Transition at Dhammika’s Rocell 'smooth'

The transition at Dhammika Pereracontrolled Royal Ceramics PLC (Rocell) was smooth last week as the relationship between the main shareholder and its former Managing Director Nimal Perera had been more or less been strained almost two years ago, sources close to both parties said.

On the back of stepping down from Chairman / Non Executive Director at Dhammika Perera led firms – Horana Plantations, Vallibel One and his resignation as a director of other Perera controlled firms such as Hayleys PLC, Nimal was replaced at Rocell by Aravinda Perera, a director at Hayleys and formerly CEO at Sampath Bank in which the senior businessman has 15 per cent.

Lauded as the largest earning employee in a firm in the country, Nimal Perera acquired the controlling interest of Tangalle Bay Hotel under his company – N Capital a few years ago and some in his camp say that he may get into hotels. He told the Business Times that he may get into politics.