Prakash takes over reins at Janashakthi

APPOINTMENT: Janashakthi has appointed Prakash Schaffter as Managing Director/CEO of the Company with effect from today.

He succeeds Chandra Schaffter who relinquishes all executive duties having served the company since 1994.

Widely regarded as the ‘Father of Insurance in Sri Lanka’, Chandra Schaffter has subsequently been invited by the Board of Directors to the post of non-executive Deputy Chairman of the Board.

A Fellow of the Chartered Insurance Institute and a graduate in politics of the University of London, Prakash Schaffter holds a Post Graduate Degree in Business Administration from the University of Cambridge.

He counts over 20 years in the insurance industry, both locally and internationally, and has served as Director / General Manager of Janashakthi for the past seven years.