History of Ceylon Tea

Malwatte Valley Plantations Plc has announced that current Non-Executive Chairman Frits Bogtstra has been made Executive Chairman from 1 March.

He was first appointed as Chairman in December 2015.

Bogtstra completed a degree in Electrical and Electronic Engineering at King’s College University of London in 1978. In 1998 he finished a Master’s degree in Business Administration with a focus on Competitive Strategy, International Enterprise and Corporate Financial Strategy. He was active in the field of software development relating to engine test benches for manufacturing quality control and R&D, medical equipment and internal and external ballistics.

He has been working as a manager for a reputed German car manufacturer since 1986, with responsibilities throughout the field of software development and engineering, data centre management, supplier management and outsourcing of IT operations. In the field of Corporate Financial Controlling, he developed controlling systems and processes for the efficient and cost optimised assembly of engines and associated logistics using ‘Just in Time’ and ‘Just in Sequence’ supply methods to minimise cost of capital bound by material in work. He currently manages an international project dealing with the standardisation and rollout of business and IT processes for automobile sales and financial services worldwide.