Business

Samadanie Kiriwandeniya retires as SDB Chairperson

Samadanie Kiriwandeniya

SANASA Development Bank PLC Chairperson Ms. Samadanie Kiriwandeniya retired from the Board of Directors of SANASA Development Bank PLC with effect from 22nd May 2020 on completion of Nine (09) years according to the Corporate Governance Regulations of the Central Bank of Sri Lanka.

Samadanie Kiriwandeniya held 5785 Voting Shares at the date of resignation.

Lakshman Abeysekera, who served as a senior director and the head of the board audit committee, has been appointed the new Chairman. He is a cross-disciplinary expert who brings a wealth of knowledge and experience to his new role as chairman. He contributed significantly to SDB’s transformation from a microfinance and retail-oriented establishment to an SME: focused bank.

Trained at KPMG early in his career, Abeysekera has held several key positions in some of the country’s leading business organizations, gaining in-depth knowledge and experience in the areas of accounting, finance, and management across different industries.

Some positions he has held during an almost three-decade career include Chief Financial Officer at Emerchemie NB (Ceylon) Limited, Senior Accountant at Lankem Ceylon PLC, and Accountant at Hoechst (Ceylon) Limited. He sits on several boards including being a non-executive director of People’s Insurance PLC, a director of JanRich Foods Ltd. and NovEx Pharmaceuticals Limited.