🕊️ Legacy of Emerging Markets Pioneer Mark Mobius (1936–2026)
The investment world mourns the passing of Mark Mobius at age 89, a legendary figure who transformed global perspectives on frontier economies like Sri Lanka. • Impact on Emerging Markets: Known as the "Father of Emerging Markets," Mobius spent over 30 years at Franklin Templeton, where he pioneered one of the world's first funds dedicated to developing economies. • Connection to Sri Lanka: He was instrumental in directing global capital toward the Colombo Stock Exchange (CSE) and other frontier markets during periods when they were largely overlooked by institutional investors. • Investment Philosophy: Championed a "boots-on-the-ground" approach, traveling extensively to identify undervalued opportunities in Asia and Africa, helping to reframe the perceived risk-reward ratio for international portfolios. • Final Chapter: After leaving Franklin Templeton in 2018, he co-founded Mobius Capital Partners, maintaining a lifelong commitment to promoting growth in the world’s most dynamic economies. 📈 His death marks the end of an era for the global investment management and financial services sectors, leaving a legacy that remains deeply embedded in the growth story of frontier markets.
New Commissioner General Appointed for Registration of Persons 📜
• Executive Appointment: The Cabinet has approved the appointment of H.M.J.M. Herath, a Special Grade Officer of the Sri Lanka Administrative Service (SLAS), as the permanent Commissioner General of the Department of Registration of Persons. • Current Role: Herath transitions from his current position as the District Secretary and Government Agent of the Kegalle District. • Strategic Focus: A primary objective of this permanent appointment is to expedite the issuance of the Sri Lanka Digital Identity Card, a critical component of the national ICT and digital economy framework. • Administrative Context: The move aims to stabilize day-to-day operations, replacing the temporary acting arrangement held by an Additional Secretary. The proposal was submitted by President Anura Kumara Dissanayake in his capacity as Digital Economy Minister. 📈
Shiran Fernando Appointed CEO of Ceylon Chamber of Commerce 📈
The Ceylon Chamber of Commerce (CCC) has announced a leadership transition, appointing Shiran Fernando as Secretary General and CEO, effective 8 May 2026. He succeeds Buwanekabahu Perera following a three-year tenure focused on institutional strengthening. Key Appointments & Continuity: • Shiran Fernando (CEO-designate): Currently Chief Economic Policy Adviser and former Chief Economist. His appointment signals a focus on the policy and research agenda, ensuring continuity in economic diplomacy and national reform. • Buwanekabahu Perera (Outgoing CEO): Concludes a term marked by enhanced international engagement, including chairing the Indian Ocean Rim Association Business Forum (IORBF). • Alikie Perera (Deputy SG/COO): Remains in her role to provide operational stability and financial discipline, leveraging over three decades of institutional memory. Strategic Context: • The transition emphasizes governance and succession planning to maintain the Chamber’s role in shaping Sri Lanka's private-sector growth. • Ongoing focus remains on flagship platforms like the Sri Lanka Economic and Investment Summit (SLEIS) and the Best Corporate Citizens Awards. The CCC aims to leverage this "continuity with purpose" to support the evolving needs of the banking and financial sector and the broader national economy.
Colombo Dockyard PLC Announces Strategic Board Appointments Following MDL Acquisition 📈
• Leadership Transition: Capt. (Retd.) Jagmohan has been appointed as the Non-Executive Chairman. He currently serves as Chairman and Managing Director of Mazagon Dock Shipbuilders Ltd (MDL), which now holds a 51% majority stake in the company. • Executive Continuity: Thimira S. Godakumbura has been nominated as an MDL Director and will continue his role as Managing Director and CEO. • Strategic Board Additions: • Vish Govindasamy joins as an MDL Nominee Director. He brings extensive multi-sectoral expertise from Sunshine Holdings and the Central Bank of Sri Lanka. • Senthilverl Nandhanan joins as a Nominee Director for Senthilverl Holdings Ltd, adding over 20 years of experience in financial services, energy, and FMCG. • Economic Context: These appointments follow the acquisition of a majority stake by India’s MDL, signaling a push for enhanced governance and operational excellence within Sri Lanka's shipbuilding and marine engineering sector. The move integrates regional expertise to drive sustained growth and strategic diversification.
Dr. Sulakshana Jayawardena Appointed Acting Chairman of BOI Sri Lanka 📈
The Board of Investment (BOI) has announced the appointment of Dr. Sulakshana Jayawardena as its acting Chairman, bringing over 23 years of experience from the Sri Lankan Administrative Service (SLAS) to the nation's primary investment promotion agency. • Leadership & Background: A veteran administrator with a PhD and a Master’s in Business Studies. He is recognized for his extensive tenure in the power and energy sector, focusing on renewable energy and strategic policy frameworks. • Strategic Focus: His appointment aims to modernize BOI processes and attract high-quality Foreign Direct Investment (FDI). Key objectives include fostering a digitally enabled, sustainable, and Industry 4.0 friendly business ecosystem. • Economic Context: Dr. Jayawardena's expertise in large-scale project management and infrastructure development is expected to enhance stakeholder engagement and streamline the investment climate for growth sectors. • Key Expertise: Beyond energy, his track record includes significant work in infrastructure development, human resources, and public administration. This transition occurs as the BOI seeks to strengthen Sri Lanka’s global competitiveness through sustainable and technology-driven investment strategies.
📈 The Leadership Shift: Why IQ Alone Fails the C-Suite
A veteran corporate leader with 54 years of experience argues that technical brilliance is merely a management tool, while true leadership is an art of interpersonal influence. As professionals ascend, roles must shift from functional experts to culture architects. • The Leadership Differentiator Technical competencies are viewed as "load-bearing pillars," but the true competitive advantage lies in navigating human motivation. Organizations often mistakenly prioritize "calculators over conductors" when hiring for CEO and executive roles. • 5 Pillars of Effective Leadership • Integrity: The non-negotiable alignment of values and actions; acts as a "velocity" booster for organizational trust. • Transparency: Reduces office politics by providing the "why" behind difficult decisions. • Authenticity: Replacing the "robotic executive" mask with human vulnerability to foster innovation. • Empathy: A strategic tool used to anticipate market needs and understand the "human architecture" of a team. • Humility: Prevents corporate stagnation by transforming a leader from a bottleneck into a learning gateway. • Key Takeaways for Sri Lankan Corporates • Soft Skills are structural necessities, not optional ornaments. • High EQ prevents toxic attrition and cultural erosion during crises. • Leadership is defined by the ability to act as a "force multiplier" rather than a solo performer. _Source: Insights from leadership coach Ronnie Peiris (provisional data based on 50+ years of C-suite experience)._
New Executive Leadership at LOLC Plantation Boards 📈
• Key Appointments: Niveyn Nanayakkara has been appointed as Executive Director to the boards of three LOLC Group entities: Udapussellawa Plantations PLC, Hapugastenne Plantations PLC, and Tea Smallholders Factories PLC. • Strategic Focus: Nanayakkara is tasked with advancing digital transformation and operational efficiency within the plantation sector. He advocates for a "human-in-the-loop" approach to Artificial Intelligence, aimed at balancing automation with human oversight to manage risk. • Sector Integration: These appointments strengthen his existing directorial mandate across the LOLC portfolio, which includes energy, mobility, hospitality, and plantations (e.g., Maturata and Pussellawa Plantations). • Professional Background: A University of Melbourne alumnus (Accounting and Finance), he has undergone specialized corporate leadership and technology training at Stanford and UC Berkeley, signaling a push toward global innovation standards in Sri Lanka’s agri-business landscape.
Pradeep de Almeida Appointed to HNB Board 📈
• The Appointment: Hatton National Bank PLC (HNB) has appointed Pradeep de Almeida as an Independent Non-Executive Director, effective April 2026. • Professional Profile: A Chartered Engineer with nearly 30 years of experience, de Almeida is a specialist in telecommunications, digital transformation, and ICT infrastructure. • Key Experience: Served 27 years at Dialog Axiata PLC, including 14 years as Group Chief Technology Officer. Led the deployment of 5G, LTE, and FTTH technologies in Sri Lanka. Currently serves as Director of Engineering Technology Operations at EDOTCO Group, overseeing strategy across seven countries. • Strategic Impact: His expertise in digitalization, AI, and security is expected to strengthen HNB’s technology strategy and governance frameworks as the banking sector increasingly prioritizes digital transformation. • Governance: Brings extensive board experience from entities including SLINTEC and Digital Reality Lanka, with an academic background from the University of Moratuwa and INSEAD.
Prasad Gopalan Appointed to Sunshine Holdings Board 📈
Diversified conglomerate Sunshine Holdings PLC has appointed international finance veteran Prasad Gopalan as an Independent Non-Executive Director, strengthening its leadership with deep global expertise. • Expertise & Experience: Gopalan brings over 25 years of experience from the International Finance Corporation (IFC), a member of the World Bank Group. He previously managed a global agribusiness and forestry portfolio valued at US$ 4.5 Bn. • Sector Focus: His background spans agribusiness, manufacturing, healthcare, and financial institutions. This aligns with Sunshine Holdings' core interests in healthcare and consumer goods, potentially driving strategic growth and diversification. • Strategic Role: Prior to this appointment, he served on the board of Sunshine Healthcare Lanka Limited. His elevation to the group board leverages his history of managing annual investment programs of US$ 1.5–2 Bn. • Academic Credentials: Holds a Master of Public Policy from Harvard University and advanced engineering degrees from Pennsylvania State University and BITS Pilani.
Stasshani Jayawardena Appointed to Elpitiya Plantations Board 📈
Elpitiya Plantations PLC has announced the appointment of Stasshani Jayawardena as a Non-Executive Director, further strengthening its leadership team with a veteran of the Aitken Spence Group. • Key Leadership Milestones: Jayawardena currently serves as the Executive Chairperson of Aitken Spence PLC (appointed Feb 2025), making history as the first female Chairperson in the Group's 157-year tenure. She also holds key roles as Chairperson of Aitken Spence Hotel Managements and Deputy Chairperson of Lanka Milk Foods (CWE) PLC. • Strategic Influence: With over a decade of experience, she holds board seats at Melstacorp PLC, Distilleries Company of Sri Lanka PLC, and the Stassen Group. Her expertise spans across the tourism, hospitality, and fmcg sectors, contributing to national economic diversification and corporate governance. • Institutional Representation: She is currently Vice Chairman of the Ceylon Chamber of Commerce (Tourism Sector) and a board member of the Colombo International Arbitration Centre. Her background includes international exposure, having interned for former US President Bill Clinton and serving as a member of the PwC NextGen Advisory Council. • Accolades: Recognized as a "Trailblazing Corporate Leader" (2025) and LMD’s "Emerging Businessperson of the Year" (2025), her appointment is expected to bring fresh strategic perspectives to the plantation sector.
📈 ACL Cables PLC Appoints Kusal Jayawardana as Group CEO
Effective 1 April 2026, ACL Cables PLC has officially appointed Kusal Jayawardana as Director/Group Chief Executive Officer, strengthening its leadership in the manufacturing and industrial sectors. • Executive Profile: Jayawardana brings nearly 30 years of experience, including 17 years at the Board and C-suite levels. He transitioned to this role following his tenure as Deputy Managing Director of Alliance Finance Co PLC. • Sector Expertise: His extensive background spans investment banking, energy, ICT, and financial services. He has previously held chairmanships at Lanka Ventures PLC and LVL Energy Fund PLC, and served as CEO of NDB Capital Ltd (Bangladesh). • Strategic Impact: Known for pioneering capital market products, including Sri Lanka’s first private equity fund (Emerald Sri Lanka Fund). Expertise in securitization and derivatives is expected to drive innovation within ACL’s diversified operations. Professional qualifications include CFA, CIMA (UK), and CGMA (USA) credentials. • Economic Context: The appointment aligns with ACL Cables’ strategy to enhance corporate governance and market leadership, contributing to Sri Lanka’s broader industrial and economic progress through sustainable growth and innovation.
📈 Ceylon Beverage Group Announces Key Board Appointments
Ceylon Beverage Holdings PLC and Lion Brewery (Ceylon) PLC have announced strategic changes to their leadership teams to strengthen corporate governance and strategic oversight. • New Appointments Mahen De Saram: Appointed as an Independent Non-Executive Director for both Ceylon Beverage Holdings and Lion Brewery. Ranil Goonetilleke: Appointed as a Non-Executive Director to the Ceylon Beverages Board. • Professional Backgrounds Mahen De Saram: Brings over 30 years of global experience, including senior roles at British American Tobacco (BAT) across Vietnam, Australia, and PNG. He currently serves as Group Finance Director at CBL Group and is a Board member at Central Finance Company PLC. Ranil Goonetilleke: A veteran in the beverages sector, he previously served as Director Finance at Lion Brewery for nearly two decades. He holds current directorships at Namunukula Plantations PLC, Ceylinco Holdings, and the National Savings Bank. • Strategic Context These appointments bring extensive expertise in finance, risk management, and manufacturing to the group. The move aligns with the companies' focus on robust governance and operational transformation within Sri Lanka’s consumer goods and industrial sectors.
Leadership Transition at SriLankan Airlines ✈️
• National Carrier Chairman Sarath Ganegoda and Director Rohan Goonetilleke have resigned from the Boards of both SriLankan Airlines and SriLankan Catering, effective 31 March 2026. • Dimal Arandara, a former Chairman of Sri Lanka Telecom, has been appointed as Acting Chairman by the Treasury to ensure operational continuity during the transition. • The resignations come at a critical time as the aviation sector faces significant global and operational pressures; however, no official reasons for the departures were disclosed. • The reconstituted Board now includes Acting Chairman Arandara, Flt./Lt. (Retd.) Sugath Rajapakse, Vipula Gunatilleka, Dr. Harsha Cabral, PC, Dumith Fernando, and Senarath Liyanage. • This change in oversight for the state-owned enterprise (SOE) occurs as the government continues to manage the airline's strategic direction and fiscal stability.
📈 CIMA President John Graham to Visit Sri Lanka in April
CIMA President and Association Co-Chair John Graham will visit Sri Lanka from April 5–9, 2026, to engage with the local finance and business sectors. The visit aims to strengthen the development of the management accounting profession and support Sri Lanka’s economic transition from recovery to resilience. • Key Engagements: Chief Guest at the CGMA Convocation for newly qualified professionals. Keynote speaker at the CXO Forum themed "From Recovery to Resilience – The World Is Being Reordered." Host of the annual CIMA President’s Reception for business leaders and stakeholders. • Strategic Focus: Talent Development: Meetings with corporate partners to address workforce readiness and future skills in the ICT/BPM and finance sectors. Global Vision: Implementation of the "Finance and Accounting 2040" project to modernize the profession. Institutional Growth: Focus on nurturing new talent to support national economic diversification and professional standards. • Profile: John Graham, elected as the 92nd CIMA President in June 2025, brings extensive experience as a CFO and Director of Finance within the UK's National Health Service (NHS). His visit reinforces Sri Lanka’s position as a key hub for qualified finance professionals globally.
Asia Siyaka Commodities Appoints Chamara Dissanayake as CEO 📈
Asia Siyaka Commodities PLC has announced key leadership changes effective 1 April 2026, strengthening its management team within the critical tea and commodities sector. • New Leadership Appointments: Chamara Dissanayake: Appointed as CEO. Currently serving as Group COO, he brings extensive expertise in supply chain management and holds a Master’s from Birmingham City University. He also serves as a consultant to the Asian Development Bank for the tea sector value chain. Shashike Silva: Appointed as Executive Director. A veteran with over 20 years in tea broking and marketing, formerly a Director at Forbes and Walker. Kirk Wijesekera: Appointed as Executive Director. With 26 years of experience, he is a specialist in High and Medium Grown tea marketing and an established tea taster. • Strategic Context: The appointments draw from deep institutional expertise, with all three directors holding significant roles within the Colombo Tea Traders’ Association and Colombo Brokers’ Association. This leadership transition aims to bolster Asia Siyaka’s position in the plantation and commodities trading landscape, ensuring continuity in client advisory and market development. • Sector Impact: The move reinforces the professionalization of the tea value chain, a vital component of Sri Lanka’s export economy and a major source of foreign exchange and employment.
Suren Rajakarier Appointed Managing Partner of KPMG Sri Lanka & Maldives 📈
• Leadership Change: Suren Rajakarier assumes duties as Managing Partner effective 1 April 2026, succeeding Priyanka Jayathilake, who led the firm since April 2023. • Experience & Background: Rajakarier brings over 38 years of experience in audit and assurance. He previously served as Chief Operating Officer (COO) and led the firm’s audit practice for nearly two decades. • Strategic Impact: Recognized as an accredited IFRS partner, he has managed landmark transactions in the telecom, energy, and insurance sectors, including the privatization of the Queen Elizabeth Container Terminal. • Public Sector & Governance: Served as audit partner for major state-owned enterprises (SOEs) including Bank of Ceylon, CEB, and SriLankan Airlines, focusing on strengthening national financial reporting and governance structures. • Professional Contributions: Currently chairs the Statutory Auditing Standards Committee, playing a key role in formulating national accounting and auditing standards under Act No. 15 of 1995. • Outgoing Leadership: Priyanka Jayathilake is credited with expanding KPMG’s ICT/BPM and advisory capabilities, overseeing a team of 600+ professionals in technology and risk consulting.
Senkadagala Finance Appoints N. Vasantha Kumar as Chairman 📈
Senkadagala Finance PLC has announced key leadership changes effective 1 April 2026, strengthening its board with extensive expertise in banking, digital transformation, and real estate. • New Leadership N. Vasantha Kumar appointed as Chairman. An Independent Non-Executive Director with 37+ years in financial markets and treasury. He is the former CEO/GM of People’s Bank and currently holds board seats at DFCC Bank and Ceylinco Holdings. • Board Additions Priyanka Jayatilake (Independent Non-Executive Director): A veteran with 40 years of experience in consulting and audit. Formerly the Managing Partner of KPMG Sri Lanka, he brings specialized knowledge in ICT/BPM, cybersecurity, and digital risk. Sonal Balasuriya (Non-Independent Non-Executive Director): A Chartered Architect with a background in real estate finance and asset optimization. He also serves on the board of Senfin Asset Management. • Strategic Impact The appointments signal a focus on robust governance and digital transformation within the non-banking financial institution (NBFI) sector, leveraging Kumar's deep banking roots and Jayatilake's expertise in technology integration.
### Shenelle Rodrigo Named Sri Lanka’s First Lonely Planet Destination Correspondent 🇱🇰
Key Milestone: Global travel authority Lonely Planet has appointed Shenelle Rodrigo as the country's first-ever Destination Correspondent, marking a significant shift toward locally-driven storytelling in the tourism sector. Economic Impact: Through the "Sheneller" platform, Rodrigo and partner Shehaan Thahir have reached over 3 million international viewers. Their real-time reporting during crises (COVID-19, 2022 economic crisis, and recent cyclones) is credited with safeguarding approximately US$ 800,000 in tourism revenue by maintaining traveler confidence. Industry Integration: • Earlier in 2026, Sheneller became the first creator-led series featured on Sri Lankan Airlines in-flight entertainment. • The appointment signals the growing maturity of the local creator economy and its role in countering misinformation. Future Ventures: • Sheneller Ventures: Focuses on curated, experience-driven tours to diversify the travel & hospitality offering. • Holivate: A new platform launching to link hotels with creators through performance-based booking conversions, aiming to digitize tourism marketing. 📈
### JITRCS Appoints Sashiprabha Dharmadasa as CEO to Drive Global Tech Expansion 📈
Just In Time Resourcing & Consultancy Services (JITRCS) has announced the appointment of Sashiprabha Dharmadasa as Chief Executive Officer, effective February 2026, to lead the firm’s next phase of international growth and digital transformation. • Strategic Focus: The leadership transition aims to accelerate ICT/BPM resource augmentation, business consultancy, and emerging technology capability development. The firm is pivoting toward a "Strategy-to-Execution" model to help clients navigate digital scaling and compliance with the Personal Data Protection Act (PDPA). • Leadership Profile: Sashiprabha brings over 20 years of experience in Banking and Finance, risk resilience, and governance. Her background includes: • Former CISO at BoardPAC and Director of Client/Technical Delivery. • Lead Auditor for ISO 27001:2022. • Contributions to national policy development with the Ceylon Chamber of Commerce and World Bank-funded cyber readiness assessments. • Sector & Market Reach: JITRCS provides specialized technology talent to diverse sectors including FinTech, Apparel, Aerospace, and FMCG. • Global Footprint: The company currently exports Sri Lankan technical expertise to markets including the USA, UK, Canada, Australia, New Zealand, Malaysia, and Oman. • National Context: The appointment underscores the continued maturity of Sri Lanka's ICT/BPM sector as a critical driver of GDP growth through high-value service exports and global delivery models.
Sarrah Sammoon Appointed IMC Field Officer for Sri Lanka 📈
The Investment Migration Council (IMC), based in Switzerland, has appointed Sarrah Sammoon as the Field Officer for Sri Lanka, marking a strategic step in aligning the nation with global investment migration standards. • Strategic Alignment: The role focuses on bridging the gap between local implementation and international benchmarks for compliance, due diligence, and investor protection. • Policy Context: The appointment comes as Sri Lanka evaluates reforms to its immigration and investor visa frameworks, aiming to streamline long-term residency pathways. • Expertise: Sammoon, the CEO of Magellan Champlain with over 30 years in global mobility, was the first Sri Lankan to receive the Certification in Investment Migration in August 2025. • Economic Impact: By adopting IMC’s ethical and transparent frameworks, Sri Lanka aims to improve institutional credibility and compete more effectively for mobile capital and global talent. This institutional role is expected to provide a direct interface with global standard-setters, ensuring that Sri Lanka’s residency-by-investment programs are credible and globally benchmarked.
