Harry Jayawardena

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Harry Jayawardena
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Born (1942-08-17) 17 August 1942 (age 81)
Ja-Ela, Sri Lanka
Residence Ja-Ela, Sri Lanka
Nationality Sri Lankan
Other names D.H.S. Jayawardena
Occupation Businessman
Years active 1977–present
Known for One of the richest people in Sri Lanka
Net worth Increase US$150 million [1]
Spouse(s) Priya Jayawardena
Children 3
Website stassengroup.com

Don Harold Stassen Jayawardena (born 17 August 1942 in Ja-Ela, Sri Lanka), widely known as Harry Jayawardena, is one of the most prominent and successful Sri Lankan businessmen. He is currently the Chairman of the Distilleries Company of Sri Lanka PLC, Lanka Bell Limited[2] Sri Lanka's only indigenously owned second largest fixed line telecommunications operator, and of the highly diversified Aitken Spence PLC. Jayawardena is also the Honorary Consul General for Denmark in Sri Lanka. He was listed as the richest person in Sri Lanka in 2008. His Founding Company Stassen Exports controls approx $1.4 billion in equity owning one of the leading banks in the country HNB valued at Rs. 84billion approx ($650m), Aitkenspence at Rs. 38billion ($260m) Distilleries Company Rs 82billion approx ($620million) and large amount of private companies. He is currently battling in Colombo Commercial High Court for his dispute with the founding members for controlling Share Ownership which through he owns all investments [3][4]

History

After resigning from public service as the Tea Department Manager of state owned monopoly trading company State Trading Company Consolidated Exports Ltd, better known as Consolexpo, he pioneered the Stassen Exports Limited on 7 September 1977 as a company to export Ceylon Tea. This happened when Sri Lanka ventured to the free market economy with the induction of the then Sri Lankan President Junius Richard Jayewardene.

By 1988, Mr. Jayawardena's companies became a significant shareholder of the country's largest private commercial bank, Hatton National Bank.[5] The companies significantly owned by Harry Jayawardena ventured into many other areas such as food and beverage with the acquisition of majority shares of then state owned Lanka Milk Foods(CWE) Limited in 1991 and later the Distilleries Company of Sri Lanka PLC [1] (DCSL) in 1992 in the then-largest transaction in the Colombo Stock Exchange. In 2007 DCSL under Mr. Jayawardena's Chairmanship became the No. 1 listed company as per the "Business Today" Top 10 rankings.[6]

Business Interests

Currently, Mr. Jayawardena has interests in the following listed companies (in the Colombo Stock Exchange), where he is also acting as the Chairman of the board of directors.[7]


Mr. Jayawardena investments also extend to the following listed companies:


Mr. Jayawardena also has significant investments in the following private companies:[7]


The group of companies, where Mr. Jayawardena has significant investments, operate in:

  • financial sector (commercial and development banking, insurance,fund management and unit trusts),
  • telecommunications sector
  • food and beverage sector (including dairy products, liquor, tea and produce)
  • hospitality & destination management (hotels, tour operations)
  • transportation & logistics
  • power generation and infrastructure

Awards and recognition

Distilleries Company of Sri Lanka PLC and Aitken Spence, both in which Mr. Jayawardena is the chairman, were the first Sri Lankan companies ever to be listed in the Forbes List of best managed companies outside the USA.[8] In 2007 Distilleries Company of Sri Lanka PLC is the sole Sri Lankan company to be listed once again in the Forbes List of Asia's best 200 under a US$ Billion.[9]

World-renowned First Asian Green Globe award winner Heritance Kandalama Hotel[10] and award winning Heritance Tea Factory hotel[11] both located in Sri Lanka are owned by the companies in the group.

Controversy

During a December 2006 alleged attempt to remove the Chairman of the Distilleries Company of Sri Lanka, Jayawardena, then managing director of DCSL, was allegedly quoted as threatening to shoot the chairman.[12] Subsequently Harry Jayawardena assumed duties as the Chairman of DCSL. The same news paper alleged that Mr. Jayawardena threatened a customs officer, many years back.[13]

Harry Jayawardene announced his voluntary resignation from CPC (Ceylon Petroleum Corporation) on 12, January 2012, a post given by Sri Lankan President Mahinda Rajapaksa. As reason for his resignation from CPC he stated due to his personal issues he has announced his resignation.[14]

Honorary positions

Mr. Jayawardena also held several honorary positions including the Senior Adviser for International Trade and Foreign Investments to the then Sri Lankan President Chandrika Kumaratunga.[15] He was a member of Colombo Stock Exchange for many years. He was a member of the Apex Task Force to Rebuild the Nation (TAFREN)[16] established by the President of Sri Lanka after the December 2004 tsunami that affected most parts of Sri Lanka. He was also appointed Chairman of SriLankan Airlines, Sri Lanka's National carrier,[17] becoming Executive chairman in January 2008.[18]

Family

He is married to Priya Jayawardena, Honorary Consul General for Spain in Sri Lanka. The Jayawardenas have three children.

Jayawardena was named by his parents for American statesman Harold Stassen.

References

  1. ↑ http://www.thesundayleader.lk/2011/01/23/the-20-billionaires-of-sri-lanka%E2%80%99s-stock-market/
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ http://www.sundaytimes.lk/080713/FinancialTimes/ft329.html
  4. ↑ http://www.lankanewspapers.com/news/2008/9/32095_image_headline.html
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ http://sundaytimes.lk/091206/News/nws_08.html
  14. ↑ http://www.dailymirror.lk/news/16090-harry-j-to-resign.html
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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