Sinhaputhra Finance reconstitutes Board

Sinhaputhra Finance PLC, the 33 year old Publicly Listed Registered Finance Company was required to invite two new members to its Board of Directors, according to the Central Bank's Corporate Governance Directive.

Dr. Amal Randhir Karunaratna

Nihal Ratnayake

Accordingly Dr. Amal Randhir Karunaratna Associate Professor (Adj.) and former discipline head in Marketing at the Graduate School of Business at the Adelaide University will join the Board. He holds a Phd in Business from the Sydney University and publishes in international journals, consulted with large and small firms and brings, expertise in marketing, international business and market research. Dr Karunaratna is currently engaged as the CEO of Breakthrough Business Intelligence. He was also a contributor to the Lanka Monthly Digest and now a free-lance writer to business and travel magazines.

In addition Lal Ekanayake an ardent businessman and philanthropist who pioneered the Cancer Unit at the Kandy Teaching Hospital by spearheading the raising of Rs. 750 million from well-known business personalities and government bodies joins the Board. Ekanayake's influential contact base will be a boost for Sinhaputhra's expansion programme.

Nihal Ratnayake the current CEO of the Malaysian owned Tritel Services Pvt Ltd, who has been a Non-Executive Independent Director of the company, assumes duties as the Chairman of the company.

The new Board of Directors of Sinhaputhra Finance PLC is Nihal Ratnayake (Chairman), Ravana Wijeyeratne (Managing Director), Saliya De Alwis (Director Operations), Nandana Abeykoon (Director Finance), Dr. Amal Karunaratna and Lal Ekanayake and as Consultants K.H.K. Wijedasa FCA, Consultant Finance and Mohan Weerakoon, Attorney-at-law as Legal Consultant.