📈 LAUGFS Gas PLC Announces Key Board Appointments
LAUGFS Gas PLC has officially appointed three new Non-Independent Directors to its Board, signaling a strategic focus on leadership transformation and operational growth within Sri Lanka’s energy sector. • New Board Appointees: Dhanusha Muthukumarana (also appointed to LAUGFS Power PLC) Dr. Niroshan J. Pieries Eng. Nalinda Kurukulasooriya • Strategic Expertise: The new directors bring over 20-25 years of experience each across critical sectors including banking & finance, ICT/BPM, logistics, and manufacturing. This diversification of expertise is aimed at driving innovation-led growth and performance optimization for the Group. • Key Highlights: Technology & Innovation: Dhanusha Muthukumarana, a member of the Forbes Technology Council, brings global experience in intelligent automation and digital transformation, essential for modernizing utility operations. Regional Expansion: Dr. Pieries previously led the expansion of LAUGFS Lubricants into Bangladesh and the Maldives, highlighting the Group’s focus on international market presence. Crisis Management: Eng. Kurukulasooriya is credited with stabilizing LPG operations during Sri Lanka’s recent economic crisis, ensuring supply continuity and improved financial performance. • Economic Context: These appointments come as LAUGFS Gas seeks to strengthen its market position and enhance stakeholder value amidst a recovering economy, leveraging high-level expertise in engineering and strategic management.
Prof. Dewasiri Jayantha Appointed to PMF Finance Board 📈
PMF Finance PLC has officially appointed its CEO, Prof. Dewasiri Jayantha, to the Board as an Executive Director, effective March 2026. This move integrates high-level academic expertise with corporate governance within the finance sector. • Key Appointment Details Prof. Jayantha was appointed CEO on 3 March 2026. His elevation to the Board marks a strategic blend of his 17 years of senior industry experience and scholarly leadership. • Professional Profile • Academic Standing: Full Professor of Finance (on merit) at Sabaragamuwa University and PhD holder from the University of Colombo. • Industry Leadership: Honorary President of the Sri Lanka Institute of Marketing (SLIM) and the first South Asian Brand Ambassador for Emerald Publishing, UK. • Certifications: Accredited Fellow Chartered Manager (FCMI CMgr) and Fellow Member of the Chartered Institute of Marketing (UK). • Economic Impact The appointment underscores a trend of increasing "practitioner-academic" roles in Sri Lanka’s banking and financial services industry, potentially strengthening methodological rigor and research-driven growth within the firm. _Source: PMF Finance Corporate Announcement (Provisional)_
📈 Standard Chartered Sri Lanka Appoints Vindya Hettige as Head of Legal
Standard Chartered has announced the appointment of Vindya Hettige as Head of Legal and Head of Legal Client Coverage, effective 20 March 2026. • Role & Governance: Hettige joins the Country Management Team to provide strategic legal advice, manage legal risk, and ensure compliance with regulatory and ethical standards across the bank's banking & finance operations in Sri Lanka. • Professional Background: An Attorney-at-Law with over 18 years of experience, she joined Standard Chartered in 2014. Her career includes a significant tenure in the banking & finance team at Nithya Partners. • Academic Credentials: She holds a Master of Laws (LLM) in Banking and Finance from the University of London and a Bachelor of Laws (LLB) from the University of Colombo. • Strategic Impact: CEO Bingumal Thewarathanthri noted the appointment reflects the bank’s commitment to internal talent development and building a robust leadership pipeline within the financial services sector to drive sustainable growth.
### Legacy Profile: Anthony A. Page and the Evolution of CT Holdings 📈
A tribute to the late Anthony A. Page (affectionately known as "Baba") highlights his foundational role in shaping some of Sri Lanka’s most prominent listed entities. • Corporate Leadership: Page was a visionary architect behind the modern structures of CT Holdings, Cargills (Ceylon) PLC, and CT Land. He served as the Chairman of CT Holdings and held key directorships within the Lanka Ceramics Group. • Industry Impact: • Cinema & Media: Joined Ceylon Theatres in 1971, becoming a "fierce advocate" for the liberalization of the Sri Lankan film industry. • Financial Services: Acted as the primary guide and architect in the formation of CT Smith in 1992, significantly influencing the local capital markets. • Operational Excellence: Credited with transforming traditional management into professionalized systems and structures that remain the "backbone" of the CT Holdings Group today. • Mentorship & Diversification: Beyond corporate strategy, his legacy is noted for mentoring future business leaders and maintaining a commitment to the "greater good" of the community through diverse business interests spanning retail, real estate, and manufacturing. _Note: Summary based on commemorative data published March 2026._ ---
Rohana Bandara Weerakoon Assumes Duties as Acting GM/CEO of NSB 📈
The National Savings Bank (NSB) has officially appointed veteran banker Rohana Bandara Weerakoon as its Acting General Manager and Chief Executive Officer. • Executive Profile: Weerakoon brings over 28 years of experience in the Banking and Financial Sector. He previously served as the Deputy General Manager (HRD) and has been with NSB since 1998. • Expertise & Background: His extensive career spans treasury operations, primary dealer functions, branch operations, and human resource development. He holds a B.Com from the University of Kelaniya and an MBA from PIM (University of Sri Jayewardenepura). • Strategic Context: Chairman Dr. Harsha Cabral highlighted the appointment as critical for navigating the bank through current "troubled waters" and global economic challenges. The transition aims to ensure the long-term growth and stability of the state-owned savings giant. • Institutional Leadership: Weerakoon is a Fellow Member of the Association of Professional Bankers (APB) and previously served as President of the Executive Officers’ Association, indicating strong internal support during this leadership transition.
### Atarah Capital Appoints Former CBSL Deputy Governor to Board 📈
Atarah Capital, a licensed corporate finance advisory firm, has appointed retired Central Bank of Sri Lanka (CBSL) Deputy Governor Janaka Karunaratne as a Non-Executive Independent Director. This marks his first private sector role following a 34-year career at the CBSL. • Key Profile Highlights: Karunaratne previously oversaw the Financial System Stability cluster at the CBSL. His expertise spans the regulation of banking and non-bank financial institutions, public debt, and currency management. He has also served as Chairman of the Credit Information Bureau of Sri Lanka (CRIB) and the Institute of Bankers. • Strategic Impact: His appointment is expected to bolster Atarah’s strategic planning and operational performance. The firm is a key player in the capital markets, having listed six companies on the Colombo Stock Exchange (CSE) since 2021, including the first women-owned enterprise from the Northern Province (Maharaja Foods PLC). • Service Portfolio: Atarah Capital specializes in IPOs, mergers & acquisitions (M&A), private equity structuring, and business valuations. The firm has recently managed three listed company takeovers and multiple private placements.
## SLFFA Announces New Leadership Transition to Drive Logistics Growth 🚢
The Sri Lanka Logistics and Freight Forwarders Association (SLFFA) has announced a strategic leadership transition effective March 6, 2026, to navigate evolving global supply chains and bolster Sri Lanka’s position as a regional hub. • New Appointments: Chairman: Andre Fernando (formerly Vice Chairman), bringing over 30 years of industry experience. Vice Chairman: Shavindra Dias (formerly Treasurer). Treasurer: Priyan Seilman (formerly Executive Committee Member). • Strategic Context: The transition follows the departure of Channa Gunawardena, credited with reinforcing the association's role in the trade and logistics ecosystem. The new team takes office as the sector faces rapid digitalization and geopolitical shifts. • Key Industry Priorities: Modernization: Focus on digital transformation of logistics processes and trade facilitation. Competitiveness: Enhancing Colombo’s status as a logistics hub along the East-West maritime route. Collaboration: Strengthening policy engagement between the private sector and government stakeholders to support exporters and importers. The move signals a commitment to institutional continuity and professional representation for the freight forwarding and supply chain community. _Source: SLFFA Official Announcement (March 16, 2026)_
UTASL Appoints New Board Amid Significant Sector Growth 📈
The Unit Trust Association of Sri Lanka (UTASL) has announced its new Board of Directors for 2026–2027, with Jeevan Sukumaran (SENFIN Asset Management) appointed as President. The leadership transition occurs during a period of robust expansion for the Unit Trust industry. • Key Performance Indicators: Investor base has more than doubled over the last five years. Assets Under Management (AUM) have seen substantial growth, reflecting a shift from traditional savings to investment-aware behavior. • New Leadership Team: President: Jeevan Sukumaran (SENFIN Asset Management) Vice President: Kavin Karunamoorthy (First Capital Wealth Management) Secretary: Asanka Herath (Lynear Wealth Management) Treasurer: Wishan Perera (Softlogic Invest) • Strategic Priorities: Retail Participation: Focus on broadening the investor base beyond urban centers through financial literacy and education. Product Innovation: Plans to introduce Index funds, Exchange-traded funds (ETFs), and Shariah-compliant funds to diversify the market. Digital Transformation: Enhancing digital platforms to improve accessibility and transparency for capital market participants. Taxation & Regulation: Prioritizing clarity on tax treatment for unit holders and maintaining high governance standards under SEC oversight. The board aims to transition Sri Lanka toward an investment-aware society, ensuring growth is inclusive and aligned with national financial development objectives. Based on UTASL announcement dated March 13, 2026.
Agility Innovation Names Vasabha Bulathsinhala as Group CEO 📈
Agility Innovation Group has announced the appointment of Vasabha Bulathsinhala as its new Group Chief Executive Officer, completing a planned leadership transition to drive the conglomerate's next growth phase. • Leadership Transition: Bulathsinhala, who joined as COO in January 2025 after two decades with a global Fortune 500 telco, succeeds the previous leadership under Group Chairman Ajit Gunewardene. • Sector Impact: The Group is a major player in Sri Lanka’s ICT/BPM and digitisation landscape, boasting a 30-year legacy and a workforce of over 600 professionals. • Strategic Portfolio: The move strengthens the Group's focus on high-growth areas including: Cybersecurity & Cloud: Led by pioneers KBSL and N-able. Software & Blockchain: Driven by Just In Time (JIT) and Coding Legends. Telecom & Connectivity: Managed via Lankacom, the first private operator in the country. AI & Analytics: Integrated across EBI and GIS Solutions. • Economic Context: The transition aligns with the national "Digital Sri Lanka" initiative, positioning the Group to lead in digital transformation, financial inclusion, and tech-driven economic reforms. • Operational Focus: Under the "One Agility" concept, the new CEO aims to unify diverse capabilities in data analytics and software development to provide end-to-end solutions for both local and global markets.
New Leadership for COYLE: Suren Chandraratna Appointed Chairman 📈
The Chamber of Lankan Entrepreneurs (COYLE) held its high-profile Annual General Meeting on March 10, 2026, attended by President Anura Kumara Dissanayake and key diplomatic and private sector figures. • New Leadership Team: Suren Chandraratna – Chairman (Founder of Sirocco) Dan de Silva – Senior Vice Chairman Mihiru Perera – Vice Chairman • Key Highlights & Vision: Theme: ‘Bridging Generations, Building Futures,’ focusing on mentoring the next generation of Sri Lankan entrepreneurs. Sector Focus: Chandraratna brings expertise from advanced air management, logistical infrastructure, and international spice trading. National Impact: The chamber aims to support national economic recovery, government initiatives in trade, and global investment. • Strategic Goals: Strengthening international ties with global trade bodies and diplomatic missions. Fostering a globally competitive ecosystem for home-grown SMEs and large enterprises. Leveraging COYLE’s network to advocate for policies that enable innovation and sustainable business growth.
### 👔 Teejay Lanka Appoints Teruo Funahashi as Non-Executive Director
Teejay Lanka PLC has officially appointed Teruo Funahashi to its Board as a Non-Executive Director, effective March 2026. Funahashi brings over 40 years of global expertise in the textile and synthetic fiber industries. • Professional Background: A graduate of Seijo University, Funahashi has held extensive leadership roles within Toray Industries, Inc. (Japan), a major stakeholder in the global apparel & textiles supply chain. • Key Experience: Global Operations: Served in senior management roles across Japan, Indonesia, China, and Hong Kong, specializing in industrial materials and fiber divisions. Current Leadership: Recently served as Managing Director of Toray Industries (H.K.) Ltd. and Deputy Managing Director of Toray Industries (China) Co., Ltd. • Future Role: Effective 1 April 2026, Funahashi will transition to Pacific Textiles as Executive Director, Chairman of the Board, and CEO. • Strategic Impact: His appointment strengthens Teejay Lanka’s board with deep technical knowledge of synthetic fibers and regional market dynamics, critical for the company's continued growth in the apparel export sector. 📈
### Ruwan Rajapakse Appointed as MD/Executive Director of Hayleys Fibre 📈
Hayleys Fibre PLC has officially announced the appointment of Ruwan Rajapakse as its new Managing Director and Executive Director, effective from 1 April 2026. • Professional Profile: Rajapakse brings over 30 years of professional experience, including more than 20 years of international exposure in global manufacturing, agriculture, and international trade. • Key Leadership Experience: • Previously served as Global Chief Production Officer for the Jiffy Group (Netherlands), overseeing operations across Europe, North America, and Asia. • Former Director/CEO of Hayleys Agri Horticulture Sector. • Held senior leadership roles at Hayleys Advantis and Maersk Line, specializing in logistics and global trade strategy. • Academic & Technical Background: • Holds an MBA (University of Colombo) and a BSc (University of Kelaniya). • Certified Management Accountant (CMA – Australia) and Lean Six Sigma Black Belt qualified. This strategic leadership transition leverages Rajapakse’s extensive expertise in supply chain management and export-related organizations to drive the company’s global market development.
📈 Renuka Weerakone Appointed as BOI Director General
• Leadership Transition: Renuka Weerakone has been officially appointed as the Director General of the Board of Investment (BOI) of Sri Lanka, the country’s primary agency for attracting foreign direct investment (FDI). • Extensive Experience: Weerakone brings over 30 years of institutional experience to the role. She previously served as the Senior Executive Director and has held the Director General position in an acting capacity for the past four years. • Strategic Context: Her permanent appointment provides leadership stability to the investment promotion sector, which is vital for Sri Lanka’s economic recovery and industrial growth. • Current Vacancy: While the Director General position is now filled, the post of BOI Chairman remains vacant. The government has yet to appoint a successor nearly six weeks after the position was vacated.
Pay&Go CEO Vardan Aslibekyan Joins Fintech Forum Board 📈
• Leadership & Governance: Vardan Aslibekyan, CEO of Pay&Go, has been appointed to the Board of Directors of the Fintech Forum Sri Lanka. The appointment was made by Chairman Channa de Silva in recognition of Aslibekyan’s impact on the local digital payments landscape. • Sector Impact: The Fintech Forum acts as a key intermediary between the Central Bank of Sri Lanka, government bodies, and private stakeholders to drive innovation and policy growth in the financial technology sector. • Pay&Go Performance: • User Base: Serves over 5 million unique users. • Transaction Volume: Processes an average of 1.5 million transactions per month. • Infrastructure: Operates a hybrid ecosystem of mobile apps, POS networks, and a nationwide network of self-service kiosks. • Future Outlook: The forum is currently preparing for its second Fintech Summit in July 2026, aiming to attract regional investors and policymakers to further scale Sri Lanka's digital financial services. 🇱🇰
Banking Veteran Jonathan Alles Joins Singer Finance Board 📈
Singer Finance (Lanka) PLC has officially appointed former HNB Managing Director/CEO Jonathan Alles as a Non-Independent Non-Executive Director, effective following Central Bank approval on March 5, 2026. • Profile & Expertise: With over 37 years of experience in the banking and finance sectors, Alles has held senior roles at HSBC, National Bank of Abu Dhabi, and Saudi British Bank. He is an MBA graduate (Finance) from the University of Stirling and an Associate Member of the Institute of Bankers of Sri Lanka. • Leadership Legacy: He previously served as Chairman of the Sri Lanka Banks Association (2013-2015) and the Asian Bankers Association (2018-2021). His career includes chairmanship and board roles at major entities including HNB Finance PLC, Lanka Clear Ltd, and Acuity Partners. • Current Engagements: Alles currently holds independent directorships across diverse sectors, including United Motors Lanka, Lion Brewery, Hayleys PLC, and Singer SL PLC. • Strategic Impact: This appointment brings deep institutional knowledge to Singer Finance's governance, particularly in navigating Sri Lanka's evolving financial services landscape. Based on official filings, Alles holds no relevant shares or debentures in the company. _Source: Based on provisional corporate disclosures._
Dr. Dewasiri Jayantha Appointed as CEO of PMF Finance 📈
• PMF Finance PLC has officially appointed Dr. Dewasiri Jayantha as its new Chief Executive Officer, effective 3 March 2026, following approval from the Central Bank of Sri Lanka. • A distinguished figure in the financial services and academic sectors, Dr. Jayantha is a Professor in Finance (on Merit) and currently serves as the President of the Sri Lanka Institute of Marketing (SLIM). • He brings over 17 years of senior industry experience alongside a robust academic background, including a PhD in Finance from the University of Colombo and fellowships from the Chartered Management Institute (UK) and the Chartered Institute of Marketing (UK). • His expertise spans corporate governance, sustainable finance, and institutional transformation, having authored over 100 research publications on global financial stability and emerging-market development. • The appointment signals a focus on merging academic rigor with practical leadership to enhance the company's financial sector resilience and strategic growth.
Unilever Sri Lanka Chairman Ali Tariq appointed as Cluster Head for Growth Markets 📈
Unilever has announced a significant leadership expansion for its Sri Lankan operations, positioning the local office at the center of a regional growth cluster. • New Leadership Scope: Ali Tariq, currently Chairman and CEO of Unilever Sri Lanka, has been appointed as the Cluster Head for growth markets covering Sri Lanka, Myanmar, Cambodia, and Laos. • Global Integration: Tariq will report directly to Unilever’s Global Executive, signaling the strategic importance of this cluster within the group's international framework. • Experience Profile: A 22-year veteran of the group, Tariq brings extensive experience in general management, finance, and organizational transformation across Europe, South Asia, and the Far East. • Strategic Impact: The move suggests a focus on regional diversification and strengthening organizational transformation within these emerging markets, leveraging the established leadership in Sri Lanka to drive broader regional growth. _Summary based on official company announcement._
CBSL Approves New CEO for Bank of Ceylon (BOC) 📈
The Central Bank of Sri Lanka (CBSL) has officially approved the appointment of Y.A. Jayathilaka as the General Manager/Chief Executive Officer of the state-owned Bank of Ceylon, effective from 27 February 2026. • Leadership Transition: Jayathilaka transitions into the permanent role after serving as the Acting GM/CEO since 6 August 2025. • Professional Background: He previously served as the Deputy General Manager for Product and Banking Development and joined the bank's Corporate Management team in February 2020. • Strategic Impact: As a veteran of the state-sector banking & finance industry, his formal appointment provides leadership stability for Sri Lanka's largest commercial bank during a critical period of economic recovery.
RDB Bank Appoints New Directors to Drive Development Mandate 📈
The state-owned Regional Development Bank (RDB) has strengthened its leadership team with two high-profile appointments to its Board of Directors, aimed at enhancing financial inclusion and supporting SME entrepreneurs. • New Appointments & Expertise Asoka Bandara (Independent/Non-Executive): Effective Oct 2025. Over 40 years of experience in consumer goods (FMCG), dairy value chains, and corporate strategy. Formerly at Nestlé, Delmege Forsyth, and currently at Maliban. Wasanthe Nandasiri (Independent/Non-Executive): Effective Nov 2025. A Fellow Chartered Accountant with 20+ years in banking, financial services, and multi-country operations. Former senior lead at Ernst & Young. • Strategic Focus Areas Governance & Transformation: Integration of advanced risk management, treasury oversight, and large-scale ERP implementations. Sector Synergy: Leveraging Bandara’s leadership in the dairy and confectionery sectors to align bank lending with national industrial growth. Institutional Sustainability: Focus on long-term value creation and business restructuring to fulfill the bank's development mandate. • Key Professional Backgrounds Bandara: President of All-Island Dairy Association; former Director at People’s Leasing and Litro Gas. Nandasiri: Expertise in audit, valuation, and business transformation across South Asia and emerging markets. The move signals a push for professionalized management within state-backed development finance institutions to better serve the agricultural and manufacturing sectors.
Lanka IOC Appoints K. Raghu as New Managing Director 📈
Lanka IOC PLC has officially announced the appointment of K. Raghu to its Board as Executive/Managing Director, succeeding Dipak Das. A veteran of the petroleum sector, Raghu brings over 26 years of experience from Indian Oil Corporation Ltd. • Leadership & Expertise: Raghu holds a B. Tech in Civil Engineering and an MBA. His career spans significant roles in downstream marketing, retail strategy, and business leadership across major Indian states. • Strategic Achievements: He is credited with driving market share growth and spearheading retail network expansion. Notable successes include commissioning top-ranked company-owned outlets and introducing CNG infrastructure in new markets. • Modernization & Sustainability: His background includes leading retail automation, visual identity overhauls, and advancing sustainable mobility via LNG stations and electric vehicle (EV) charging networks. • Impact on Sri Lanka: In his new role, Raghu will provide strategic direction to Lanka IOC, focusing on operational excellence and sustainable energy solutions to further develop Sri Lanka’s energy sector.
Sanjay Kulatunga Appointed to WindForce PLC Board 📈
• WindForce PLC has announced the appointment of Mr. Sanjay Kulatunga as an Independent, Non-Executive Director effective March 3, 2026. He succeeds Mr. Dilshan Hettiaratchi following the latter’s resignation, aiming to strengthen the company’s strategic oversight and governance. • Mr. Kulatunga is a seasoned entrepreneur and finance professional, currently serving as the Co-Founder and CEO of LYNEAR Wealth Management. His extensive background in financial services and export-oriented industries is expected to bolster the firm’s long-term decision-making. • Key professional highlights include: • Co-founded Amba Research, a pioneer in Sri Lanka's investment research offshoring sector. • Held high-level public sector roles at the Central Bank of Sri Lanka (FSSCC), the Board of Investment (BOI), and the Securities and Exchange Commission (SEC). • Currently a Member of the Colombo Port City Economic Commission. • His academic credentials include an MBA from the University of Chicago Booth School of Business, alongside CFA and ACMA (UK) qualifications. This appointment integrates top-tier financial expertise into the renewable energy sector's leadership.
