Hilton Chairman Krishantha Prasad Cooray has been appointed as the Chairman of the Associated Newspapers of Ceylon Limited (ANCL), commonly known as the Lake House.

The new Chairman of the state-run newspaper company is expected to assume duties today.

He replaces Kavan Ratnayaka who was appointed as the Chairman of the Sri Lanka Tourism Development Authority, last week.

Cooray,  a past student of St. Thomas’ College Mount Lavinia, read for a Bachelor of Arts (Honours) in Political Science and Law at the University of Middlesex.

In the corporate sector, he held several executive positions in leading, innovative private sector companies, including the Ceylinco Group, Richard Peiris Group and the Maharaja Organization.

He joined the Richard Peiris Group as the Head of Business Development and went on to found the first completely independent publishing house owned by a public-quoted company. 

He was instrumental in setting up Rivira Media Corporation  Ltd. under the Richard Peiris Group and served there as founding director and Chief Executive Officer.