Sunshine Holdings announces appointment of Shyam Sathasivam as Group CEO

Friday, 19 January 2024 01:42 –      – 69

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Shyam Sathasivam 


Diversified conglomerate Sunshine Holdings PLC yesterday announced appointment of Shyam Sathasivam as the Group Chief Executive Officer.

Shyam held the position of Managing Director of the subsidiaries Sunshine Healthcare Lanka Ltd., and Sunshine Consumer Lanka Ltd.

Shyam brings over 21 years of corporate experience, demonstrating local business leadership, executive management skills, and extensive expertise in healthcare and consumer sectors. Shyam is a committee member of the Ceylon Chamber of Commerce (CCC) and the former president of the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI).

Shyam started his career at Arthur Andersen, UK, in Corporate Finance, focusing primarily in raising capital for mid-sized companies. He joined SUN in 2005. He is a graduate of the London School of Economics, UK with an MBA from the Kellogg School of Management, Northwestern University, USA and is currently pursuing the Owner/President Management (OPM) program at Harvard Business School, USA.

Commenting on Shyam Sathasivam’s appointment, incumbent Group MD Vish Govindasamy said: “I am thrilled with the appointment of Shyam as the Group Chief Executive Officer. His deep understanding of our business and his strategic vision and leadership qualities perfectly position him to drive Sunshine Holdings to new heights. Shyam’s extensive experience in healthcare and consumer sectors aligns seamlessly with the group’s diversified portfolio, and I believe his appointment will significantly contribute to our continued success and growth. Shyam’s succession was well planned, over the past many years he has certainly demonstrated his ability to lead the group. Shyam will have several professional CEOs representing each vertical supporting him. I wish him all the very best in his new role.”

Since 2009, the group has transformed from a tightly held family-run company into a professionally managed diversified company with its vision of being the “Most Admired Conglomerate in Sri Lanka.”

Sunshine Holdings PLC is a publicly listed conglomerate contributing to ‘nation-building’ by creating value in vital sectors of the Sri Lankan economy – mainly in the healthcare and consumer sectors, with strategic investments in agribusiness.

Established over 56 years ago in 1967, the Group is now home to leading Sri Lankan brands such as Zesta Tea, Watawala Tea, Ran Kahata, Daintee, Milady and Healthguard Pharmacy, with nearly 2,000 employees and revenue of LKR 51 billion. The business units comprise of Sunshine Healthcare Lanka, Sunshine Consumer Lanka, and Watawala Plantations PLC, which are leaders in their respective sectors and most of them certified as a “Great Place to Work” in 2023.

 

Vish appointed Deputy  Chairman at Sunshine Holdings; sheds Group MD role

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