Indira Malwatta Appointed to CT Holdings Board 📈
CT Holdings PLC has announced the appointment of Indira Malwatta as an Independent Non-Executive Director, bringing over 40 years of expertise in export promotion and international marketing to the group. • Professional Background: A veteran in public sector leadership, she served as the first female Chairperson of the Sri Lanka Export Development Board (EDB). Her experience spans the industrial, agricultural, and SME sectors. • Key Achievements: Recipient of the Wifts Foundation Lifetime Achievement Award (London, 2016) and recognized by the LMD “A-List” of Sri Lankan business leaders. She has served as a focal point for projects with the World Bank, ITC, and JETRO. • Current Directorships: Currently holds Board positions at Samson International PLC (Chairperson), Cargills (Ceylon) PLC, Kotmale Holdings PLC, and Lanka Shipping and Logistics Ltd. • Economic Context: Her appointment strengthens the board’s capacity in supply chain management and women’s empowerment, reinforcing CT Holdings’ strategic leadership in the retail and manufacturing sectors. Note: Based on provisional corporate data. ---
Commercial Bank Appoints Hasrath Munasinghe as Executive Director/COO 📈
• Commercial Bank of Ceylon PLC has officially appointed Hasrath Munasinghe as Executive Director and Chief Operating Officer (COO), effective 27 April 2026. He succeeds S. Prabagar, who retires after a 30-year career at the bank. • Munasinghe currently serves as Deputy General Manager – Corporate Banking. His extensive tenure at ComBank includes leadership roles across Retail Banking, Digital Banking, Remittances, and Sustainability. • With 31 years of multi-disciplinary experience in Banking, Telecommunications, and FMCG, he brings over 15 years of corporate management expertise to the role. He is credited with driving portfolio expansion and strengthening asset quality. • He holds dual roles as a Director of CBC Finance PLC and a Board member of the UN Global Compact (UNGC) Network Sri Lanka, reflecting a focus on ESG and responsible governance. • Academically, he holds an MSc in IT from the University of Moratuwa, an MBA, and professional fellowships from CIMA (UK) and CIM (UK). _Note: Appointment follows the scheduled retirement of the current COO._
### Union Assurance Appoints CEO Senath Jayatilake to Board 📈
Union Assurance PLC has officially appointed its Chief Executive Officer, Senath Jayatilake, to the Board as an Executive Director, effective immediately. This move strengthens the leadership synergy between the company’s executive management and its strategic governance. • Executive Profile: Jayatilake serves as an Executive Vice President of the John Keells Group. His previous leadership includes a tenure as CEO of John Keells Logistics Ltd. • Professional Expertise: Brings over 19 years of experience across operations management, sales and marketing, and financial management. • Qualifications: • MBA from the Postgraduate Institute of Management (SJP). • BA (Hon) in Finance, Accounting, and Management (University of Nottingham). • Associate Member (ACMA) and Chartered Global Management Accountant (CGMA). • Strategic Impact: The appointment is expected to bolster Union Assurance’s position within the insurance and financial services sectors by leveraging Jayatilake's extensive cross-industry experience within the John Keells ecosystem.
Mazagon Dock Nominees Appointed to Colombo Dockyard Board 📈
Colombo Dockyard PLC (CDPLC) has officially appointed several new directors nominated by its major shareholder, India’s Mazagon Dock Shipbuilders Ltd (MDL), effective February 24, 2026. This follows MDL's recent acquisition of a 41.73% stake (164.9 Mn shares) as part of a US$ 52.96 Mn strategic investment to revive the facility. • New Board Appointments • Capt. Jagmohan: Chairman & MD of MDL (Non-Executive, Non-Independent Director). • Biju George: Director (Shipbuilding) of MDL. • Ruchir Agrawal: Director (Finance) of MDL. • Thimira S. Godakumbura: Current MD/CEO of CDPLC, now representing MDL. • Strategic Context • The shift reflects MDL’s increasing oversight as it moves toward securing a 51% controlling interest via an ongoing mandatory offer at Rs. 40.00 per share. • The partnership aims to integrate Sri Lanka’s shipbuilding & heavy engineering sector into regional supply chains and resolve long-standing working capital constraints. • Governance & Growth • Nominees bring expertise in naval architecture, defense operations, and finance to strengthen strategic oversight. • Appointments were approved by the Nomination and Governance Committee in compliance with CSE listing rules.
Headline: Corporate Heavyweight Chinthaka Jayaweera Joins Boards of Ceylon Guardian and Ceylon Investment 📈
Carson Cumberbatch group companies Ceylon Guardian Investment Trust PLC and Ceylon Investment PLC have announced the appointment of Chinthaka Jayaweera as an Independent Non-Executive Director, effective February 2026. • Executive Profile A veteran with over 28 years of global experience at A.P. Moller Maersk Group, Jayaweera previously served as Vice President and Chief Internal Audit Executive. He brings extensive expertise in governance, risk management, and global finance operations, having spent over two decades at Maersk's head office in Denmark. • Strategic Board Expansion His appointment extends beyond the investment sector; he has also joined the boards of other major entities within the group, including: Bukit Darah PLC Carson Cumberbatch PLC Equity Two PLC (Real Estate) Pegasus Hotels of Ceylon PLC (Leisure/Hospitality) • Qualifications & Background Education: Global Executive MBA from TRIUM (LSE, NYU Stern, and HEC Paris); leadership programs at Harvard and INSEAD. Professional: Fellow of CIMA (UK) and Member of CIM (UK). Career Roots: Started at KPMG Sri Lanka and Vanik Incorporation before a long-tenured career in international logistics and shipping. The addition of such a high-caliber professional is expected to strengthen independent oversight and risk compliance across these key investment and holding companies. _Note: Based on official corporate disclosures to the Colombo Stock Exchange (CSE)._
Suresh Shah appointed as HNB Chairperson effective April 2026 📈
• Leadership Transition: The Board of Hatton National Bank (HNB) PLC has appointed Suresh Kumar Shah as Chairperson, effective 1 April 2026. He succeeds Nihal Jayawardene PC, who retires following the AGM on 31 March 2026. • Profile & Expertise: Shah is currently an Independent Non-Executive Director at HNB and a Fellow of the Institute of Chartered Accountants of Sri Lanka. He brings extensive experience from the banking & finance and beverage sectors, having served as CEO of Lion Brewery (Ceylon) PLC and Ceylon Beverage Holdings PLC for 30 years. • Public Policy & Governance: A significant figure in Sri Lanka's economic policy, Shah previously headed the Government’s State-Owned Enterprise (SOE) Restructuring Unit. His leadership background includes chairing The Ceylon Chamber of Commerce and The Employers’ Federation of Ceylon. • Current Board Roles: He maintains a strong presence in the corporate sector, serving as Chairman of Ceylon Tobacco Company PLC and holding directorships at Carson Cumberbatch PLC, Bukit Darah PLC, and Lanka Canneries Ltd.
Dr. Parakrama Dissanayake Returns as SLPA Chairman 📈
Maritime industry veteran Dr. Parakrama Dissanayake officially assumed office as Chairman of the Sri Lanka Ports Authority (SLPA) today, 17 February 2026. This marks his third tenure leading the authority at a critical juncture for the logistics & shipping sector. • Strategic Leadership: A former Presidential Advisor and the first non-British President of the Institute of Chartered Shipbrokers (UK), Dr. Dissanayake brings extensive experience from both the public and private sectors, including leadership roles at Aitken Spence PLC. • Key Objectives: His new term will prioritize: • Enhancing operational efficiency and digitalization. • Expanding capacity to meet the target of 15 million TEUs by end-2026. • Strengthening Sri Lanka’s position as the primary transshipment hub in South Asia. • Economic Context: The appointment follows a strong performance in 2025, where the Port of Colombo recorded a historic high of 8.29 million TEUs. Under his previous leadership, SLPA achieved its then-highest profit of Rs. 13.1 billion, and Colombo was ranked as the world's fastest-growing container port (1H 2018). • Infrastructure Focus: His tenure is expected to oversee the finalization of the East Container Terminal (ECT) and the West Container Terminal (WCT), which are pivotal for national employment and regional trade competitiveness.
Kamal Munasinghe Appointed GM of Cinnamon Life at City of Dreams 🏨
• Executive Move: Hospitality veteran Kamal Munasinghe takes the helm as General Manager effective 15 February 2026. He concurrently retains his role as Senior Vice President – Colombo Hotels for Cinnamon Hotels & Resorts. • Experience Profile: Brings 30+ years of local and international experience (Switzerland, Malaysia, Vietnam). Previous leadership roles include COO of Cinnamon Hotels and stints with global brands like Marriott, Hyatt, and Mövenpick. • Strategic Focus: Tasked with driving the next growth phase of South Asia’s first fully integrated resort, aiming to solidify Colombo’s position as a hub for luxury hospitality, entertainment, and business. • Project Scope: Cinnamon Life represents Sri Lanka’s largest private sector investment. The landmark development features: • 687 luxury rooms and suites. • 5 grand ballrooms and an extensive restaurant portfolio. • A premium retail mall and over 1,000 pieces of Sri Lankan art. • Economic Impact: The appointment comes at a pivotal moment for tourism, with the integrated resort serving as a catalyst for urban transformation and global positioning of the travel & leisure sector.
Diplomatic Appointments: Parliament Approves Four New Heads of Mission 🇱🇰
The Committee on High Posts, chaired by Prime Minister Dr. Harini Amarasuriya, has officially approved the nominations for four key diplomatic representatives. These appointments are vital for strengthening Sri Lanka’s bilateral relations and labor migration oversight in the Middle East and Africa. • New Diplomatic Appointments: State of Israel: H.M.G. Saman Kumar Chandrasiri (Ambassador) Republic of Kenya: W. Peter Rohan Dhammika Fernando (High Commissioner) Lebanese Republic: Anura Withanage (Ambassador) State of Palestine: Mohamed Farook Mohamed Fawzer (Representative) • Strategic Context: These appointments cover regions critical to Sri Lanka’s foreign employment sector and regional diplomacy. The approvals follow standard parliamentary vetting to ensure leadership stability in missions overseeing trade and citizen welfare abroad. _Note: Based on official parliamentary committee reports._
New Leadership: Chinthaka Jayaweera Joins Carson Group Boards 📈
• Corporate Governance: Chinthaka Jayaweera has been appointed as an Independent Non-Executive Director to the boards of Bukit Darah PLC, Carson Cumberbatch PLC, Equity Two PLC, and Pegasus Hotels of Ceylon PLC. • Professional Background: A seasoned executive with 28 years at A.P. Moller Maersk Group, most recently serving as Vice President and Chief Internal Audit Executive in Denmark. His expertise spans Governance, Risk Management, Internal Controls, and Compliance. • Local & Global Expertise: • Former Country Manager for Maersk Logistics – Sri Lanka and Maldives. • Previous roles at KPMG and Vanik Incorporation. • Experienced in overseeing global finance operations and independent roles for high-net-worth family trusts. • Qualifications: Holds a Global Executive MBA from TRIUM (LSE, NYU Stern, and HEC Paris). He is a Fellow of CIMA (UK) and a Member of CIM (UK), with additional executive education from Harvard Business School and INSEAD. • Strategic Impact: The appointment brings significant international logistical and financial oversight experience to these key Sri Lankan entities across the investment holding, real estate, and hospitality sectors.
New Leadership for Sri Lanka’s Digital Transformation 📈
• Appointment Details: President Anura Kumara Dissanayake has formally appointed Mr. Waruna Sri Dhanapala as the Secretary to the Ministry of Digital Economy. The appointment letter was handed over today, 13 February 2026, at the Presidential Secretariat. • Professional Profile: Mr. Dhanapala is a Special Grade officer of the Sri Lanka Administrative Service (SLAS). His transition to the permanent role follows his tenure as Acting Secretary for the same ministry since 29 November 2024. • Strategic Context: This appointment solidifies leadership within the ICT/BPM and digital infrastructure sectors, which are pivotal for national economic diversification and modernizing public service delivery. • Status: Based on official presidential communications.
## ADB Appoints Sona Shrestha as Director General for South Asia 📈
The Asian Development Bank (ADB) has officially appointed Sona Shrestha as the Director General of its South Asia Department (SARD). She will oversee strategic operations across six nations, including Sri Lanka, India, and Bangladesh. • Leadership & Strategy: Shrestha will lead the implementation of ADB’s development strategies, focusing on promoting inclusive and sustainable growth within the South Asian region. • Extensive Experience: A veteran development leader with over 27 years of experience, including 23 years at the ADB. Her previous roles include Deputy Director General for SARD and leadership positions in financial sector and trade divisions. • Regional Focus: Her remit covers Sri Lanka, Bangladesh, Bhutan, India, Maldives, and Nepal. Shrestha’s background includes deep operational experience across Central, West, and Southeast Asia. • Academic Background: A national of Nepal, she holds a Doctorate and Master’s in Economics from the University of California and a Bachelor’s from Smith College. _Note: Appointment effective as of February 2026._
Govt. to Overhaul State Institution Leadership 📈
Cabinet Spokesman Dr. Nalinda Jayatissa has announced an upcoming reshuffle of top positions across several state-owned enterprises (SOEs) and statutory bodies. The move is part of a broader government effort to streamline administration and enhance institutional efficiency. • Overall Strategy: The government is currently finalizing names for new appointments to replace several existing chairpersons and heads of boards of directors. • Key Sectors Affected: While specific institutions have not yet been named, the reshuffle is expected to impact major entities within public utilities, transport, and finance. • Reasoning for Changes: • Requests for transfers from officials for personal or professional reasons. • Strategic decisions to appoint leadership deemed more beneficial for current policy goals. • Transition toward "professionalism" and "meritocracy" to reduce historical political patronage in SOEs. • Implementation Status: Based on provisional data, discussions are ongoing. Specific names and institutions involved are expected to be announced in the coming days.
### AAFI Appoints New Board for 2026/2027 📈
The Association of Alternate Financial Institutions (AAFI), the national representative body for Sri Lanka’s non-interest-based alternate finance sector, has unanimously re-elected its leadership for a two-year term effective January 2026. • New Executive Board Appointments: President: Siddeeque Akbar (VP – Retail Banking & Marketing, Amana Bank) Vice President: Suresh R. I. Perera (Principal – Tax & Regulatory, KPMG) Secretary: Rifka Ziyard (Principal – Tax & Regulatory, KPMG) Treasurer: Bahar Nayan (Senior Manager – Islamic Banking, NDB) Assistant Secretary: Ilsam Awfer (Chief Manager – AFSU, LOLC Finance) Assistant Treasurer: Hisham Ally (DGM, HNB) • Industry Impact & Scope: The AAFI serves as the collective voice for alternate finance, driving regulatory alignment and policy dialogue. The sector is critical for financial diversification and inclusion, attracting participation from leading commercial banks and finance companies including BOC, HNB, Commercial Bank, and People’s Leasing. • Digital Expansion: To enhance transparency and stakeholder engagement, the association officially launched its dedicated website (www.aafi.lk). • Strategic Vision: The board aims to optimize the potential of the participatory banking model to support national economic growth and sector development through 2027.
ADB Bolsters Partnership for Post-Cyclone Recovery 📈
Prime Minister Dr. Harini Amarasuriya met with the newly appointed Asian Development Bank (ADB) Country Director, Ms. Shannon Cowlin, to discuss urgent recovery efforts and long-standing development cooperation. • Emergency Disaster Response The PM expressed gratitude for ADB's timely assistance following Cyclone Ditwah. ADB has already mobilized a US$ 3 million grant for immediate relief and a US$ 40 million emergency facility to finance essential imports like food and medicine. • Reconstruction & Key Sectors ADB reiterated its commitment to the post-cyclone recovery phase, focusing on: Infrastructure: Rebuilding and reconstruction of damaged assets (estimated total losses of US$ 1.6 Bn - US$ 7 Bn). Education: Strengthening the education sector to ensure long-term resilience and human capital development. Power & Energy: Support for independent, sustainable electricity utilities and renewable energy acceleration. • Economic Outlook The meeting highlighted ADB’s alignment with Sri Lanka’s national priorities, following a 5% GDP growth rebound in 2024. ADB remains a key partner with a total commitment of US$ 12.7 Bn to date across 499 projects. _Note: Post-cyclone damage assessments are based on provisional 2025/2026 data._
Constitutional Council Calls for Audit Service Commission Members 📈
The Constitutional Council of Sri Lanka has officially invited applications to fill upcoming vacancies in the Audit Service Commission (ASC). This move is critical for maintaining fiscal discipline and oversight within the public sector, ensuring transparency in the management of national resources. • Eligibility Criteria (Per Article 153A): • Two retired officers from the Auditor-General’s Department (rank of Deputy Auditor-General or above). • One retired Judge of the Supreme Court, Court of Appeal, or High Court. • One retired Class I officer of the Sri Lanka Administrative Service (SLAS). • Application Process: • Format: Use the specific form available on the Parliament of Sri Lanka website (www.parliament.lk). • Deadline: Submit on or before 20 February 2026. • Submission: Send via registered post to the Acting Secretary-General to the Constitutional Council or via email to constitutionalcouncil@parliament.lk. The ASC holds the mandate for appointments, promotions, and disciplinary control of the Sri Lanka State Audit Service, playing a pivotal role in the country’s governance and accountability framework.
ADB Appoints Shannon Cowlin as New Country Director for Sri Lanka 🏛️
• Key Appointment: The Asian Development Bank (ADB) has appointed Shannon Cowlin as the new Country Director for the Sri Lanka Resident Mission, effective today in Colombo. • Professional Profile: Ms. Cowlin brings over 26 years of experience, including 13 years at the ADB. Her expertise covers energy, climate, and environment. She previously served as Country Director for ADB’s Mongolia Resident Mission. • Strategic Focus: Under her leadership, the ADB aims to support Sri Lanka’s economic recovery, strengthen resilience, and address impacts from Cyclone Ditwah. • Sectoral Expertise: Her background includes significant work in public health and the energy–food–water nexus, as well as prior leadership at the US National Renewable Energy Laboratory. • ADB's Role: As a primary multilateral partner, the ADB continues to focus on infrastructure development and sustainable growth for its 69 member nations, including Sri Lanka.
UDA Chairman Appointed to On’ally Holdings Board 📈
On’ally Holdings PLC has officially appointed Urban Development Authority (UDA) Chairman M.G. Hemachandra as a Non-Executive Director to its Board, effective June 2026. This strategic move links the country’s primary urban planning body with one of Sri Lanka’s pioneer real estate and property development firms. • New Leadership: Hemachandra is a veteran in infrastructure and development policy, formerly serving as Chief of Yen Loan Operations at JICA Sri Lanka. He currently leads the UDA’s efforts to modernize urban frameworks and revitalize stalled projects. • Corporate Context: On’ally Holdings, the proprietor of the iconic Unity Plaza (Sri Lanka's premier ICT/BPM and tech retail hub), is a subsidiary of Lanka Realty Investments PLC. • Strategic Synergy: The appointment is expected to strengthen On’ally’s alignment with national urban policy, smart city concepts, and sustainable development goals. • Board Portfolio: Hemachandra also holds board positions at Colombo Land & Development Company PLC, Waters Edge, and several other state and private sector entities. Impact: The integration of top-tier urban planning expertise into the property sector is aimed at boosting investor confidence and driving digital transformation in commercial real estate. _Note: Based on official corporate disclosures and UDA records._
DFCC Bank Appoints Anarkali Moonesinghe to Board 📈
DFCC Bank PLC has appointed Anarkali Moonesinghe as an Independent Non-Executive Director, effective February 2026. She brings over 25 years of extensive global experience in investment banking, capital markets, and corporate finance across Europe and Asia. • Expertise & Background: Moonesinghe specializes in emerging and frontier market financial institutions. Her core competencies include mergers and acquisitions (M&A), equity and debt capital markets, private equity, and capital structuring. • Career Highlights: • Previously served as CEO of CIMB Investment Bank Sri Lanka, leading strategic cross-border transactions and capital raising. • Former Partner at Amura Consulting (Singapore), advising financial institutions in frontier markets. • Commenced her career at Merrill Lynch in Singapore and London, focusing on M&A and financial risk analysis. • Current Directorships: She currently holds board positions as an Independent Non-Executive Director at hSenid Business Solutions PLC and is a Director of WealthTrust Securities PLC. • Academic Credentials: Holds an MA (Hons) in Politics, Philosophy, and Economics (PPE) from the University of Oxford and an Intensive Executive MBA from the Wharton Business School. The appointment is expected to strengthen the bank's strategic oversight and governance within the banking and financial services sector. _
## Mustafa Kassim Joins Amana Bank Board 📈
Amana Bank PLC has announced the appointment of entrepreneur Mustafa Kassim as a Non-Independent Non-Executive Director to its Board, effective February 2026. • Profile & Leadership: Kassim is the Founder and CEO of Roar Global, a diversified marketing and technology group. Since 2014, he has scaled the firm from a startup into a regional player operating across eight Asia-Pacific markets. • Industry Recognition: Named in the Forbes 30 Under 30 Asia list, Kassim is recognized for his expertise in applied AI, digital media, and platform marketing. He holds a BA in Economics from California State University, Northridge. • Strategic Value: His appointment is intended to strengthen the bank’s focus on digital transformation, innovation-led strategy, and operational efficiency. His experience in scaling multi-market businesses will support the bank’s long-term governance and ICT/technology initiatives. • Current Scale: Roar Global currently oversees six portfolio companies and employs over 150 professionals, serving thousands of clients regionally.
