Ranjith Fernando appointed Chairman of United Motors

APPOINTMENT: Ranjith Fernando recently took over the reins as Chairman of United Motors from Mahendra Amarasuriya who held this position for 13 years.

Fernando was a former Secretary of the Ministry of Enterprise Development, Industrial Promotion, Industrial Policy and Constitutional Affairs.

He was also formerly the CEO and a Director of the National Development Bank in Sri Lanka.

Central Finance appoints new Chairman

APPOINTMENT:S.V. Wanigasekera was appointed Chairman of the Board of Directors of Central Finance CO. Ltd on the retirement of Chandra Wijenaike.

Wanigasekera has served on the Board of Central Finance Co. Ltd. since 1983, and prior to this was the first Sri Lankan Chairman / CEO of Ceylon Tobacco Co. Ltd., and presently on the Directorate of several Group and public companies.

Wanigasekera is a Bachelor of Commerce (London), and Charted Accountant of the English and Sri Lanka Institutes.

In deference to the wishes expressed by shareholders at the Annual General Meeting held on August 24, 2006, that Chandra Wijenaike should continue his association with the Company he founded and so ably guided to its present preeminent position, the Board resolved that Wijenaike continue in an honorary capacity and be designated 'President'.