Sunshine Holdings announces the appointment of Shyam Sathasivam as Group CEO

January 18, 2024:Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) at its board meeting held on the 18th of January announced the appointment of Shyam Sathasivam as the Group Chief Executive Officer. Shyam held the position of Managing Director of the subsidiaries Sunshine Healthcare Lanka Limited and Sunshine Consumer Lanka Limited.

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, Vish Govindasamy the incumbent Group MD remarked, “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 so many years, he has certainly demonstrated his ability to lead the group. Shyam will have several professional CEO’s 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 Vison of being the “Most Admired Conglomerate in Sri Lanka. “

About Sunshine Holdings

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.

We believe that the purpose of our existence is to “Bring good things to life” and that means, we will make available to all Sri Lankans, quality medicines and consumer products at affordable prices therefore ensuring a better quality of life for all. Our growth has been defined by our commitment to conduct our business ethically and staying true to our values.