Dr. Trevor Mendis Appointed to Odel PLC Board 📈
Retail giant Odel PLC has officially appointed Dr. Trevor Mendis as an Independent Non-Executive Director to its Board, effective February 2026. • Professional Profile: Dr. Mendis is a renowned strategist and "pracedamic" with extensive experience across banking, consultancy, and academia. He currently serves as a Senior Management Consultant and Board of Study member at the Postgraduate Institute of Management (PIM). • Expertise & Specializations: • Corporate Governance: Holds a Doctorate in the field and has developed a global Governance Matrix. • Strategic Affairs: Specialist in re-engineering companies, international trade, and policy formulation. • Financial Oversight: Former banker with experience at ANZ Bank (NZ) and has evaluated over 1,000 global balance sheets. • Strategic Value: His appointment brings high-level expertise in data-driven decision making, sustainability, and AML (Anti-Money Laundering) to the retail & lifestyle sector. His background with the UN and ADB as a Lead Consultant emphasizes a focus on global best practices. • Key Affiliations: Previously served as Chairman of the Strategic Direction Committee at Sri Lanka Insurance Corporation and is a fellow of the Chartered Management Institute (UK). _Note: Based on official corporate disclosures._
📈 BCS Sri Lanka Section Appoints New Executive Committee at 30th AGM
The Sri Lankan chapter of the BCS – The Chartered Institute for IT has appointed its new leadership for the 2025/2026 term during its 30th Annual General Meeting held in Colombo. The committee aims to drive professional standards and national digital transformation within the ICT/BPM sector. • New Leadership Team: Chairman: Prof. Lasith Gunawardena (University of Sri Jayewardenepura) Secretary: Sanharsha Jayatissa (Metropolitan) Treasurer: Shanaka Prassanna Rajapaksha (Apps Technologies Ltd) Immediate Past Chairman: Vajeendra S. Kandegamage (Stemcore Asia Ltd) • Strategic Focus Areas: The committee will prioritize the following pillars to support Sri Lanka's digital economy: Digital Trust & AI: Shaping national conversations on responsible Artificial Intelligence and cybersecurity. Professional Development: Strengthening continuous learning and ethical tech practices. Entrepreneurship: Fostering technology-led startups and B2B engagement. Inclusion: Supporting Women in IT initiatives to enhance gender diversity in the workforce. • Institutional Impact: The new committee, comprising representatives from academia, finance, and software engineering, reaffirmed its commitment to aligning Sri Lanka’s ICT progress with global professional standards to ensure technology serves the public interest.
HNB Appoints Dr. Rohan Karunaratne as Chairman of Sithma Development 📈
Hatton National Bank PLC (HNB) has announced the appointment of veteran engineer and industry leader Dr. Rohan Karunaratne as the Chairman of its fully-owned property development arm, Sithma Development Ltd. • Strategic Oversight: Sithma Development is responsible for the ownership and management of HNB’s landmark real estate assets, including the 23-story HNB Towers in Colombo. The subsidiary plays a critical role in managing the bank’s strategic physical infrastructure and real estate portfolio. • Expertise & Leadership: Dr. Karunaratne brings over 40 years of experience across engineering, construction, and development finance. He is a Fellow of the Chartered Institute of Building (CIOB) and serves as President of the Ceylon Institute of Builders. • Broader Economic Impact: His appointment aligns with HNB’s focus on institutional real estate governance. Dr. Karunaratne has previously held leadership roles at Bank of Ceylon (BOC) Property Development, Arpico Finance PLC, and the Chamber of Construction Industry, contributing significantly to national policy and industry standards. • Key Focus: The transition aims to leverage Dr. Karunaratne’s multidisciplinary background to strengthen Sithma Development’s role in high-value property management and strategic real estate investment for the HNB Group.
New Executive Chef Appointed at Cinnamon Bentota Beach 👨🍳
• Hospitality & Tourism: Cinnamon Bentota Beach – Signature Selection has appointed Chef Kamal Surendrajith as its new Executive Chef to lead the resort's luxury culinary operations. • Expertise: Bringing over 26 years of international experience across Turkey, Kuwait, Iraq, and Sri Lanka, his background focuses on high-end hotel environments and global flavor profiling. • Strategic Focus: The appointment aims to enhance the resort’s gastronomic offering through menu engineering, cost control, and resource optimization, directly supporting the property's beachfront identity. • Operational Impact: Beyond culinary creativity, Chef Kamal will prioritize team development and operational precision, essential for maintaining service standards in Sri Lanka’s luxury tourism sector.
📈 Former Auditor General joins CT Land Development Board
CT Land Development PLC has announced the appointment of Chulantha Wickramaratne as an Independent Non-Executive Director. Wickramaratne, who served as the 41st Auditor General of Sri Lanka (2019–2025), brings extensive expertise in governance and financial oversight to the real estate sector. • New Board Appointment: Wickramaratne joins the board following his recent appointments to other major entities within the conglomerate, including CT Holdings PLC and Cargills (Ceylon) PLC. • Professional Profile: • Public Sector Leadership: Over 35 years of experience; former principal adviser to Parliamentary Oversight Committees (COPA and COPE). • Audit & Reform: Spearheaded digital audit management systems and legislative reforms within the National Audit Office. • Qualifications: Fellow of CA Sri Lanka, CIPFA (UK) qualified, and Associate of ICMA Sri Lanka. • Sector Impact: The move strengthens the governance framework of CT Land Development PLC, the owner and operator of the Majestic City complex. This follows the recent appointment of Shalindra Fernando as CEO in January 2026, signaling a strategic leadership refresh for the company’s property development and retail operations.
Constitutional Council Appoints New Auditor General 📈
The Constitutional Council (CC) has unanimously approved the appointment of Samudika Jayaratne (L.S.I. Jayaratne) as the new Auditor General of Sri Lanka, effective February 3, 2026. • Ending the Deadlock: This decision resolves a 10-month vacancy in the critical oversight role since the retirement of W.P.C. Wickramaratne in April 2025. • Professional Background: Jayaratne is a career official and previously served as a Senior Deputy Auditor General within the National Audit Office. • Governance Impact: The appointment restores permanent leadership to the national audit institution, which is vital for maintaining fiscal transparency and ensuring the independence of government audits. • Selection Process: Chaired by Speaker Dr. Jagath Wickramaratne, the CC reached a unanimous consensus following the rejection of several prior nominees, including a controversial military nomination in late 2025. The move is expected to stabilize the Government Audit Department and address civil society concerns regarding the accountability of state expenditure.
⚖️ Rajeev Amarasuriya Re-elected Uncontested as BASL President
The Bar Association of Sri Lanka (BASL) has finalized its leadership for the 2026/2027 term following an uncontested election process. • Leadership: Rajeev Amarasuriya secured a second term as President, while former Treasurer Nalin Chandika De Silva was elected as the new Secretary. • Transition: De Silva will succeed incumbent Secretary Chathura Galhena, who concludes a two-year tenure. • Formal Induction: The new office bearers will be officially inducted at the 52nd BASL Convocation scheduled for 28 March 2026. • Official Declaration: Results were formally announced by the Returning Officer, Solicitor General Viraj Dayaratne PC. The continuity in leadership within the legal sector is a key indicator of institutional stability, which remains vital for maintaining business confidence and the rule of law in Sri Lanka's current economic landscape.
⚠️ WCIC Concerns Over National Commission on Women Resignation
The Women’s Chamber of Industry and Commerce (WCIC) has expressed formal concern following the resignation of Ramani Jayasundara, Chairperson of Sri Lanka’s first National Commission on Women (NCW). The Chamber urges the Government to maintain momentum on gender-related structural reforms. • Key Concerns: The WCIC warns against a potential rollback on progressive steps concerning women’s rights and the low economic participation of women in Sri Lanka. • Commission Mandate: The NCW is tasked with critical functions including: Addressing gender-based violence. Providing legal aid. Ensuring women’s participation in decision-making processes. • WCIC Recommendations: The Government must provide necessary resources and legislative power to ensure a viable commission. Urgent action is needed to restore trust and continue the agenda for female representation and employment stability. • Context: The WCIC highlights that a functional Commission is vital for addressing structural barriers that hinder women's contribution to the national economy.
Sri Lankan Expert Dr. Ruchitha Perera Re-elected as CIM UK Co-Vice Chair 📈
• Leadership Milestone: Dr. Ruchitha Perera has been re-elected as the Honorary Co-Vice Chair of the Board of Directors for the Chartered Institute of Marketing (CIM), UK, extending his term through April 2028. • Professional Standing: First elected to the Board in 2022, Dr. Perera’s re-appointment underscores his 30+ years of expertise in marketing, business strategy, and innovation. • Key Contributions: • Specializes in digital transformation, AI, and financial sustainability within global academic and master’s programs. • Actively mentors entrepreneurs, contributing to the development of the ICT/BPM and professional services sectors. • Local Impact: Currently serves as Executive Director of The Family Planning Association of Sri Lanka (FPA), leading strategic initiatives in medical service delivery and social enterprise development. • Strategic Value: His dual role highlights the global influence of Sri Lankan professionals in high-level governance and education, bridging international standards with local community development.
### Dankotuwa Porcelain Appoints Miyuru Rajapakshe as CEO 📈
Dankotuwa Porcelain PLC has officially appointed industry veteran Miyuru Rajapakshe as its new Chief Executive Officer, leveraging his extensive background in the manufacturing and export sectors. • Executive Profile: Rajapakshe is an alumnus of the University of Moratuwa (Mechanical Engineering) and holds an MBA from the University of Colombo. He is a certified Lean/Six Sigma Black Belt, specializing in operational efficiency. • Internal Growth: He has served the company for nine years, progressing from Group Head of Manufacturing Processes to Senior General Manager of Operations, and most recently, Chief Operating Officer (COO). • Strategic Experience: His career includes pivotal roles at blue-chip firms including Ceylon Tobacco Company, Ansell Lanka, De La Rue Lanka, and Unilever Sri Lanka. • Economic Impact: His leadership is expected to focus on transforming manufacturing operations into highly profitable enterprises, a key factor for Sri Lanka's tableware and ceramics export strength.
📈 Würth Lanka Resets for Growth with Leadership Shift
Following a period of accelerated growth throughout 2025, Würth Lanka has entered 2026 with a restructured management team aimed at sharpening execution and deepening customer focus. • Leadership & Strategy: Under CEO Suranga Kekuluwalage, the company has introduced a younger leadership team to drive agility. This shift is anchored by the "Unbeatable" framework, focusing on three pillars: customers, the sales team, and disciplined product portfolio management. • Operational Expansion: • Direct Sales Force: Expanded by 66% in 2025, signaling strong market optimism. • Product Portfolio: Currently manages 5,000–6,000 products, with 40–50 new items launched in the 2024-2025 period. • New Divisions: Launched a Trade division last year to complement existing Automotive, Construction, Metal, and Maintenance sectors. • Investment & Outlook: The company has committed to heavy investments in employee training and product development. Management reports a clear increase in revenue and market share, positioning the firm to navigate 2026 with a more diversified market presence across the construction and industrial maintenance segments.
📈 SLCGE Signals Policy Push for SME Apparel Exports
The Sri Lanka Chamber of Garment Exporters (SLCGE) held its 28th AGM, appointing Nishantha Bakmeege (Managing Director of Screenline Holdings) as President to lead a renewed focus on policy advocacy and competitiveness for the SME segment of the apparel & textiles sector. • Leadership Transition: Outgoing President Bandula Fernando concluded a 13-year tenure, credited with navigating the industry through global market volatility and economic shocks. The new leadership includes Rumesh Perera as Vice President and Hemantha Perera continuing as Secretary General. • Strategic Focus: The Chamber's 2026 agenda prioritizes: • Digitalization, innovation, and sustainability-led manufacturing. • Strengthening the resilience of SME exporters within the national value chain. • Value addition and technology adoption to meet global sourcing trends. • Policy Advocacy: The SLCGE pledges to engage policymakers to address structural bottlenecks, including: • Access to finance and cost competitiveness. • Compliance burdens and regulatory ease. • Improving productivity to sustain Sri Lanka’s apparel competitiveness in international markets. • Economic Impact: As a vital component of the national economy, the SME apparel sector remains a critical driver for employment and regional industrial development. The new committee aims to align national export strategies with the realities of smaller-scale manufacturers.
CC to Reconsider AG Nomination Tomorrow 📈
The Constitutional Council (CC) is scheduled to meet tomorrow, February 3, at 2:00 p.m. to deliberate on the President’s re-nomination for the post of Auditor General (AG). This key oversight role has remained vacant for nearly nine months following the retirement of Chulantha Wickramaratne. • Nomination Details: President Anura Kumara Dissanayake has re-submitted the name of Senior Deputy Auditor General L.S.I. Jayarathne. This follows the CC's previous rejection of her name and the subsequent withdrawal of the nomination for W.M.K.P.A. Wickremesinghe. • Institutional Context: Despite the recent appointment of new CC members—Austin Fernando, Prof. Wasantha Seneviratne, and Ranjith Ariyaratna—a final decision remains pending. The vacancy has been temporarily filled by Acting AG Dharmapala Gammanpila, who has not been formally nominated for the permanent position despite public support from religious leadership. • Economic Significance: The AG office is a critical pillar for public sector accountability and fiscal transparency. Delays in a permanent appointment can impact the oversight of state expenditure and the efficiency of the public audit process during a crucial period of economic reform.
Ministry Clarifies AASL Leadership Change 📈
The Ministry of Ports and Civil Aviation has officially dismissed media reports linking the removal of former Airport and Aviation Services (AASL) Chairman, Rhasa Abeywickrama, to a dispute over a Buddhist prelate’s airport access. • Administrative Restructuring: The Ministry stated the leadership change was a strategic decision following a review on 21 January 2026. This move is part of broader shifts in the administrative structure of the aviation sector and institutional management needs. • The Permit Issue: Claims regarding a special permit for Ven. Banagala Upatissa Thero were clarified as "entirely unrelated." • A permit extension was requested on 29 December 2025. • Formal approval with "appropriate conditions" was issued by the former Chairman on 09 January 2026. • The Ministry emphasized there was no conflict between the Minister and the Chairman regarding this request. • New Protocol: Current AASL leadership has informed the Thero that future access to Bandaranaike International Airport (BIA) must be coordinated via official designated channels to ensure security standards are maintained. • National Context: These changes come at a critical time as the aviation sector faces structural reforms to improve efficiency and address institutional matters within the national transport framework.
## AIA Insurance Lanka Strengthens Board with Key Appointments 📈
AIA Insurance Lanka has announced the appointment of two prominent corporate leaders, Asoka Pieris and Deepthi Lokuarachchi, as Non-Executive Independent Directors to bolster its strategic growth and governance. • Strategic Focus: The move aims to integrate deep financial oversight with specialized healthcare and insurance expertise to support long-term value creation. • New Appointments: Asoka Pieris: A seasoned finance professional (CIMA, CASL) with extensive local and international experience in financial management and sustainable value creation. Deepthi Lokuarachchi: An Attorney-at-Law and Chartered Insurance Risk Manager. His background in both insurance and healthcare sectors is expected to drive AIA’s initiatives in health-related insurance products. • Market Impact: These appointments reflect a focus on diversifying board perspectives to navigate the evolving financial services and health insurance landscape in Sri Lanka.
## Kishan Vairavanathan Appointed to Ceylon Land and Equity Board 📈
Ceylon Land and Equity PLC has announced the appointment of Kishan Vairavanathan as an Independent Non-Executive Director, effective January 2026. • Professional Profile: A seasoned veteran in the financial services and capital markets sectors with extensive leadership experience across major Sri Lankan firms. • Key Past Roles: • CEO of Asia Wealth Management Ltd (2023–2024). • Managing Director at Assetline Capital and Assetline Securities (2016–2022). • Former CEO/Director within the Capital Alliance (CAL) Group for eight years. • Previous senior roles at Janashakthi Insurance (GM Investments) and NDB Stockbrokers. • Current Engagements: He currently serves as an Independent Director for Galle Face Capital Partners PLC and Premier Wealth Management Ltd, and functions as a Consultant at Nestor Stockbrokers. • Academic Background: Holds an MBA in Finance and Investments (USA) and a BSc in Mathematics from the University of Sussex, UK. This appointment brings significant expertise in investment management and corporate governance to the board, strengthening the company's strategic oversight within the real estate and equity sectors.
### Zakir Mohamedally Appointed to CT Land Development Board 📈
CT Land Development PLC has announced the appointment of Zakir Mohamedally as a Non-Independent Non-Executive Director, strengthening its leadership with over 20 years of expertise in audit, assurance, and capital markets. • Professional Profile: Currently serving as the Group COO and Head of Investment Banking at CT Smith Holdings Group, Mohamedally has led major transactions in Equity Capital Markets, Debt Capital Markets, and Mergers & Acquisitions (M&A). • Strategic Leadership: Since August 2025, he has held the role of Managing Director at Odeon Holdings (Ceylon) Ltd, the parent entity of CT Holdings PLC. • Background & Qualifications: • Began career at PricewaterhouseCoopers (PwC) Sri Lanka in 2005. • Fellow of ACCA (UK) and Associate Member of CIMA (UK) and CMA Sri Lanka. • Holds a Postgraduate Diploma in Marketing from CIM (UK). This appointment brings specialized technical and financial services depth to the board, particularly in navigating complex cross-border deals and corporate restructuring. ---
Harendra Uyanage Appointed CCO of MullenLowe Group Sri Lanka 📈
• Leadership Change: MullenLowe Group (MLG) Sri Lanka has named Harendra Uyanage as Chief Creative Officer (CCO). A veteran with over 20 years of experience, Uyanage ascends from paste-up artist to the C-suite, highlighting a career of strategic creativity and filmmaking excellence. • Sector Impact: His portfolio spans critical sectors including personal care, healthcare, financial services, and telecommunications. He has been pivotal in securing multiple Effie wins (Gold and Silver) and leading brand revivals that achieved long-term commercial success. • Strategic Role: As CCO, Uyanage will oversee creative vision and talent development for Sri Lanka’s largest integrated brand communications company. He remains a key figure in mentoring the next generation of talent within the ICT/BPM and creative services landscape. • Agency Profile: MLG Sri Lanka serves 43 of the nation’s top corporates and manages 111 brands across 33 categories. The agency currently holds 80% of the top 10 most advertised categories in the country and is ranked among APAC’s top 20 most effective creative organisations. • Global Context: Operating as a full member affiliate of MullenLowe Worldwide (now merged with Omnicom), the move strengthens the agency's ability to bridge local insight with global creative benchmarks.
📈 Crisis Looms in State Sector Amid High-Profile Resignations
Public sector stability in Sri Lanka is under pressure as key government-appointed heads exit their roles, signaling growing friction between the administration and state institutions. • High-Profile Exits: Airport and Aviation Services SL Chairman, Air Chief Marshal Harsha Abeywickrama (retd), and National Women’s Commission Chairperson Ramani Jayasundara have resigned. Reports cite "interference" as a primary driver for these departures. • Healthcare in Turmoil: The health sector faces a major crisis as the GMOA (Government Medical Officers' Association) launched an indefinite strike this week. Issues include medical shortages and the controversial suspension of high-ranking medical officers. • Education Setbacks: Implementation of the Grade 6 new modules has been postponed to 2027. This follows a major scandal involving an inappropriate link in the English language module, which the government attributed to "editorial inefficiency." • Oversight & Accountability: • The Auditor General post has remained vacant for nearly 10 months. • Maha Nayaka Theras have formally urged the President to appoint an internal senior official to ensure fiscal transparency. • The Deputy Secretary General of Parliament was recently interdicted, further fueling claims of a "hostile" environment for state employees. The government, which holds a two-third majority, faces mounting criticism for alleged "politicization" of independent bodies, risking long-term support from the 1.5 million-strong state workforce.
Ramani Samarasundera Appointed to Seylan Bank Board 📈
• Seylan Bank PLC has announced the appointment of Ramani Samarasundera as an Independent Non-Executive Director to its Board, effective immediately. • With over 30 years of extensive experience in marketing and brand building, she brings deep expertise in the FMCG sector and consumer insight-driven growth to the banking industry. • Key Career Highlights: • Current Group Chief Marketing Officer at CIC Holdings PLC. • Two decades at Unilever Sri Lanka, including eight years as a Board Director. • Senior marketing leadership roles at Atlas Axillia and Hemas Consumer Brands. • Professional Impact: Recognized for leveraging market dynamics to scale leading local brands and contributing to industry capability building through the International Advertising Association (IAA). • Educational Background: Holds a Bachelor of Science (B.Sc.) degree from the University of Colombo.
## Sabre Sri Lanka Appoints Aviation Veteran Chandana De Silva as Country Head ✈️
Softlogic Holdings PLC has announced the appointment of industry specialist Chandana De Silva to lead Sabre Sri Lanka, a joint venture between Softlogic and the global travel technology provider, Sabre. • Executive Profile: De Silva brings over 30 years of experience in the aviation and travel sectors, having held high-ranking executive roles at both SriLankan Airlines and Emirates Airlines. • Strategic Focus: His expertise spans operational excellence, commercial strategy, and revenue growth. He is tasked with expanding market presence and fostering partnerships within the tourism and government sectors. • Key Previous Roles: • Country Manager (Sri Lanka & Maldives) – Emirates • Head of Corporate Communications – SriLankan Airlines • Manager (Sri Lanka & Maldives) – SriLankan Airlines • Impact: The appointment is expected to leverage De Silva's cross-sector collaboration skills to expedite growth for Sabre Sri Lanka and strengthen its position within the local ICT/Travel Tech landscape.
📈 Vickum Nawagamuwage Joins RIL Property Board
RIL Property PLC has announced the appointment of entrepreneur Vickum Nawagamuwage as an Independent Non-Executive Director, effective immediately. • Strategic Expertise: Nawagamuwage is the founder of the globally acclaimed wellness resort, Santani, bringing significant experience in the hospitality and wellness sectors to the board. • Professional Background: He possesses a strong background in strategy consulting, having previously worked with global firms Deloitte Consulting and KPMG in the United States. • Academic Credentials: His expertise is backed by an elite educational background from Harvard University and the University of Maryland. This appointment aligns with RIL Property's focus on strengthening its leadership with diversified expertise in real estate and high-end hospitality management.
