake served in the boards of the private corporations mentioned below:

• Coca Cola Beverages Lanka Limited
• Sampath Bank PLC
• Finlays Colombo PLC
• Hayleys PLC
• Union Assurance PLC
• Westcoast Power (Pvt) Ltd
• VST Industries Limited, Hyderabad, India
• Rural Returns (Gte) Ltd Sri Lanka
• Hotel Services (Ceylon) PLC
• Central Finance Company PLC - Chairman
• Ceylon Biscuits Limited

Professional or other Associations

Bandaranayake held governing positions in the following associations:

• Chairman – Ceylon Chamber of Commerce

During his tenure, Bandaranayake was criticized for not acknowledging conflicts of interests in an issue related to John Keells Holdings (JKH). Ceylon Chamber of Commerce voted in favour of JKH in a majority of one vote in an allegation on violation of code-of-ethics by JKH. As Bandaranayake was a Director in a JKH associate (Union Assurance PLC), and working with Susantha Ratnayake the Chairman of JKH in the board of Ceylon Tobacco Company PLC (CTC), some members reportedly requested him not to take part in the proceedings, highlighting he has conflicts of interest. Reportedly he refused to heed the request saying he has obtained legal advice on the matter.

• Chairman – Employers’ Federation of Ceylon

Bandaranayake was a member/fellow in the following associations:

• Fellow – Institute of Personnel Management (IPM) Sri Lanka
• Fellow – Institute of Chartered Corporate Secretaries of Sri Lanka
• Fellow – Institute of Certified Professional Managers (CPM)
• Life Member – The Sri Lanka Institute of Directors

He is also an ‘Ambassador’ of Mother Sri Lanka organisation.

Tobacco Unmasked Resources

Other relevant tobaccounmasked entries:

• Ceylon Tobacco Company PLC (CTC)
• Ceylon Tobacco Officials in Government Agencies
• The local language translations