MAC Holdings appoints Fumio Otani as Chairman | Sunday Observer

MAC Holdings appoints Fumio Otani as Chairman

28 March, 2021

MAC Holdings has appointed Fumio Otani as Chairman of the Board at MAC Holdings (Pvt) Limited. He will take over  from the incumbent Chairman and Managing Director, Andre Fernando who will be relinquishing his chairmanship and taking over as Managing Director of the Group.

Otani is a Japanese national, educated at the Tokyo Metropolitan University with a bachelor’s in mechanical engineering and having followed management programs in respected institutions such as Harvard business School. 

He has held numerous corporate positions during his illustrated career spanning 38 years at Toshiba Corp. (Toshiba Energy Systems & Solutions Corp,Toshiba Americas and Toshiba Asia Pacific). His forte has been company restructuring, digital transformation and special interest into thermal, hydro and renewable energy business systems.

“I’m honoured to be named as Chairman of the Board for MAC Holdings and to support the next chapter in the company’s success,” said Otani.

“MAC Group of companies is already a leader in its varied sectors which they engaged in, but I believe it has the potential to grow much further. I’m looking forward to working with the board and management team to build the business through innovation, product and sector enhancements, special focus on power  and renewable energy, while exploring investment opportunities to the group of companies,” he said.

Managing Director of MAC Holdings Andre Fernando said, “Fumio Otani’s long history of leadership, coupled with his successful track record in leading MNCs makes him an ideal candidate to steer the company as its Chairman. To his credit he was involved in two power projects in Sri Lanka namely Kukule Ganga and Samanala Wewa large scale hydro projects.

“I’m confident that  with his international exposure we are assured that he will bring in multinational culture, Japanese investors and FDI opportunities, strategic expertise in the power and renewable energy sector which will help with the Government›s vision to make the country 70% on renewable energy mix. While congratulating him on his appointment, the company and the board of directors are looking forward to working closely with him to accelerate MAC Holdings next phase of growth,” he said.