## Property Veterans Hisham Jamaldeen and Archie Warman Join Lee Hedges Board 📈
Lee Hedges PLC has announced the appointment of real estate and investment veterans Hisham Jamaldeen and Archie Warman as Non-Independent Executive Directors. This follows the recent Rs. 4 Bn acquisition of a 51% controlling stake in the company by Lanka Realty Investments PLC (LRI). • Strategic Leadership Hisham Jamaldeen: Brings 20+ years of experience in corporate finance and real estate. Founder of Steradian Capital, he has managed transactions exceeding US$ 1.6 Bn. He currently holds 40 directorships, including Managing Director of On’ally Holdings PLC (Unity Plaza). Archie Warman: A seasoned professional in property investment and asset management. Co-founder of Steradian Capital, he has led major transactions on the Colombo Stock Exchange and developed landmark projects like HQ Colombo and the W15 hospitality brand. • Economic Context & Outlook The appointments signal a strategic pivot for Lee Hedges toward yield-focused commercial real estate and income-generating assets. The group benefits from high liquidity, with Lee Hedges holding approx. Rs. 1.76 Bn in cash/near-cash resources as of 2Q 2026. This move strengthens the ICT/BPM and hospitality infrastructure sectors through LRI’s expanded portfolio, aimed at optimizing shareholder value amidst Sri Lanka’s economic recovery. _Note: Data based on recent corporate filings and board appointments._
## Felix Fernando Appointed Chairman of JAAF at 22nd AGM 📈
The Joint Apparel Association Forum (JAAF), the apex body for Sri Lanka’s apparel & textiles sector, announced its new leadership for 2026 during its 22nd Annual General Meeting held today. • New Leadership: Felix A. Fernando, CEO/MD of Omega Line Ltd, succeeds Saifuddin Jaferjee as Chairman. Fernando brings over 35 years of manufacturing experience to the role. • Executive Team: Aroon Hirdaramani and Hemantha Perera were appointed as Vice Chairmen, supported by an Executive Committee featuring industry veterans from major export groups. • Strategic Focus: The new term prioritizes global competitiveness, market access, and long-term sustainability to strengthen the national export base. • Industry Impact: Outgoing Chairman Jaferjee noted the industry's resilience against global trade dynamics and regulatory pressures. • Economic Footprint: Felix Fernando leads Omega Line, a major employer with over 15,000 staff, highlighting the sector’s vital role in national employment and BOI-backed investment. The JAAF remains the primary advocate for the apparel industry, working with policymakers to improve the ease of doing business and secure growth for Sri Lanka’s largest gross export earner.
📈 Arpico Insurance Appoints Jayalal Hewawasam as CEO
Arpico Insurance PLC, a subsidiary of the blue-chip conglomerate Richard Pieris & Company PLC, has officially appointed industry veteran Jayalal Hewawasam as its new Chief Executive Officer, effective 1 January 2026. This leadership transition aims to drive a new phase of innovation and sustainable growth for the life insurer. • Strategic Leadership: Hewawasam brings over 25 years of experience in sales, marketing, and general management across the insurance and FMCG sectors in Sri Lanka and the Maldives. • Industry Credentials: He previously served as CEO of Allianz Life Insurance Sri Lanka and held senior roles at Union Assurance, AIG Insurance Sri Lanka, and Sri Lanka Insurance Corporation. • Professional Expertise: A Fellow of the Chartered Insurance Institute (UK) and the Chartered Institute of Marketing (UK), he is currently pursuing a Doctorate in Business Administration (DBA) at the University of Sri Jayewardenepura. • Corporate Context: The appointment leverages the 90-year legacy of the Richard Pieris Group to enhance service excellence and protect policyholders under the "Insurance for the Living" philosophy.
## Janashakthi Finance Appoints Indresh Fernando as CFO 📈
Janashakthi Finance PLC (formerly Orient Finance), a subsidiary of the JXG Group, has officially appointed Indresh Puvimanasinghe Fernando as its Chief Financial Officer (CFO). This strategic move aims to bolster the company’s leadership amid its ongoing growth phase. • Executive Profile: A seasoned professional with over 33 years of multi-industry experience across finance, operations, and digital transformation. • Career Highlights: Previously held senior roles including Sector Finance Director at Hemas Group, COO of Softlogic Finance, and Chief Process Officer at Asiri Hospital Group. • Professional Qualifications: A Fellow Member of CIMA (UK) and a Chartered Global Management Accountant (CGMA). • Strategic Focus: The appointment is geared toward enhancing operational foundations, governance, and long-term value creation. CEO Sithambaram Sri Ganendran emphasized that Fernando’s expertise in business turnaround and large-scale transformation will be "invaluable" to the company’s financial services strategy.
Chemanex PLC Appoints Dr. Anura Ekanayake as Chairman 📈
Chemanex PLC has announced key changes to its leadership, appointing veteran economist and industry leader Dr. Anura Ekanayake as Chairman of the Board. • New Leadership Appointments • Dr. Anura Ekanayake: Appointed as Chairman. A member of the Board since 2016, he brings extensive experience as a former Chairman of the Ceylon Chamber of Commerce and the industrial Association of Sri Lanka. • Waruna Madawanarachchi: Appointed as a Non-Independent, Non-Executive Director. He currently serves as Managing Director of the CIC Agri Cluster and holds multiple directorships across the agribusiness value chain. • Strategic Expertise • Economics & Governance: Dr. Ekanayake’s background spans two decades in public service, including senior roles in the Ministry of Plantation Industries and the Mahaweli Authority. • Agribusiness Innovation: Mr. Madawanarachchi is a specialist in agricultural R&D and national seed systems, focusing on productivity enhancement and public-private partnerships. • Corporate Context • These appointments strengthen the board's expertise in chemicals, industrial intermediates, and agriculture, aligning with Chemanex's strategic focus on innovation-led growth within the CIC Group.
## EML Consultants Expands Board with Strategic Appointments 📈
EML Consultants PLC has strengthened its leadership by appointing Lolitha Abeysinghe and Prasad Galhena as Executive Directors to its Board. • Lolitha Abeysinghe: A specialist in securities regulation and financial markets. He is the Managing Director of Chelinaa Capital Corporation and a former Commissioner of the Securities and Exchange Commission of Sri Lanka. • Prasad Galhena: A transformation specialist with extensive experience across the energy, shipping, and banking sectors. He has previously chaired state entities including the Sri Lanka Sustainable Energy Authority and the Ceylon Shipping Corporation. • Strategic Impact: These appointments bring deep expertise in regulatory frameworks, strategic governance, and financial management, aligning with the company's focus on high-impact organizational reform and long-term value creation. • Background: Both appointees hold advanced academic qualifications (MBAs) and possess significant international exposure in consulting and policy-making through initiatives funded by the World Bank and UNDP.
## DFCC Bank Appoints Banking Veteran Indrajit Wickramasinghe to Board 📈
New Appointment: DFCC Bank has officially appointed Indrajit Wickramasinghe as an Independent Non-Executive Director, effective immediately. Professional Background: A seasoned leader with over 36 years of experience across financial services and FMCG sectors. He most recently served as Director/CEO of Union Bank for over nine years until August 2024. Banking Expertise: Previously held the role of COO at NDB Bank, overseeing Retail, Corporate, SME Banking, and Project Finance. His experience is vital for banking sector governance and strategic growth. Key Institutional Roles: Former Chairman of the Financial Ombudsman Sri Lanka and former Director of the Credit Information Bureau of Sri Lanka (CRIB). Academic Credentials: Holds an MBA from the University of Sri Jayewardenepura and is a Fellow of the Chartered Institute of Marketing (UK), with executive education from Oxford, INSEAD, and NUS. This appointment strengthens DFCC Bank's board with deep regulatory and operational expertise during a period of evolving financial standards in Sri Lanka. ---
📈 PayMedia Appoints New COO to Scale Fintech Operations
Sri Lankan fintech leader PayMedia Ltd has appointed Dhammika Dasa as Chief Operating Officer (COO) to drive strategic growth and operational excellence. • Leadership & Strategy: Dasa brings 27+ years of experience across Sri Lanka, Australia, and New Zealand, specializing in digital transformation, IT governance, and strategic planning. • Proven Track Record: Previously served as CIO at People’s Bank, leading major core modernization projects. He also held top roles at KPMG Technologies (CEO) and Aitken Spence PLC (Group IT General Manager). • Operational Focus: Will oversee daily operations for a team of nearly 180 professionals, focusing on process optimization, vendor relations, and maintaining PCI DSS global security standards. • Sector Impact: This appointment aims to bridge the gap between visionary goals and execution as PayMedia scales its fintech solutions for the global digital economy.
CA Sri Lanka to Induct Tishan Subasinghe as 28th President Today 📈
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) formally appoints its new leadership today, 20 January 2026, marking a significant transition for the nation's premier accounting body. • New Leadership: Tishan Subasinghe will be inducted as the 28th President of CA Sri Lanka for a two-year tenure, succeeding the outgoing leadership to guide the professional services sector. • Global Integration: The ceremony features Jean Bouquot, President of the International Federation of Accountants (IFAC), as Chief Guest. This highlights CA Sri Lanka's alignment with global standards for its 3 million+ represented members worldwide. • Economic Impact: The visit includes high-level discussions with government officials focusing on professional standards, public interest, and the future of the accounting profession, which is vital for financial transparency and investor confidence in Sri Lanka. • Institutional Legacy: CA Sri Lanka maintains its status as the first local body to join IFAC (since 1978), emphasizing its role in developing the country's human capital and audit & assurance frameworks.
### Radisson Blu Galadari Colombo Announces Major Recruitment Drive 📈
The tourism & hospitality sector reaches a new milestone as the legacy Galadari Colombo transitions into Radisson Blu. The hotel has launched the "Race to the Blu Future – Careers Open Day" to secure top-tier talent for its upcoming Q2 2026 reopening. • Recruitment Initiative A large-scale "Careers Open Day" is scheduled for 5 and 6 February 2026. The drive targets multiple operational departments, including Front Office, Culinary, F&B Service, Engineering, and Housekeeping. • Investment & Transformation Based on recent disclosures, the refurbishment project represents a US$ 48.5 Mn investment (increased from an initial US$ 33.5 Mn). This structural and brand overhaul aims to align the property with Radisson’s global standards, enhancing the hospitality landscape in Colombo. • Tech-Driven Talent Acquisition Setting a local industry trend, the hotel is deploying an AI-enabled global recruitment platform to streamline tracking and candidate experience. This move supports the broader ICT/BPM integration within Sri Lanka’s service sectors. • Development Pathways The hotel also launched its dedicated talent platform, featuring structured pathways: BluStart: Targeted at Hotel School Trainees for foundational skills. BluNext: Focused on nurturing Management Trainees as future leaders. This initiative addresses the critical skilled labor migration challenge currently facing the tourism industry by building a sustainable domestic talent pipeline.
## IFC Appoints Sarvesh Suri as Regional VP for Asia and the Pacific 🌏
The International Finance Corporation (IFC) has named Sarvesh Suri as the new Regional Vice President for Asia and the Pacific. Based in Singapore, Suri will oversee investment and advisory operations across a territory stretching from India to the Pacific Islands, including Sri Lanka. • Strategic Leadership: Suri will lead efforts to mobilize private sector solutions in manufacturing, agribusiness, infrastructure, and financial services to address regional development challenges. • Core Objective: A primary focus will be on job creation and supporting micro, small, and medium enterprises (MSMEs), which act as engines for economic growth. • Financial Instruments: The strategy involves strengthening local capital markets, making strategic equity investments, and utilizing innovative financing to bridge development gaps. • New Regional Support: • Keiko Miwa (Jakarta) will manage South West Asia and Pacific Islands. • Arnaud Dupoizat (Hong Kong) will oversee East Asia effective Feb 1, 2026. • Professional Profile: An Indian national with 25 years of experience, Suri previously served as IFC’s Regional Industry Director for Infrastructure and Natural Resources and held senior roles at MIGA.
SDB bank Appoints Manoj Akmeemana as Deputy CEO 📈
SDB bank has officially appointed industry veteran Manoj Akmeemana as its new Deputy Chief Executive Officer to drive strategic execution and institutional resilience. • Expertise & Background: Akmeemana is a seasoned professional with over 35 years of experience in financial services. He specializes in corporate lending, credit administration, risk management, and restructuring distressed portfolios. • Professional Track Record: Prior to this role, he held senior leadership positions at Sampath Bank PLC, most recently serving as Senior Deputy General Manager. His focus involved strengthening credit discipline, legal coordination, and regulatory compliance. • Strategic Impact: At SDB bank, he will oversee initiatives to enhance SME support and operational efficiency. His appointment is key to the bank's "future-ready" transformation agenda, focusing on sustainable growth and credit fundamentals. • Institutional Context: SDB bank is a licensed specialized bank regulated by the Central Bank of Sri Lanka, operating via 94 branches with a primary focus on the SME, retail, and co-operative sectors.
## Devika Ellepola Appointed to Alliance Finance Board 📈
Alliance Finance Company PLC has officially appointed Devika Ellepola as a Non-Independent Non-Executive Director, bringing extensive expertise in regulation and commercial leadership to the board. • Professional Background: A seasoned leader with over 25 years of experience in the aviation industry. She previously served as Head of Passenger Sales for Emirates Airline (Sri Lanka) from 1998 to 2025. • Core Competencies: • Holds an LLB from the University of Colombo (2004), specializing in policy interpretation and ethical decision-making. • Expert in data-driven pricing, yield management, and digital transformation within the logistics and commerce sectors. • Recognized for leadership with the WIM Top 50 (2021) and CEO Global Businesswomen Award (2025). • Current Engagements: Currently serves as an aviation consultant and Independent Wealth Planner at AIA Insurance, contributing to governance and risk strategy. • Strategic Impact: Her appointment is expected to strengthen the firm’s regulatory oversight and customer strategy through her multi-sectoral experience in finance and transportation.
Janashakthi Life Strengthens Executive Team with Key Leadership Appointments 📈
• Insurance Sector Update: Janashakthi Life has announced two major appointments to its executive leadership team to drive business growth and digital transformation. • Strategic Hires: • Namalee A. Silva: Appointed as Chief Business Officer. She brings over 36 years of experience in Banking, Finance, and Insurance, having previously served in senior roles at Sri Lanka Insurance Corporation and major local and UK banks. • Shankar Dharmaratne: Appointed as Chief Digital Officer. With 25+ years in Banking, Telecommunications, and Technology, he formerly led digital services at Hatton National Bank and contributed to Central Bank of Sri Lanka digital initiatives. • Business Impact: These appointments are aimed at accelerating market presence and fostering innovation within the evolving insurance landscape. The move signals a strong focus on digital strategy and operational excellence to enhance customer experience. • National Context: The strengthening of leadership in the Financial Services sector reflects ongoing efforts toward digital integration and professional diversification within Sri Lanka's corporate landscape.
### DIMO Strengthens Board with Strategic Leadership Appointments 📈
Diesel and Motor Engineering PLC (DIMO) has announced the appointment of Dilrukshi Kurukulasuriya and Rumal Fernando to its Board of Directors, effective immediately, to enhance governance and strategic oversight. • New Appointments Dilrukshi Kurukulasuriya: Re-appointed as Executive Director. An Attorney-at-Law with over 25 years of experience, she previously served on the Board until December 2025. Her expertise lies in corporate leadership, human resources, and organizational transformation. Rumal Fernando: Appointed as Independent Non-Executive Director. A specialist in supply chain and logistics with over 25 years of experience at Unilever Sri Lanka. She currently serves on the board of Hayleys PLC and chairs Women in Logistics and Transport (WiLAT) Sri Lanka. • Governance & Compliance Kurukulasuriya’s brief resignation in late 2025 was a strategic move to ensure compliance with CSE Listing Rule No. 9.8.2 regarding board balance. The appointments bring a strong focus on diversity, equity, and inclusion (DEI) and skill development, aligning with national efforts to strengthen the talent pipeline in technical sectors. • Sector Impact The move reinforces DIMO’s leadership in the mobility, agriculture, and engineering sectors by integrating high-level expertise in international trade, logistics, and inclusive culture management.
Karnjote Singh Appointed to Commercial Credit and Finance Board 📈
Commercial Credit and Finance PLC has announced the appointment of Karnjote Singh as a Non-Independent Non-Executive Director, effective January 14, 2026. • Strategic Expertise: Singh brings over 11 years of experience in financial restructuring, business analysis, and operational turnaround, strengthening the board's oversight in risk management and corporate governance. • Global Leadership: He currently serves as a Director in the Global Restructuring practice at Kroll (Singapore) and Co-Heads their India Desk. • Professional Background: • Director, Restructuring at Kroll (2024) • Vice President, Special Credit Unit at HSBC (2021) • Head of Restructuring Services at Deloitte Qatar (2020) • Senior Associate at Ernst & Young (EY) (2011) • Qualifications: Holds a Bachelor of Accountancy from Nanyang Business School and is a Licensed Insolvency Practitioner in Singapore. This appointment aligns with the banking and financial services sector's focus on integrating international expertise to navigate complex credit environments.
Karnjote Singh Appointed to Commercial Credit and Finance Board 📈
Commercial Credit and Finance PLC has announced the appointment of Karnjote Singh as a Non-Independent Non-Executive Director, effective January 14, 2026. • Strategic Expertise: Singh brings over 11 years of experience in financial restructuring, business analysis, and operational turnaround, strengthening the board's oversight in risk management and corporate governance. • Global Leadership: He currently serves as a Director in the Global Restructuring practice at Kroll (Singapore) and Co-Heads their India Desk. • Professional Background: • Director, Restructuring at Kroll (2024) • Vice President, Special Credit Unit at HSBC (2021) • Head of Restructuring Services at Deloitte Qatar (2020) • Senior Associate at Ernst & Young (EY) (2011) • Qualifications: Holds a Bachelor of Accountancy from Nanyang Business School and is a Licensed Insolvency Practitioner in Singapore. This appointment aligns with the banking and financial services sector's focus on integrating international expertise to navigate complex credit environments.
Sujeewa Ranawaka Joins HDFC Bank Board 📈
HDFC Bank has announced the appointment of Eng. Sujeewa Ranawaka as a Non-Executive, Non-Independent Director to its Board, effective January 2026. • Profile & Expertise: A Chartered Civil Engineer with 30 years of experience in infrastructure development, coastal resource management, and public-sector administration. • Current Role: Serves as the Director General (Housing and Construction) at the Ministry of Housing, Construction, and Water Supply. • Professional Background: • Special Grade senior officer of the Sri Lanka Engineering Service (SLES). • Former Director General of the Coast Conservation and Coastal Resource Management Department. • Holds an MSc in Marine Technology from NTNU, Norway, and a BSc (Hons) in Engineering from the University of Moratuwa. • Strategic Value: Brings extensive expertise in project governance, FIDIC-based contract administration, and policy formulation. His leadership is expected to strengthen HDFC’s alignment with national housing and sustainable urban development goals. • Global Representation: Represented Sri Lanka in 25+ international forums, including those hosted by the World Bank and ADB, focusing on climate resilience and environmental governance.
Hashan Haputhanthri Appointed CMO of Remarko Bakers and Caterers 📈
• Executive Move: Remarko Bakers and Caterers Ltd. has appointed Hashan Haputhanthri as Chief Marketing Officer (CMO) to drive its next phase of growth. Haputhanthri is a veteran with over 30 years of experience in FMCG, Food & Beverages, and Strategic Transformation. • Strategic Focus: The appointment aims to strengthen the company’s transition into a governance-led, sustainable brand. Key priorities include: • Developing a scalable franchise model across Sri Lanka. • Implementing research-led brand turnaround strategies. • Enhancing brand consistency and customer experience. • National Context: As a rapidly growing player in the Food Service sector, Remarko's move to hire a turnaround specialist signals a shift from rapid expansion to building a resilient, performance-driven brand ecosystem. This focus on structured growth is vital for the sustainability of local franchise operations. • Career Highlights: Known for converting underperforming businesses into market leaders, Haputhanthri has held leadership roles in sectors including Telecommunications and Automobiles. He is also the author of 'Travis Brandsology', Asia's first brand philosophy. • Goal: To evolve the brand beyond traditional growth models into a future-ready Sri Lankan entity balancing profitability with quality and compliance.
Rajitha Basnayake Appointed to Cargills Bank Board 📈
Cargills Bank has announced the appointment of Rajitha Basnayake as an Independent Non-Executive Director to its Board, effective January 2026. This move highlights the bank's focus on strengthening its ICT and Digital Transformation governance to support long-term business strategies. • Expertise & Background: Basnayake is a veteran Information Technology professional and management consultant with over 35 years of experience. His career spans leadership in mission-critical ICT and business process transformation across diverse sectors, including Financial Services, FMCG, and Retail. • Key Professional Highlights: • Previously served as a Senior Independent Director at Asia Asset Finance PLC. • Former Director of Advisory Services at Ernst and Young Sri Lanka, providing ICT and business consultancy for major public and private projects. • Held senior management roles at Asia Capital Group (CIO), The Lion Brewery, and Richard Pieris Distributors. • Academic Credentials: He holds a Master’s in IT from Keele University (UK) and is a Chartered Member of the British Computer Society. This appointment comes as Cargills Bank continues its growth trajectory, recently reporting a 97% YoY increase in Profit After Tax (Rs. 313 Mn) for 9M 2025 and moving forward with a Rs. 2.5 Bn rights issue to fuel its lending expansion.
📈 Tech Veteran Shanil Fernando Joins NDB Bank Board
National Development Bank PLC (NDB) has announced the appointment of global tech leader Shanil Fernando as an Independent, Non-Executive Director to its Board, effective January 2026. This move highlights the banking sector's increasing focus on digital transformation and AI integration. • Professional Profile & Expertise - Over 25 years of global IT industry experience in scaling technology ventures. - Founding member of Virtusa Corporation (NASDAQ: VRTU), previously serving as CTO and VP. - Co-founder of Sysco LABS, the innovation hub for Fortune 100 giant Sysco (NYSE: SYY). - Current Chief Technology and AI Officer at Silicon Valley-based Cut+Dry, managing over US$ 10 Bn in GMV. • Strategic Value to Banking Sector - Deep expertise in ICT/BPM, AI, and global engineering operations. - Expected to drive NDB’s technological evolution, enhancing digital banking and operational efficiency. - Brings significant experience in real estate and property development through Fernando Ventures Ltd. • Key Industry Affiliations - Independent Non-Executive Director at John Keells Food Products PLC. - Former board member of SLASSCOM and former Secretary of the American Chamber of Commerce in Sri Lanka. - Awarded ICT Leader of the Year (2016) for his role in shaping the local tech landscape.
