Sanjiva Weerawarana to Step Down as WSO2 CEO in June 2026 š
ā¢ Leadership Transition: Founder Dr. Sanjiva Weerawarana will exit his role as CEO effective June 2026. Devaka Randeniya (current Chief Revenue Officer) has been appointed as Acting CEO to lead the transition while the Board searches for a permanent successor. ā¢ Corporate Context: This move follows the August 2024 acquisition by private equity firm EQT, which valued the ICT/BPM leader at US$ 600 million (approximately 6x revenue at the time). ā¢ Strategic Focus: WSO2 is pivoting toward becoming the "control plane" for AI-driven and agent-based digital experiences. The company reports strong demand from enterprises for secure integration and governance of complex digital interactions. ā¢ Industry Impact: As a pioneer in Sri Lanka's technology sector, WSO2's next phase under EQT ownership will focus on scaling global operations and maintaining data sovereignty for international clients. _Source: Based on WSO2 official announcement (May 2026)._