New MD for Sinhaputhra

Ravana Wijeyeratne was appointed as Chairman and Managing Director of Sinhaputhra Finance.

The outgoing Chairman and MD, Kithsiri Wanigasekera who was at the helm for over 15 years proposed his name from the Chair at the 1st Board meeting following the AGM.

In his farewell speech to the Board and the Senior Staff, he assured of his continued support and well wishes for the company.

Wanigasekera, thanked the shareholders who proposed him to the board in the first place and the trust and confidence placed in him by the founder Chairman Tissa Wijeyeratne.

Although relinquishing his Chairmanship he has opted to remain as advisor and counsel to the newly appointed Chairman.

Wanigasekera's distinguished career with the company saw the company grow from an asset base of Rs. 40 million when he was Director Finance in 1986 to Rs. 3.5 billion in a matter of 21 years. The staff strength grew from about 14 to over 100 employees during this period.

He held the post of Chairman and Managing Director continuously from 1989, during which era Wanigasekera involved in social service organizations, building up a Health Trusts for the Kandy General Hospital, serving as Chairman of Kandy Hotels Corporation.