## Vasee Nesiah Appointed as CEO of KBSL Information Technologies 📈
Sri Lankan ICT pioneer KBSL Information Technologies, a subsidiary of the Agility Innovation Group, has announced the appointment of industry veteran Vasee Nesiah as its new Chief Executive Officer. • Leadership Transition: Nesiah steps down from his previous role as KBSL Chairman to lead a new senior management team, focusing on scaling business impact and customer engagement. • Expertise & Background: Bringing over 30 years of international experience across Singapore, North America, and Australia, Nesiah holds a Master’s in Communications Management from USC. • Sector Focus: Under his leadership, KBSL aims to integrate Artificial Intelligence (AI) and emerging technologies into its Systems Integration and Digital Transformation solutions. • Strategic Priorities: Key objectives include strengthening the partner ecosystem, empowering talent development, and driving innovation to support Sri Lanka’s national digital infrastructure. • Organizational Context: Founded in 1987, KBSL is a cornerstone of the local ICT/BPM sector. Its parent entity, Agility Innovation Group, employs over 700 professionals globally across sectors including Government, Defense, BFSI, and Telecommunications. KBSL remains a critical player in fostering enterprise resilience as Sri Lanka accelerates its digital journey.
## AgriOne Solutions Bolsters Board with Industry Veteran 📈
AgriOne Solutions (Pvt) Ltd, a subsidiary of Asia Siyaka Commodities PLC, has appointed Pasad Weerasekera to its Board of Directors to drive strategic growth in the agri-input sector. • Executive Profile: Weerasekera brings over 33 years of experience, having held senior leadership roles at CIC Agri Business and AgStar PLC. He is a Fellow of CIMA (UK) and holds multiple international accounting designations. • Strategic Focus: The appointment aims to strengthen the company’s market execution and long-term value creation within the agricultural value chain. • Company Mission: AgriOne Solutions—jointly owned by Asia Siyaka and Andaradeniya Tea Estates—focuses on enhancing crop productivity and farmer resilience. The move signals a push for deeper integration in the tea and agri-input marketing sectors. • Sector Impact: The appointment is expected to leverage Weerasekera's expertise to improve outcomes for farming communities through sustainable business practices.
## Cinnamon Hotels CEO Hishan Singhawansa Joins JKH Group Hotel Boards 🏨
• New Appointments: Hishan Singhawansa, CEO of Cinnamon Hotels & Resorts, has been appointed as a Non-Independent Non-Executive Director to the boards of Trans Asia Hotels PLC and Asian Hotels and Properties PLC. • Strategic Oversight: These entities operate the Group's flagship Colombo properties, Cinnamon Grand and Cinnamon Lakeside. Singhawansa already serves as an Executive Vice President at John Keells Group and a Board Member of John Keells Hotels PLC. • Experience & Background: A 17-year veteran of JKH, Singhawansa holds an Engineering degree from the University of Moratuwa and an MBA from the University of Wales. He transitioned to the Leisure sector in 2017 after a decade in Retail operations. • Key Projects: He is currently leading the brand through a major expansion phase, most notably the Cinnamon Life integrated resort—a US$ 1.2 Bn project representing Sri Lanka’s largest private-sector investment. • Sector Representation: Beyond corporate roles, he serves on the boards of the Sri Lanka Convention Bureau and The Hotels Association of Sri Lanka (THASL), focusing on positioning Colombo as a top MICE (Meetings, Incentives, Conferences, and Exhibitions) and leisure hub.
Dr. Parakrama Dissanayake Appointed Presidential Adviser on Maritime & Logistics ⚓
President Anura Kumara Dissanayake has appointed Dr. Mahinda Parakrama Dissanayake as the Adviser to the President on Maritime, Ports and Logistics with immediate effect. The appointment is on an honorary basis to support the national objective of positioning Sri Lanka as a global logistics hub. • Current Leadership: Dr. Dissanayake serves as the Deputy Chairman and Managing Director of Aitken Spence PLC. • Government & Public Sector Experience: He previously served as Secretary to the Ministry of Ports and Shipping and has twice chaired the Sri Lanka Ports Authority (SLPA). • Strategic Oversight: His experience includes leadership roles at the Jaya Container Terminal, Hambantota International Port Services, and board positions at SAGT and CICT. • Global Credentials: He was the first non-British International President of the Institute of Chartered Shipbrokers (UK) and has served as a shipping expert for UNCTAD. The appointment aims to leverage Sri Lanka's strategic geographical location to drive economic growth through the maritime and logistics sectors, which are vital for employment and foreign exchange earnings.
📈 CSSL Appoints 2026 Council Amid 50th Anniversary Milestone
The Computer Society of Sri Lanka (CSSL), the apex body for the ICT/BPM sector, transitioned to its new leadership for 2026 during its 37th AGM. The appointment coincides with the society’s Golden Jubilee, marking 50 years of driving Sri Lanka’s digital transformation. • New Leadership: The 2026 Council is led by President L.G. Heshan Karunaratne, supported by Vice President Indika De Zoysa and Secretary Udesh I.W. Seneviratne. The team includes experts in software engineering, AI, cybersecurity, and digital governance. • Key Achievements & Growth: • Membership: Welcomed nearly 200 new members (professional, associate, and student) in the past year. • Flagship Events: The 43rd National Information Technology Conference (NITC) achieved a record 2,000+ professional engagements. • Youth Development: Launched the 6th GenZ chapter (ESU), focusing on nurturing future-ready ICT talent. • Strategic Initiatives: • Legal-Tech Synergy: Signed an MoU with the Bar Association of Sri Lanka and hosted the "Law in the Digital Pulse" conference to bridge technology and legal frameworks. • Infrastructure: Opened a refurbished Secretariat to support governance and professional delivery. • Vision: The council aims to advance "Society 5.0," focusing on human-centric technology to boost national productivity and quality of life. The 2026 Council is positioned to lead Sri Lanka’s ICT community through a defining year of reflection and digital expansion.
Sri Lankan-Born Astrophysicist Dr. Ray Jayawardhana Appointed 10th President of Caltech 🎓
• The Appointment: Dr. Ray Jayawardhana has been named the 10th President of the California Institute of Technology (Caltech), effective July 1, 2026. He is the first Sri Lankan-born academic to lead the prestigious 105-year-old institution. • Professional Background: He currently serves as the Provost of Johns Hopkins University, overseeing 10 schools and key initiatives like the Data Science and AI Institute. His leadership has been central to interdisciplinary research and global academic outreach. • Scientific Achievement: A world-renowned astrophysicist, Dr. Jayawardhana specializes in exoplanets and star formation. He has co-authored 180+ refereed papers with over 10,000 citations. He is a core team member for the James Webb Space Telescope’s NIRISS instrument. • Sri Lankan Roots: His interest in space began in his childhood in Sri Lanka, fueled by stargazing with his father. He has since become a major voice in science communication, authoring several books including Strange New Worlds and Neutrino Hunters. • Economic & Global Impact: This high-profile appointment highlights the global reach of the Sri Lankan diaspora in ICT/BPM, Science, and Education sectors, reinforcing the country's potential for high-level intellectual exports. 📈 • Vision for Caltech: Jayawardhana plans to focus on bold investments in the Jet Propulsion Laboratory (JPL), global observatories, and expanding public engagement with science.
Late Lakshman Balasuriya: A Legacy of Integrity in Finance 📈
The Sri Lankan financial community mourns the passing of Lakshman Balasuriya, the long-standing leader of Senkadagala Finance PLC. Known for his humility and ethical leadership, his career spanned over four decades in the non-banking financial institution (NBFI) sector. • Professional Legacy: Served as Managing Director and CEO of Senkadagala Finance PLC from 1981 until 2024. Following his retirement as MD upon reaching age 70, he continued to serve as CEO until his demise in December 2025. • Sector Impact: Under his visionary leadership, the institution grew into one of Sri Lanka’s largest licensed finance companies, expanding to a network of 110 branches across all nine provinces. • Financial Stewardship: Managed a diverse portfolio including leasing, pawn brokering, and deposit mobilization. As of his passing, he held a significant interest of over 5.9 million ordinary voting shares in the company. • Corporate Values: Renowned for a "policy-first" approach, he advocated for professional dignity in the finance and banking industry, eschewing personal security and material displays of wealth despite his high-ranking status. • Personal Influence: Recognized by peers and family as a "true gentleman" who prioritized privacy, humility, and mentorship, profoundly impacting the next generation of leaders in Sri Lanka’s financial services sector.
🇱🇰 Thilan Rangana Represents Sri Lanka at Laureus World Sports Awards Nominations!
• Thilan Rangana, Chairperson of SPORTSINFO and a National Sports Promoter, has been selected for the 11th consecutive year to represent Sri Lanka on the Laureus World Sports Awards nominations panel. • The Laureus World Sports Awards celebrate outstanding sporting achievements from the previous calendar year. A panel of global sports editors, writers, and broadcasters creates a shortlist of six nominations across five categories, with winners then chosen by the Laureus World Sports Academy via secret ballot. • The ballot for the 2025 achievements was held between December 10-19, 2025, to create a global list of nominees. The winners for the 25th anniversary awards will be announced in April 2026, following the 2025 ceremony in Madrid. • Laureus also drives the 'Sport for Good' movement, supporting over 100 projects in 35 countries, including Sri Lanka, to use sport as a tool against violence, discrimination, and disadvantage. • SPORTSINFO, founded by Thilan Rangana in 2014, is a presidential award-winning sports promotion company in Sri Lanka. It's behind initiatives like the 'SILK Sports Awards,' 'SPORTEX,' and 'Schools Sports Awards,' which have become leading sports brands in the country.
🏏 Shanaka Returns as Sri Lanka's T20I Captain for World Cup
• Dasun Shanaka has been re-appointed as Sri Lanka's T20I captain, replacing Charith Asalanka. The appointment is effective immediately and extends until the 2026 T20 World Cup. • The decision was made by the new selection committee, headed by Pramodya Wickramasinghe, in consultation with head coach Sanath Jayasuriya. • Asalanka was removed from the captaincy to allow him to focus on his batting form in T20Is, as he is considered more crucial as a batsman. Shanaka previously led the team during a T20I Tri-Series in Pakistan when Asalanka was unwell. • Sri Lanka has also named a preliminary squad of 25 players for the upcoming T20 World Cup, co-hosted by India and Sri Lanka in February-March. • This squad, initially selected by the previous committee, will be used for the preparatory T20I series against Pakistan and England, and will be pruned down closer to the World Cup. Key players include Dasun Shanaka (captain), Pathum Nissanka, Kusal Mendis, Charith Asalanka, and Wanindu Hasaranga.
📈 Sri Lanka's Rubber Sector Leadership Reaffirmed
• Pushpika Janadheera, Dipped Products PLC MD, has been reappointed as Chairman of the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) at its 15th AGM. • SLAMERP is a crucial body for Sri Lanka's value-added rubber products sector, which contributes US$ 1 billion in export earnings and aims to strengthen the country's global position. • Under Janadheera's previous leadership, SLAMERP actively addressed challenges, including advocating for government engagement on US tariffs on Sri Lankan rubber imports and raising concerns over the proposed removal of the SVAT scheme. • The association focuses on strengthening local supply chains, increasing raw rubber production, uplifting smallholder communities, and expanding market access in line with Sri Lanka’s 2030 roadmap. • Proposed office bearers for 2026-2027 include Dr. Eng. Sisira Ranatunga as Director General, Chinthaka Wegapitiya as Vice Chairman, Channa De Silva as Secretary, and Palika Chandrajeewa as Treasurer.
LOLC General Insurance Appoints New Non-Executive Director 📈
• Dulip Samaraweera has been appointed as a Non-Executive Director to the Board of LOLC General Insurance PLC. • He brings over two decades of experience in the financial services sector, specializing in financial management, strategic planning, investments, and acquisitions. • Samaraweera commenced his career in 2004 and joined the LOLC Group in 2007, where he has been instrumental in the global business expansion of the Group, particularly in banking and financial services. • He currently holds multiple board positions across various companies within the LOLC Group's international footprint, spanning regulated financial institutions and non-financial services entities. • He holds a Bachelor of Science degree in Physical Sciences from the University of Sri Jayewardenepura.
📈 People's Insurance PLC Appoints Veteran Banker Chandana Guniyangoda as Chairman
People's Insurance PLC has announced the appointment of Chandana Guniyangoda as its new Chairman. • Guniyangoda is a highly accomplished finance professional with over 27 years of experience, including 19 years in commercial banking. • He holds dual Fellowships from the Institute of Chartered Accountants of Sri Lanka (FCA) and the Institute of Certified Management Accountants of Sri Lanka (FCMA). • His extensive academic background includes an MBA in Banking and Finance (PIM), an MA in Financial Economics (University of Colombo), and a BSc in Business Administration. • He has held strategic roles at NDB Bank PLC (Assistant Vice President – Finance, Strategic Planning) and Sampath Bank PLC (ALCO Officer, Senior Executive Finance and Planning), and was part of a world champion team in Asset and Liability Management. • Guniyangoda's expertise spans Finance, Strategic Planning, Business Transformation, Cost Optimisation, and Risk Management. • Currently, he also serves as Group Chief Financial Officer (GCFO) of MG Group of Companies, Board Member at New Vithanakande Tea Factory Ltd., Non-Executive Chairman of CCPI Management Holdings Ltd., and a Non-Executive Senior Director at People's Bank. • He recently provided expert guidance for the restructuring of international setups in the country’s agriculture and plantation sectors for the World Bank and Ministry of Agriculture.
📰 Corporate Update: Jude Fernando Appointed New Group CEO at Melstacorp
• Jude Fernando has been appointed the new Group CEO of Melstacorp. • He brings over 32 years of senior leadership experience, particularly in Finance, Supply Chain Management, Sales & Marketing, and International Marketing. • His extensive background includes previous roles as Director/CEO of Janashakthi Insurance PLC and Kotmale Holdings PLC, and Managing Director of Hemas Pharmaceuticals Ltd. and Hemas Surgical and Diagnostics Ltd. He also served as Executive Director – Sales & Marketing for Cargills FMCG Brands. • Fernando is an accountant by profession, holding an MBA from the University of Wales and is a Fellow Member of CIMA (UK) and ACCA (UK). • He has also completed Executive Leadership Development Programmes at the Stanford Graduate School of Business and INSEAD.
Myland Developments Appoints Dr. Damindra Dissabandara as Executive Director 🏢
• Myland Developments PLC has appointed Dr. Damindra Ranjan Dissabandara as an Executive Director to its Board. • Dr. Dissabandara is a seasoned business leader with over 25 years of experience spanning corporate leadership, academia, and consultancy. • Qualifications: Holds a DBA (Kelaniya), an MBA in Finance (Colombo), and a Bachelor of Commerce (Sri Jayewardenepura). • Key Experience: He currently serves as the CEO of Colombo City Holdings PLC and previously held General Manager roles at Nivasie Developers Ltd. and Uga Escapes, along with MD at Finex Engineering Ltd. • His extensive background covers strategic growth, operational excellence, and leadership, particularly in the real estate development and hospitality sectors. • Earlier in his career, he also contributed to the National Development Bank and the United Nations (UNFPA).
🇱🇰 Hemas Holdings Announces Major Board Leadership Transition
• Ajith Fernando will assume the role of Chairman of Hemas Holdings PLC, effective 1st January 2026. He is a veteran in investment banking with over 30 years of experience. • Husein Esufally, who led Hemas for over four decades as CEO and Chairman, will retire from the Board on 31st December 2025. • Murtaza Esufally, currently Chairman of the Healthcare cluster, has been appointed Deputy Chairman, effective 1st January 2026. • Deputy Chairman Dr. Anura Ekanayake will also retire on 31st December 2025 upon completion of his term. • The transition is aimed at ensuring a seamless handover and strengthening leadership for the Group's next phase of growth and innovation.
🏦 SDB bank Appoints Aruna Jayasekera as New CHRO
• SDB bank has announced the appointment of seasoned professional Aruna Jayasekera as its new Chief Human Resources Officer (CHRO). • This strategic move aims to accelerate the bank’s transformation journey, elevate organisational standards, and strengthen its people agenda and Employee Value Proposition (EVP). • Jayasekera brings multi-sector experience from key roles across legal, marketing, manufacturing, banking (Group CHRO at Sampath Bank), telecommunications (Chief People Officer at Sri Lanka Telecom), pharmaceuticals, and agriculture (Group Head of HR at CIC Holdings PLC). • He is an Attorney-at-Law and a Fellow Member of CIPM. Notably, he was the youngest recipient of the prestigious HR Gold Medal – Most Outstanding HR Professional of the Year 2007. • His focus at SDB bank will be on developing a strategic HR roadmap, driving performance transformation, strengthening culture, and fostering a future-ready leadership pipeline. • Beyond corporate life, he is a former international rugby referee and currently serves as a Judicial Officer for World Rugby.
Banking Veteran Chandana Dissanayake Joins SDB Board 🏦
Sanasa Development Bank PLC (SDB) has appointed Chandana Dissanayake as an Independent Non-Executive Director. • Dissanayake brings over 40 years of experience in the Banking and Non-Banking Financial Sector (NBFS). • His core expertise covers Corporate, Commercial, and Retail Lending, alongside Credit Risk Management in Sri Lanka, UAE, and Oman. • He held senior roles including Vice President/Associate Director at National Bank of Abu Dhabi and Credit Manager at HSBC Bank Middle East. • Locally, he served as Head of Credit at Union Bank of Colombo and was an Executive Director at Assetline Leasing Company Ltd. (2017-2020), where he developed their non-automotive business. • He is an Associate Member of the Chartered Institute of Bankers UK.
📈 ICT Leadership: KBSL Appoints New Chief Sales Officer (CSO)
• KBSL Information Technologies, a long-standing systems integrator, has appointed Pramukh Jayawardena as its new Chief Sales Officer (CSO) to steer its next phase of growth. • The appointment reflects a strategy to strengthen leadership for expansion focused on technology excellence, customer value, and deepening expertise in cloud platforms and digital transformation. • Jayawardena brings over 16 years of experience from leading tech firms including WSO2 (where he led SAARC sales), Millennium IT ESP, and Dialog Enterprise, known for building high-performing teams. • His strategic roadmap for KBSL emphasizes transforming sales into a consultative partnership, aligning technology (like AI, automation, and cloud-native platforms) with measurable customer business outcomes. • As a leading force in Sri Lanka’s ICT/BPM landscape, KBSL is positioned to further power enterprise resilience and national infrastructure advancement through integrated technology services.
📈 Gayani de Alwis Secures Second Term as WCIC Chairperson
• The Women’s Chamber of Industry and Commerce (WCIC) held its 40th Annual General Meeting (AGM), confirming Gayani de Alwis for her second term as Chairperson (2025/2026). • WCIC Vision: De Alwis committed to reinforcing the WCIC as the 'think tank' voice and 'platform' empowering women entrepreneurs to be powerful nation builders, actively participating in transforming economic growth. • Key Initiatives: The National Chamber for Women in Business championed three flagship properties in the past year: WCIC Prathibhabisheka: Recognising outstanding women entrepreneurs nationally and across the SAARC region. WCIC Women Leadership Forum: Deliberating on pertinent topics for women in business. WCIC RampUp: Providing a platform for fashion entrepreneurs to showcase products and become export ready. • Economic Insight: Chief Guest Mano Sekaram (99x Founder) emphasised that SMEs are essential for creating job opportunities, and encouraged more Start-ups as market disruptors to further grow the country’s economy. • A new Board of Management for the 2025/2026 period was also appointed at the AGM.
OPA Centre Management Committee 2025/2026 holds Inaugural Meeting 🤝
The Centre Management Committee of the Organisation of Professional Associations (OPA) held its first meeting following the election of office bearers for the 2025/2026 term. • The OPA remains the apex body for 52 professional associations, representing 34 professions and over 60,000 members nationally. • Key Office Bearers for 2025/2026: • President: Jayantha Gallehewa • President-Elect: Tisara De Silva • General Secretary: Eng. Ravi Rupasinghe • Treasurer: Dharshana Wijemanne • Strategic Focus: The new Committee will concentrate on strengthening the voice and influence of professionals in national development, while also promoting continuous learning, leadership excellence, and professional growth.
Lanka Hospitals Board Appoints Top Obstetrician & Gynaecologist 🩺
• Lanka Hospitals Corporation PLC has appointed Dr. U.D.P. Ratnasiri to its Board as an Independent Non-Executive Director. • Dr. Ratnasiri is a distinguished Consultant Obstetrician and Gynaecologist with over 32 years of experience in high-volume tertiary hospitals in Sri Lanka and the UK. • His appointment strengthens the hospital's expertise in healthcare, highlighting his clinical excellence in managing complex obstetric conditions and pioneering surgical interventions. • Dr. Ratnasiri has significant international recognition, having served as past Chairperson of the RCOG International Representative Committee and holding advisory roles in major regional obstetrics and gynaecology federations.
📈 DIMO Board Gains Veteran Apparel Leader
• Diesel & Motor Engineering PLC (DIMO) has appointed Natasha Boralessa as an Independent Non-Executive Director, effective 1 December 2025. • Boralessa brings over 25 years of senior leadership experience, primarily within the apparel manufacturing sector. • Most recently, she served as a Director at Brandix Apparel Ltd., overseeing ESG, governance, legal, and risk management functions across operations in Sri Lanka, India, and Bangladesh. • She currently also serves as an Independent Non-Executive Director on the Boards of BPPL Holdings PLC and Ceylinco Life Insurance Ltd. • She is a member of the Chartered Institute of Management Accountants (UK) and holds the CGMA designation.
📈 Apparel Veteran Dinesh de Silva Joins PMF Finance Board
• PMF Finance has appointed Dinesh de Silva as an Independent Non-Executive Director, leveraging his 30+ years of distinguished leadership experience in transforming large enterprises. • De Silva is a veteran of the apparel & textiles sector, having held multiple senior executive and board-level positions within MAS Holdings. • Key roles include Group Director of Lean Enterprise and CEO of Bodyline Ltd. & Intimate Fashions India Ltd., where he managed over 11,500 employees and an annual turnover exceeding US$ 200 Million. • Under his leadership as CEO, the organization diversified its portfolio to global brands (Victoria’s Secret, Nike, lululemon), generating over US$ 80 Million in new revenue within four years and improving efficiency by 20%. • He also serves as a Director at MAS Holdings and a Board member of MAS Legato Ltd., the BPO arm of the conglomerate. • His expertise spans strategy, finance, operations, innovation, and governance, adding significant strategic depth to PMF's Board.
SLT Board Appointments: Key Treasury & Global Telecom Expertise Added 🤝
• Sri Lanka Telecom PLC (SLT) announced two new appointments to its Board of Directors. • A.N. Hapugala is appointed Non-Independent Non-Executive Director. He currently serves as the Deputy Secretary to the Treasury and brings over three decades of public sector experience, including 20 years at the Treasury. • Raghvendra Madhav joins as an Independent Non-Executive Director. He brings deep international expertise from management consulting (PwC) and senior executive roles in the telecom and media sectors (e.g., Director South Asia and CEO of AOL). • Hapugala holds qualifications including a Master’s degree in Financial Economics and is a Chartered Public Finance Accountant (CPFA), while Madhav is a Chartered Accountant and a Harvard Advanced Management Program graduate.
Warren Buffett Retiring as Berkshire CEO After 60+ Years 📈
• Value investing icon Warren Buffett (95) will step down as CEO of Berkshire Hathaway on 31 December 2025, ending a leadership tenure spanning more than 60 years. • Vice-Chairman Greg Abel is set to assume the CEO role on 1 January 2026. Buffett will stay on as the company's Board Chairman. • Buffett built the company into a US conglomerate now valued at approximately US$ 880 Bn, with major holdings in insurance, rail, utilities, energy, retail, and manufacturing. • Berkshire Hathaway holds a massive corporate cash reserve of roughly US$ 382 Bn, the largest corporate cash position in the US. • Apple Inc. remains the company’s biggest equity holding despite recent reductions. • The "Oracle of Omaha's" lifetime charitable giving has surpassed US$ 60 Bn.
🌴 Plantation Sector News: New Leadership at Namunukula
• Saman Doranegama has been appointed the new Chief Executive Officer (CEO) of Namunukula Plantations PLC. • He brings over 30 years of extensive experience in the plantation industry and estate management, starting his career in 1986. • Dual Role: Doranegama will take on the Namunukula role as Acting CEO in addition to his current position as CEO of Kegalle Plantations PLC. • His experience includes serving as Group Manager, General Manager, and Director of Operations at various estates, showcasing deep sector knowledge.
UB Finance PLC Appoints Veteran Sabry Ghouse as New Chairman 🏦
• UB Finance PLC has announced the appointment of veteran banker Sabry Ghouse as Chairman of the Board of Directors, effective 6 November. • Ghouse has served on the UB Finance Board as Senior Director since November 2021. • He brings over 30 years of extensive experience in Retail Banking and SME, operations, and strategy from leading international banks across Sri Lanka, the Middle East, and ASEAN. • Notably, he was recognized for his impactful work in enhancing Malaysia’s SME sector and played a critical role in setting up the SME unit and Retail Banking for Al Rajhi Bank Malaysia. • His local experience includes serving as a former Deputy Chairman of Union Bank of Colombo PLC and a former Director of the Credit Information Bureau (CRIB). He was also recently appointed as an Independent, Non-Executive Director at People’s Bank.
Myland Developments PLC strengthens Board with three senior appointments 💼
Myland Developments PLC has appointed three new Directors, adding significant expertise across financial services, banking, and diversified management to its Board. • Savanth Sebastian (Independent Non-Executive Director): Appointed, bringing 21 years of experience in economics, financial services, and investment management, including extensive experience as a Senior Economist at Commonwealth Bank, Australia. He holds key directorships at several companies, including Ambeon Group entities. • Ravi Goonetilleke (Independent Non-Executive Director): A seasoned banker with over 30 years of experience, notably a 26-year tenure at Deutsche Bank AG, Colombo, specializing in Cash Management, Custody, and Trade. He currently serves as Chairman of Taprobane Investments Ltd. and Director at Ambeon Group entities. • Dr. Kanchana Narangoda (Executive Director): Appointed while serving as Group CEO/Executive Director of Ambeon Holdings PLC and Ambeon Capital PLC. His background covers senior executive roles in sectors including ICT/BPM (Millennium IT ESP), manufacturing (Dankotuwa Porcelain), and Healthcare facility development (Hemas, Brown & Co.).
InsureMe Bolsters Board for Next Growth Phase & Regional Push 📈
• Strategic Appointments: InsureMe, Sri Lanka’s first end-to-end digital insurance aggregator, has appointed two new Non-Executive Independent Directors: Sagara Gamage and Randeewa Malalasoriya, to significantly enhance corporate governance and strategic oversight. • New Expertise: • Sagara Gamage: Brings over 20 years of experience in finance, governance, and operational transformation across the Middle East and South Asia. He is a Fellow of ACCA (UK) and CA Sri Lanka. • Randeewa Malalasoriya: Offers 20+ years of leadership, particularly in export agriculture, manufacturing, and sustainability, currently serving as CEO of the CBL Natural Foods Cluster. • Growth & Digital Focus: These appointments are crucial as InsureMe prepares for its next growth phase, aiming to scale its technology and expand its regional presence. The company, licensed by IRCSL since 2016, continues to lead the digital transformation of insurance. • Regional Expansion: InsureMe's technology arm, DIGIS (developer of platforms like DIGIEYE for automated claims), has already achieved an international deployment in Singapore, signaling a clear regional growth trajectory.
📰 SLIC General Appoints Dr. Sameera Dharmasena as New CEO
• Sri Lanka Insurance Corporation General Limited (SLIC General) has announced the appointment of Dr. Sameera Dharmasena as the new Chief Executive Officer, effective 1 October. • Dr. Dharmasena brings over two decades of leadership experience in the insurance industry, with a strong background in strategic transformation, operational excellence, and innovation. • His diverse professional experience includes senior executive roles at subsidiaries of leading conglomerates, a tenure at Allianz Life Insurance Lanka, and he previously served as President of the Sri Lanka Insurance Institute. • He holds an impressive academic record, including a PhD in Business Management and is a Fellow Member of the Chartered Insurance Institute (FCII), UK, and a Chartered Insurer. • Dr. Dharmasena's appointment is set to strengthen SLIC General’s market leadership and drive professionalism and long-term growth in the national insurance sector.
InsureMe Bolsters Board for Next Growth Phase & Regional Push 📈
• Strategic Appointments: InsureMe, Sri Lanka’s first end-to-end digital insurance aggregator, has appointed two new Non-Executive Independent Directors: Sagara Gamage and Randeewa Malalasoriya, to significantly enhance corporate governance and strategic oversight. • New Expertise: • Sagara Gamage: Brings over 20 years of experience in finance, governance, and operational transformation across the Middle East and South Asia. He is a Fellow of ACCA (UK) and CA Sri Lanka. • Randeewa Malalasoriya: Offers 20+ years of leadership, particularly in export agriculture, manufacturing, and sustainability, currently serving as CEO of the CBL Natural Foods Cluster. • Growth & Digital Focus: These appointments are crucial as InsureMe prepares for its next growth phase, aiming to scale its technology and expand its regional presence. The company, licensed by IRCSL since 2016, continues to lead the digital transformation of insurance. • Regional Expansion: InsureMe's technology arm, DIGIS (developer of platforms like DIGIEYE for automated claims), has already achieved an international deployment in Singapore, signaling a clear regional growth trajectory.
⚖️ ICT Legal Veteran Jayantha Fernando Joins LOLC Finance Board
• LOLC Finance PLC has appointed Jayantha Fernando, a senior Legal expert specializing in Telecommunications and IT Law, as a Non-Executive Independent Director. • Fernando brings nearly 30 years of experience in key tech legal areas, including Digital Transactions, Digital Payments, Data Protection, Cybercrime, and AI. • Key National Contributions: • Led the strategy to formulate and enact Sri Lanka’s Personal Data Protection Act (PDPA) No. 09 of 2022, which is the first comprehensive data privacy legislation in South Asia. • Oversaw the drafting of the Electronic Transactions Act and the Computer Crimes Act while at the ICT Agency (ICTA). • Led Sri Lanka's entry to the Budapest Cybercrime Convention, becoming the first South East Asian elected to its global Board.
Softlogic Finance Appoints Sisira Dabare as Deputy Chairman 🤝
• Softlogic Finance PLC has named Hewage Sisira Samantha Dabare, previously a Senior Independent Non-Executive Director, as its new Deputy Chairman. • The appointment has received approval from the Central Bank of Sri Lanka (CBSL). • Dabare is a veteran career banker with over 33 years of experience at Sampath Bank PLC, retiring in 2021 as the Group Chief Compliance Officer (GCCO). • His major specialization is in retail and SME lending, backed by over 20 years in branch and regional management roles across the island. • He also served as Head of Recoveries and GCCO for Sampath Bank PLC since 2017.
Co-operative Insurance Appoints New Acting MD & Principal Officer 📈
• Co-operative Insurance Company PLC has announced the appointment of Dayasumana Gamage as the Acting Managing Director and Acting Principal Officer, effective 29 October 2025. • The appointment, which was approved by the Insurance Regulatory Commission of Sri Lanka (IRCSL), fulfills a statutory requirement for the Principal Officer position. • Gamage will also continue to serve as the Vice Chairman of the Company. • He is a seasoned professional with over 35 years of distinguished service in the Cooperative sector, including a previous role as Cooperative Commissioner. • This strategic decision aims to strengthen the Company’s leadership, ensure continued regulatory compliance, sound governance, and drive sustainable growth, leveraging his deep understanding of the core Cooperative business dynamics.
CIPR Appoints Rishini Weeraratne as Ambassador for Sri Lanka 🇱🇰🤝
• The Chartered Institute of Public Relations (CIPR), the world's only Royal Chartered body for PR, has appointed Rishini Weeraratne as its new Ambassador for Sri Lanka. • Weeraratne, who is the Editor of The Sun (Daily Mirror) and Head of Social Media at Wijeya Newspapers Ltd., will take on this strategic role. • Significance: The appointment strengthens CIPR's global network and marks a significant step in expanding its presence across South Asia. • Key Focus: She will serve as a vital bridge, promoting professional standards in Public Relations, supporting local practitioners, and encouraging engagement with CIPR’s Continuing Professional Development (CPD) and accreditation programmes. • CIPR CEO noted that her leadership across the profession embodies the global standards of professionalism and integrity the Institute represents. • Weeraratne is an award-winning media professional, recognised for her expertise in journalism, digital strategy, and corporate communications, blending global experience with local impact.
🇱🇰 Eng. Ravi Rupasinghe Appointed OPA General Secretary for 2025/2026 Term 👨💼
• Eng. Ravi Rupasinghe has been appointed as the General Secretary of the Organisation of Professional Associations of Sri Lanka (OPA) for the 2025/2026 term. • The OPA is the apex body for 52 professional associations, representing over 60,000 professionals across 34 professions. • Professional Background: A Chartered Electrical Engineer with over 25 years of industry experience, he holds a BSc in Electrical Engineering and an MBA–MOT from the University of Moratuwa. • OPA Service: He has contributed to the OPA for over a decade, serving five consecutive terms as Vice President since 2018 and chairing key committees, including Career Guidance and Education & Human Resources Development. • Leadership Roles: Eng. Rupasinghe is a leading entrepreneur, serving as Chairman/MD for multiple ventures promoting technological advancement, engineering excellence, and education. He previously held key posts including President of the Engineers’ Guild of Sri Lanka (EGSL) and Vice Chairman of the Ceylon National Chamber of Industries (CNCI). • In his new capacity, he will oversee the OPA’s secretariat operations, coordinate collaboration among affiliated bodies, and drive key policy initiatives at national and international forums.
RDB Bank Appoints New Experienced Board for Financial Inclusion Drive 📈
RDB Bank announced the appointment of its new Board of Directors, effective 22 October 2025. The Board's mandate is to guide the bank towards its strategic vision of empowering entrepreneurs and advancing financial inclusion. • Leadership Focus: The newly appointed team brings together diverse expertise in finance, development, governance, and management. • Key Appointees & Expertise: • Chanura Wijetillake: Over 35 years in banking, including 14 years in Senior/Corporate Management at Commercial Bank of Ceylon PLC, where he specialised in lending and compliance. He also served as a Non-Executive Independent Director at People’s Leasing & Finance PLC. • Ranjith Kodituwakku: Over 40 years of leadership and governance experience, having served as Chief Executive Officer of People’s Bank and Chairman of institutions like the Financial Ombudsman and Lanka Financial Services Bureau.
📈 Corporate Governance Boost: Lalith Withana Joins Hunters & Co. Board
• Hunters and Company PLC has appointed Lalith Withana as a Non-Executive Independent Director. • He brings over 30 years of experience (25+ years in senior management) spanning banking, manufacturing, and trading sectors. • Key Past Roles include Group Chief Financial and Administrative Officer at SriLankan Airlines (and CEO of SriLankan Catering) and senior positions at the Brandix Group, Ceylon Tea Services Limited, and Carson Cumberbatch. • He previously served on the Boards of Bank of Ceylon and Seylan Bank PLC. • Current Roles: He is a Management Consultant at Deloitte and Founder of Agility Consulting Services Ltd. • Extensive Board Experience: He also serves on the Boards of several leading companies, including Softlogic Life Insurance PLC, HNB Finance, Commercial Development Company PLC, and Citrus Leisure PLC. • Withana is a Fellow of both CIMA (FCMA) and the Institute of Chartered Accountants of Sri Lanka (FCA), and a certified Project Management Professional (PMP).
📈 Colombo City Holdings Appoints Nelaka Haturusinha to Board
• Colombo City Holdings PLC has appointed Nelaka Haturusinha as an Independent, Non-Executive Director. • Haturusinha is a seasoned investment professional with over eight years of experience leading overseas operations and strategic investments at Striders Corporation, a Tokyo Stock Exchange-listed company. • His core expertise spans private equity, venture capital, and real estate investments across key regions including Japan, Southeast Asia, and South Asia. • He is presently the Section Head of Investment and Business at Striders Corporation, Tokyo, and holds Directorships at Omusubi Capital VCC and Striders Global Investment Ltd., Singapore. • He is noted for his abilities in deal sourcing, cross-border advisory, and building partnerships.
SLT Appoints Telecom Veteran Riyaaz Rasheed as New CEO 📰
• Sri Lanka Telecom PLC (SLT) has appointed Riyaaz Rasheed as its new Chief Executive Officer. • Rasheed brings a professional career spanning over 34 years, with 29 years dedicated to the telecommunications sector. • His extensive background includes leadership roles with subsidiaries of major multinational corporations, including Millicom, Etisalat, and CK Hutchison Group. • Key prior appointments in the sector include Acting CEO/CFO of Robi Axiata PLC (Bangladesh), and Deputy CEO roles at both Hutchison Telecommunications and Etisalat in Sri Lanka. • He also served as CFO for Celltel Lanka Ltd. and Tigo Lanka Ltd., and worked at Hayleys Group's Dipped Products PLC. • Rasheed is a Fellow Member of the Chartered Institute Management Accountants of UK (FCMA UK) and holds an MBA from the Postgraduate Institute of Management (PIM).
📈 Rashmini Mather Joins Cable Solutions PLC Board as Independent Director
• Cable Solutions PLC has appointed Rashmini Mather as a Non-Executive Independent Director. • Mather is a seasoned professional with over 20 years of experience in communications and Government Relations spanning the UK and Sri Lanka. • She currently holds the position of Head of Strategic Communications and Partnerships at Dilmah Ceylon Tea Company. • Her extensive governmental and policy experience includes serving as Assistant Chief of Staff to the Prime Minister (2015-2019) and contributing significantly to the tourism sector. • Key contributions to tourism involved authoring Sri Lanka’s Tourism Vision 2025 and acting as the principal architect for the Tourism Strategic Plan 2017–2020, focusing on conservation and sustainability. • Her international career includes strategic communications roles for the UK Prime Minister’s Office, the London 2012 Olympic Games, and the UK Government’s global GREAT campaign.
📰 SLIC Life Appoints Nalin Subasinghe as New CEO
• Nalin Subasinghe has been appointed the new Chief Executive Officer of Sri Lanka Insurance Life (SLIC Life), effective 3 November 2025. • Subasinghe brings over 21 years of extensive experience in the insurance industry, including 15 years in C-Suite leadership positions across both Life and General sectors. • His background includes roles as Chief Actuarial Officer/GM at HNB Assurance PLC/HNB General Insurance Ltd. and Union Assurance PLC (Vice President, John Keells Holdings PLC). • He is currently the Vice President of the Actuarial Association of Sri Lanka (AASL). • SLIC Life, the largest government-owned life insurer, manages a total asset base of Rs. 264 Billion and holds the industry's largest Life Fund at Rs. 239 Billion. • The company is the only life insurer in Sri Lanka to hold a Fitch Rating of A+ (lka) for long-term financial stability.
HDFC Bank Appoints Shiroma Nandani to Board 🏦
• HDFC Bank has appointed Shiroma Nandani to its Board as a Non-Executive Independent Director. • Nandani is a Grade I Officer of the Sri Lanka Accountancy Service, bringing over 20 years of experience in the public sector finance domain. • She currently serves as the Chief Accountant at the Ministry of Labour. • Her expertise includes public sector finance and local government financial management, notably having served as the Municipal Treasurer of the Colombo Municipal Council. • Nandani holds a B.Com (Special) and an M.A. in Economics, and is a member of the Association of Public Finance Accountants (APFA) of CA Sri Lanka.
🇱🇰 Economist Prof. Pivithuru Janak Kumarasinghe Assumes Role as 19th Ambassador to Japan 📈
• Distinguished economist and public policy advisor Prof. Pivithuru Janak Kumarasinghe formally commenced his tenure as Sri Lanka's 19th Ambassador to Japan on 31 October 2025, presenting his Letters of Credence to His Majesty Emperor Naruhito at the Imperial Palace. • The Ambassador conveyed President Anura Kumara Disanayaka's greetings, which were warmly acknowledged by Emperor Naruhito. • Prof. Kumarasinghe brings over 25 years of experience in teaching, research, and national capacity-building. His academic credentials include a Ph.D. in Development Economics and a Master’s in Public Policy from Japan. • His expertise is highly relevant to bilateral economic ties, with a research portfolio focusing on economic development, the role of SMEs, foreign remittances, and macroeconomic policy formulation. • He previously served as a senior academic at the University of Sri Jayewardenepura and advised national institutions including the Ministries of Finance and Defense.
OPA Elects Pharmaceutical Veteran Tisara de Silva as 2025/2026 President-Elect 📈
• Tisara de Silva was elected President-Elect of the Organisation of Professional Associations of Sri Lanka (OPA) for the 2025/2026 term with a clear majority at the AGM on October 31. • The OPA is the apex body of 52 professional associations, representing 34 professions across the country. • De Silva is a registered Pharmacist, marking the first time a professional from the Pharmaceutical Society of Sri Lanka (PSSL) has been elected to this position. • He holds over 31 years of experience in the pharmaceutical industry, including 27 years as a Senior Manager at GlaxoSmithKline. • His service to the OPA includes two years as General Secretary and a term as Vice President (2022/2023). • Internationally, he currently serves as Secretary of Pharmaceutical Sciences of the SEARPharm Forum.
Serendib Land PLC Appoints Global Hospitality Veteran as CEO 📣
• Serendib Land PLC has appointed Nirmalan Nagendra as its new Chief Executive Officer. • Nagendra brings over 30 years of global hospitality industry expertise, with extensive experience in financial administration across five-star hotels in the USA, Caribbean, Middle East, and Singapore. • His background includes serving as Director of Finance at Park Hyatt Jeddah from 2008 to 2014. • Since 2015, he has been a Consultant at KPMG, providing expert guidance on hotel development, investment, valuation, and performance improvement. 🏨 • He also currently serves as the Managing Director of N.N. Recruitment Consulting Ltd. and is the creator of the 'Commitment to Excellence Service Delivery Program'.
Top Legal Expert Joins Lanka Tiles & Lanka Walltiles Boards 📈
• Harsha Amarasekera PC, a prominent Attorney-at-Law and legal luminary, has been appointed as a Non-Executive Director to the Boards of Lanka Tiles PLC and Lanka Walltiles PLC. • He brings significant expertise in governance, compliance, and corporate law, alongside extensive experience in commercial, business, and securities law. • Amarasekera currently holds key leadership roles, including Chairman of Sampath Bank PLC, CIC Holdings PLC, and the Colombo Port City Economic Commission. • He is also Co-Chairman of Royal Ceramics Lanka PLC and serves as a Director for several major entities like Expolanka Holdings Ltd. • This appointment is set to enhance the corporate governance structure of the tile manufacturing group.
🇱🇰 Chief Internal Auditors’ Forum of Banks Appoints New Committee for 2025/26
The Chief Internal Auditor’s Forum of Banks, integral to the banking and finance sector, appointed its 7th committee for the 2025/26 term at its Annual General Meeting held on July 30, 2025. • President: Dulan Abeyratne (HSBC) was appointed as the new President. • Key Appointments: Saaraa Warnakulasooriya (NTB) named Vice President, Jeyabalasingam Pirathapan (SCB) as Secretary, and Jayan Fernando (DFCC) as Treasurer. • Forum's Role: The body aims to build strong relationships among Licensed Commercial and Specialized Banks to effectively address new industry challenges, share knowledge, and promote best practices in internal auditing. • Immediate Past President: Numair Cassim (Amana Bank) joins the committee in this capacity. • Committee Representation: Includes members from NDB, Union Bank, PABC, MCB, and Cargills Bank, ensuring wide industry input on common audit-related issues.
🏏 Kane Williamson Retires from T20 Internationals
• New Zealand's former captain, Kane Williamson (35), has announced his retirement from T20 Internationals (T20Is), effective immediately. • This decision aims to give the team "clarity" and allow emerging talent to prepare for the next T20 World Cup, starting in February in India and Sri Lanka. • Career Highlights: Scored 2,575 runs in 93 T20Is at an average of 33.44. Only Martin Guptill has scored more T20I runs for NZ. • He famously captained the Black Caps to the T20 World Cup final in 2021. • Williamson will continue to play One Day International (ODI) cricket, the three-Test series against West Indies in December, and T20 franchise cricket.
🇱🇰 Professional Leadership Update 👨💼: Jayantha Gallehewa assumes OPA Presidency
• Jayantha Gallehewa has been sworn in as the 45th President of the Organisation of Professional Associations of Sri Lanka (OPA) for the 2025/2026 term. • He previously held key OPA roles and chaired strategic committees focused on supply chain, logistics, and transport development. • Global Recognition: Gallehewa achieved a historic first for Sri Lanka by receiving the prestigious IFPSM President’s Award (2024) for his outstanding global contribution to the supply chain profession. • As President of the Institute of Supply and Materials Management (ISMM), he was instrumental in establishing 'National Supply Chain Day' and spearheading the National Supply Chain Excellence Awards. • The OPA serves as the apex body for 52 professional associations, representing over 60,000 professionals across 34 disciplines, and is critical to national development initiatives.
📰 Senior Director Asite Talwatte Retires from Cargills Board
• Asite Talwatte has retired from the Board of Cargills (Ceylon) PLC, where he last served as a Non-Independent Director, following his tenure as Senior Independent Director until April 2024. • The Board expressed deep appreciation for his dedicated service and "invaluable contributions" to the Company. • He chaired several key Board sub-committees, including the Audit Committee, Related Party Transactions Review Committee, and the Remuneration Committee. • His counsel, business acumen, and industry insights were noted as instrumental in guiding the Company through a particularly challenging national and business period. • Mr. Talwatte, a respected senior accountant, also chose earlier this year not to seek re-election to the Board of the parent company, C T Holdings PLC.
📰 Charles Gamage Joins LCB Finance Board
• Lanka Credit and Business Finance PLC (LCB Finance) has appointed Charles Gamage as a Director. • Gamage brings over 30 years of experience in the Co-operative Sector and NGOs, which LCB Finance aims to leverage for ambitious business expansion. • His key experience includes pioneering and serving as the current Chairman of the Galle Co-operative Hospital, which he expanded significantly to serve low/medium-income groups. • He was also an initial Director of the Ruhunu Development Bank (appointed by CBSL) and currently serves as a Director for the Galle District Co-operative Rural Bank and Sri Lanka Federation of Co-operative Societies. • LCB Finance anticipates his expertise will specifically aid in expanding business volumes with Co-operative Sector establishments in the areas served by its branch network.
ICT/BPM Giant WSO2 Appoints New Corporate Development VP 🚀
• WSO2, a key player in the Sri Lankan ICT/BPM sector, has appointed Sudesh Vasudevan as Vice-President and Corporate Development Head. • This move is designed to accelerate the company’s next phase of global expansion following its acquisition by EQT in 2024. • Vasudevan will spearhead WSO2’s global inorganic growth strategy, focusing on identifying, evaluating, and executing strategic acquisitions. • The objective is to expand platform capabilities and market presence in key areas like API management, integration, and identity security. • He brings over 15 years of deep expertise in finance, strategy, and M&A across the enterprise software and cybersecurity sectors, having advised on over $50 billion in M&A/IPO transactions earlier in his career.
Prof. Kasun De Zoysa Joins LB Finance Board as Independent Director 🛡️
• LB Finance PLC has appointed Prof. Thirimadura Nandika Kasun De Zoysa as an Independent Non-Executive Director to its Board. • Prof. De Zoysa currently serves as the Deputy Director and Coordinator of the Digital Forensic Centre at the University of Colombo School of Computing. • He brings over 25 years of experience spanning academia, industry, and national cybersecurity initiatives, holding a Ph.D. in Computer Science from Stockholm University. • His expertise covers information security, digital forensics, and technology risk management, with prior advisory roles to leading financial institutions. • Prof. De Zoysa has been pivotal in developing cybersecurity frameworks and capacity building programs for the banking and finance sector, strengthening the Board's focus on national digital infrastructure resilience and ICT/BPM strategy.
🏗️ UDA Chairman Eng. Kumudu Lal Appointed to Lead On’ally Holdings
• On’ally Holdings PLC has appointed Eng. Kumudu Lal as the new Chairman. • Mr. Lal currently holds key public sector roles as the Chairman of the Urban Development Authority (UDA) and Secretary to the Ministry of Housing, Construction and Water Supply. • He brings over 28 years of extensive experience in civil and environmental engineering, specializing in water/wastewater drainage, solid waste management, and project management. • His professional track record includes pivotal roles in major national infrastructure initiatives, such as the World Bank-funded Duplication Road Project and the Greater Colombo Wastewater Management project.
🚨 Key Appointment: Amb. Ravinatha Aryasinha to Lead RCSS
• Ambassador (Retd.) Ravinatha Aryasinha, former Foreign Secretary of Sri Lanka, has been appointed Executive Director of the Regional Centre for Strategic Studies (RCSS). • The RCSS is an independent, non-profit, policy research centre, co-founded in 1992 and headquartered in Colombo, focused on conventional and non-conventional conflict and peace studies. • Aryasinha's extensive background in diplomacy includes key roles such as Ambassador to the United States; Permanent Representative to the UN in Geneva; and Ambassador to Belgium, Luxembourg, and the European Union. • Following his retirement, he most recently served as the Executive Director of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI). • His priority for the RCSS is to strengthen the research programme, deepen regional and international partnerships, and expand opportunities for emerging scholars.
Alpha Fire Services Appoints Menaka Athukorala as Non-Executive Chairman 👨💼
• Alpha Fire Services PLC has named Menaka Athukorala to its Board as the new Non-Executive Chairman. • He is a dynamic executive with over 30 years of experience spanning corporate leadership, renewable energy, and critical plantation management. • Athukorala's expertise includes strategic planning, operational management, and driving sustainable business growth. • His qualifications include an MBA and a Higher National Diploma in Plantation Management and Agriculture.
🧑💼 CBSL Appoints Two New Deputy Governors
• In terms of the Central Bank of Sri Lanka Act, No. 16 of 2023, the Minister of Finance has appointed two new Deputy Governors, effective late October/early November 2025. • Appointees & Effective Dates: • Dr. C Amarasekara (Former Assistant Governor): Effective 24.10.2025. • Mr. K G P Sirikumara (Former Assistant Governor): Effective 03.11.2025. • Key Experience Highlights: • Dr. Amarasekara: Over 22 years experience. Specialises in monetary policy and macroeconomic research. Previously served as Alternate Executive Director at the IMF (Jan 2022-Feb 2024) and oversaw Economic Research and Market Operations. • Mr. Sirikumara: Over 25 years experience. Previously oversaw Public Debt Management, Financial Sector Resolution, and Currency Management. Instrumental in introducing law reforms in the banking/financial sector and anti-money laundering frameworks. Both are Attorneys-at-Law.
🏏 SL Cricket Selection Panel Term Ends in December 🏏
• The two-year term of the current Sri Lanka Cricket (SLC) selection committee, chaired by Upul Tharanga, is set to conclude in December. • SLC has initiated the standard process, requesting stakeholders to nominate names for the new panel within a two-week period. The SLC Executive Committee will forward 10 suitable candidates to the Minister of Sports for the final appointment. • The committee was appointed after the 2023 ICC CWC failure, and alongside Head Coach Sanath Jayasuriya, has overseen significant improvement: • ODIs: Strong 68% win rate (P25, W17). Currently ranked 4th. • Tests: 50% win rate (P14, W7). Currently ranked 6th. • T20Is: 45.45% win rate (P33, W15). Ranked 8th. • The new (or partially retained) panel will likely pick the squad for the next ICC T20 World Cup (hosted by India/Sri Lanka, Feb-Mar 2026). • Head Coach Sanath Jayasuriya's contract, which expires on March 31, 2026, will also come up for review after the T20 World Cup.
🏦 Standard Chartered SL Welcomes New Head of Corporate Affairs & Marketing
Standard Chartered Sri Lanka has appointed Kumudu Munasinghe as Head of Corporate Affairs, Brand and Marketing, effective October 15. • Munasinghe joins the Bank's Country Management Team to craft and deliver the overall strategy for Corporate Affairs, Brand, and Marketing for the Sri Lanka franchise. • She brings over 25 years of extensive cross-industry experience in the Sri Lankan corporate sector. • Key expertise includes a strong focus on ESG communications and social impact. • Prior to this, she was a Senior Assistant Vice President at the John Keells Group, heading Corporate Communications, the 'Plasticcycle' project, and Group Diversity, Equity and Inclusion (DEI). • She was recognized in 2021 for Excellence in Corporate Communications at the Top 50 Professional and Career Women Awards. CEO Bingumal Thewarathanthri expects her leadership to be instrumental in strengthening the bank's brand presence and stakeholder engagement.
Dr. Gishan Illangakoon Appointed to SMB Finance PLC Board 📈
• Top professional Dr. Gishan Illangakoon has been appointed as an Independent Non-Executive Director to the Board of SMB Finance PLC. • He brings over 32 years of progressive experience in banking and finance, covering retail, MSME, corporate banking, risk management, and sustainable finance. • Dr. Illangakoon has held senior leadership roles locally and internationally, including at Hatton National Bank (Sri Lanka), Barclays Bank (UAE), and United Arab Bank (UAE). • He also served as the former CEO of Pan Oceanic Bank, Solomon Islands, and was the former Vice President of the Association of Banking Sector Risk Professionals (Bankers’ CRO Forum – Sri Lanka), contributing significantly to risk governance standards. • Holding a PhD in Management and an MBA, his strategic foresight and cross-regional leadership are expected to enhance governance and sustainability-driven growth at SMB Finance.
Headline: 📈 Key Appointment: Senaka Kakiriwaragodage Joins CSE Board
• Senaka Kakiriwaragodage, CFA, has been appointed as a Director to the Board of the Colombo Stock Exchange (CSE), effective from 03/10/2025. • He is a 22-year veteran with extensive experience in investment banking, private equity, and IT services. • Mr. Kakiriwaragodage currently serves as the Director/Chief Executive Officer (CEO) of NDB Capital Holdings Limited and is a Director in several NDB Capital Group and investee companies. • His previous roles include being a member of the Ceylon Chamber of Commerce Finance and Capital Markets Sector Committee, and holding board positions at CIMA and the CFA Society of Sri Lanka. • He holds strong academic and professional qualifications, including an MBA, a B.Sc. First Class Degree in Computer Science and Engineering, and is a CFA Charter holder and a Fellow of CIMA (CGMA).
📈 Global Dairy Major HANNS Canada Appoints Rohan Ariyawansa as SL Country Head
• Global dairy processor HANNS Global Canada Inc. has appointed Rohan Ariyawansa as Director of Corporate Affairs and Country Head for Sri Lanka. • Ariyawansa brings over 40 years of extensive experience, notably in the apparel manufacturing industry, strategic planning, and quality management systems (CTPAT, ISO TQM, 5S, KAIZAN). • He previously held senior leadership positions at companies including Banaras GMBH Export and Import, Metal Recyclers Colombo Ltd., Lanka Felts Ltd., and Supply Room Ltd. • In his new role, Ariyawansa will focus on driving growth, innovation, and community development by strengthening relationships with government, foreign, and industry partners in Sri Lanka. • HANNS Global Canada Inc. is a leading dairy processor globally, with regional partnerships like Three GOSHALA (Pte) Ltd in Kerala, India.
📈 Key Appointments in Finance & Energy
• Veteran investment banking professional Kusal Jayawardana has been appointed Chairman of Lanka Ventures PLC and LVL Energy Fund PLC. • Mr. Jayawardana brings over 27 years of experience in capital markets, corporate advisory, and financial services, holding qualifications including CFA and CIMA/CGMA. • He has held senior leadership roles, including Deputy MD of Alliance Finance PLC and CEO of NDB Capital Ltd., Bangladesh. • Innovation Focus: Noted for pioneering landmark capital market transactions, including introducing the first Green Bond in the NBFI sector and pioneering Social Bonds in Sri Lanka and Bangladesh. • The appointment is expected to strengthen leadership and drive portfolio expansion for both entities, particularly leveraging the strong regional presence of LVL Energy Fund in renewable and conventional power generation.
📈 Maskeliya Plantations Strengthens Board with RPC Finance Head
• Maskeliya Plantations PLC has appointed Sudheera Epitakumbura as a Non-Independent Non-Executive Director to its Board. • Epitakumbura is the current Head of Finance at Richard Pieris & Company PLC (RPC) and brings over 25 years of experience in finance and auditing. • His previous roles at RPC, which he joined in 2009, include serving as the Chief Financial Controller of the Plantations Sector and Deputy Group Chief Finance Officer. • He is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and an Associate Member of the Association of Chartered Certified Accountants UK.
📰 Kegalle Plantations Appoints Finance Veteran Dinusha Perera to Board
• Kegalle Plantations PLC has appointed Dinusha Perera as a Non-Independent Non-Executive Director. • Perera brings over 22 years of experience in finance and operations from leading Sri Lankan conglomerates, bolstering the board's expertise in the plantations sector. • He currently serves as the Chief Executive Officer (CEO) – Hardware Sector at Richard Pieris & Company PLC. • His professional background is extensive, spanning key leadership roles across diverse sectors, including: • Chief Financial Officer (CFO) for multiple sectors at Hayleys Group. • Head of Finance at the Aitken Spence Hotel Sector. • General Manager (GM) at St. Anthony’s Industries Group. • Perera’s core expertise lies in financial management, corporate governance, strategic planning, and driving organisational performance. • He is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka.
CDB Appoints Dr. Rasitha Wickramasinghe as Independent Director 📈
Citizen’s Development Business Finance PLC (CDB) has appointed Dr. Rasitha Wickramasinghe to its Board as an Independent Non-Executive Director. • Dr. Wickramasinghe is a seasoned strategy consultant with over 25 years of experience across US, European, and Asian markets. • He currently serves as a senior member of Stax LLC (Sri Lanka), a global consultancy focusing on Private Equity (PE) clients. • His sector expertise covers diverse areas including financial services, manufacturing, retail, hospitality, and education. • Prior roles include Director at GT Nexus (Sri Lanka), a global supply chain technology platform, and consultancy roles in the UK telecommunications industry with firms like Nokia, Telefonica-O2, and Amdocs. • This appointment reinforces CDB's strategic depth with significant international and strategy consulting experience.
🏦 Banking Veteran Nandika Buddhipala Joins Sarvodaya Development Finance Board
• Sarvodaya Development Finance PLC (SDF) has appointed banking veteran Nandika Buddhipala as an Independent Non-Executive Director. • Buddhipala brings over 35 years of executive experience across Banking, Telecommunication, and Audit and Assurance industries. • He served as the Chief Financial Officer (CFO) of Commercial Bank of Ceylon PLC for over 17 years, a position he held until May 2025. • His prior experience includes working as the CFO of Mobitel Ltd. and being an alumnus of KPMG. • Buddhipala holds influential roles in professional and academic bodies, including Council Member of the University of Sri Jayewardenepura and Chairman of the CISI National Advisory Committee, Sri Lanka. • He is a Fellow Member of several prestigious institutions including CA Sri Lanka, ACCA (UK), and CMA.
🏦 Indrajith Boyagoda Appointed Chairman of AMW Capital Leasing
• AMW Capital Leasing and Finance PLC (AMWCL) has named Indrajith Boyagoda as its new Chairman. • Boyagoda possesses more than 30 years of experience in the Financial Services industry, covering Treasury, Capital Markets, Corporate Relationship Management, and Banking Operations. • His career highlights include serving as the former Executive Vice President of Treasury and Investment Banking at Nations Trust Bank PLC, along with senior positions at Citibank Sri Lanka and Samba Financial Group (Saudi Arabia). • He was first appointed to the AMWCL Board as an Independent Non-Executive Director in June 2024, becoming Senior Director in November 2024. • He currently also serves as the Secretary General of the Sri Lanka Banks’ Association Ltd. (SLBA), representing them on the Director Boards of LankaPay Ltd. and Lanka Financial Services Bureau Ltd.
📈 Leadership Change for Youth Empowerment
• Veteran leader Dumindra Ratnayaka has been appointed Chairman of the Avinya Foundation, a registered non-profit providing full scholarships and 21st-Century skills training to underprivileged Sri Lankan youth (18-25). • He takes over from Founder Dr. Sanjiva Weerawarana (CEO & Founder of WSO2). • Avinya Academy in Bandaragama provides this education, focusing on youth who have failed the traditional education stream, in collaboration with partners like Sampath Bank, Singer Sri Lanka, and Sensus BPO for industrial experience. • Ratnayaka's key former roles include: Founding Chairman of 1990 Suwa Seriya Foundation, Former Chairman of the Board of Investment (BOI), and Former Board Member of the Information Communication Technology Agency (ICTA). • The 2025 cohort is graduating in early December, receiving an Avinya Foundation certificate (Job, English, Computer, Maths with STEM.org accreditation) and a TVEC NVQ Level 3 (Customer Services). • The Academy plans to double its impact in 2026, commencing two six-month full-time programs for up to 120 students each, starting in January and July.
Mithila Wegapitiya Appointed to LAUGFS Gas & Power Boards 💼
• LAUGFS Gas PLC and LAUGFS Power PLC have appointed Mithila Wegapitiya as a Non-Independent Director to their respective Boards. • He currently serves as the Executive Vice Chairman of LAUGFS Holdings Ltd. • Wegapitiya is a technology entrepreneur and innovation advocate with a multidisciplinary background covering management, finance, global marketing, and ICT/BPM interactive entertainment. • His 12 years of global experience spans roles at organizations like Warner Bros. Interactive Entertainment (London), Deutsche Bank (Australia), and Virtusa Corporation. • He co-founded POTENZA, a global tech consultancy (SAP, Data & Analytics, Intelligent Automation) headquartered in Singapore with offices in Sri Lanka and Australia, focusing on large-scale digital transformation initiatives.
RDB Bank Names Dr. Asanga Tennakoon as New GM/CEO 📈
• The Regional Development Bank (RDB), a premier state-owned development bank, has appointed Dr. Asanga Tennakoon as its new General Manager/CEO, effective October 13, 2025. • RDB operates the third largest branch network in Sri Lanka with 272 branches and serves a base of 6 million customers island-wide. • Dr. Tennakoon is a C-suite banking professional with over 25 years of experience in wholesale banking, covering corporate and SME segments across Sri Lanka and the Middle East. • He specializes in credit appraisal, risk management, and project financing. Prior roles include Vice President – Corporate Banking at Union Bank of Colombo PLC, and managing corporate clients at Doha Bank in Qatar and Dubai. • The new leadership is set to reinforce RDB's core mission of facilitating regional economic development by promoting sectors such as agriculture, livestock, fisheries, and industry.
🚗 Automotive Sector Update: AMW Appoints Jawahar Ganesh as Group Managing Director
• Associated Motorways Ltd. (AMW), a unit of Dubai’s Al-Futtaim Company, has appointed Jawahar Ganesh as its new Group Managing Director. • New Role: Ganesh will oversee AMW's diverse operations, including automotive sales and after-sales, lubricants, batteries, tyres, retreading, and financial services (leasing/hire purchase). He will also serve on the Boards of AMW Ltd. and AMW Capital Leasing and Finance PLC. • Experience: He brings over three decades of international experience in strategic leadership, business transformation, and finance, having held key roles with global automotive brands like Nissan and Mitsubishi in Europe and the Middle East. • Outlook: Ganesh is committed to accelerating AMW's transformation and strengthening its customer focus, aiming to enhance the company’s position in Sri Lanka’s evolving mobility landscape. The appointment also mirrors confidence in the country's economic policies and government stability to drive business investment.
📈 PE Veteran Nissanka Weerasekera Joins Lanka Ventures & LVL Energy Fund Boards
• Nissanka Weerasekera has been appointed as an Independent Non-Executive Director (INED) to the Boards of Lanka Ventures PLC and LVL Energy Fund PLC. • A seasoned Private Equity (PE) and Venture Capital (VC) veteran, he served as the Regional Managing Partner for Central and South Asia of Aureos Capital (2003-2012) and later as Managing Director for Sri Lanka and Bangladesh of The Abraaj Group until 2017. • He started his VC career as CEO of the pioneer Sri Lankan firm PVIC and subsequently MD of Nextventures in the mid-1990s. • Past Nominee Director roles spanned numerous investee companies, including key entities such as MillenniumIT, Interblocks, e-Channelling, Richlife Dairies, Asiri Central Hospital, and Apollo Hospital Dhaka. • His extensive board experience also includes previous INED roles at public listed companies like Dipped Products PLC, John Keells Hotels PLC, Sunshine Holdings PLC, and Watawala Plantations PLC. • He currently serves as an INED for ACL Cables PLC and TAL Lanka Hotels PLC.
📈 Coca-Cola Appoints New Country Head for Sri Lanka & Maldives
The Coca-Cola Company has announced the appointment of Mario Perera as the new Country Head for Sri Lanka and the Maldives, succeeding Kaushali Kusumapala. • Experience: Mario Perera brings over 14 years of regional and global leadership in the Food & Beverage (F&B) industry, having previously served as Frontline Marketing Lead for Coca-Cola India & Southwest Asia (INSWA). • Key Focus: He will collaborate closely with bottling partners and stakeholders to accelerate growth, innovation, and community impact across both nations. • Strategic Direction: The mandate includes providing overall business direction, focusing on sustainable growth, operational excellence, and expanding the beverage portfolio with new product introductions. • Stakeholder Role: A vital part of the role will be strengthening relationships with government authorities, regulators, and industry partners to ensure a supportive operating environment.
Central Bank of Sri Lanka (CBSL) Governing Board Appointment ⚖️
• H.E. the President has appointed Mr. Maithri Evan Wickremesinghe, P.C. as a member of the Central Bank of Sri Lanka (CBSL) Governing Board (GB), effective 02.10.2025. • He succeeds Mr. Rajeev Amarasuriya in this role. • The GB is tasked under the CBSL Act, No. 16 of 2023, with overseeing the administration, management, and determination of general policies for the CBSL. All GB members also serve on the Monetary Policy Board. • Profile Highlights: • Mr. Wickremesinghe is a President's Counsel (P.C.), a Fellow of the Chartered Institute of Management Accountants (UK), and holds an Honours Degree in Law from the University of Colombo. • He is an active practicing lawyer and arbitrator in national and international proceedings. • His previous experience includes serving as a Senior Independent Director of a listed commercial bank (chairing its Audit Review and Nominations Committees) and an Independent Director of a listed conglomerate. • He currently serves as an Independent Non-Executive Director of Convenience Foods Lanka PLC.