Sunshine Holdings PLC has announced that Vish Govindasamy will be stepping down from his executive role within the Group, to a non-executive role as Deputy Chairperson after 28-years, a statement released by Sunshine Holdings has said.
“Govindasamy will continue to support the Group in an advisory capacity, ensuring continuity and strategic guidance during this important transition,” it said, adding that a farewell for Govindasamy had been held.
Sunshine Holdings Group CEO Shyam Sathasivam said: “The last three decades has been a journey of growth and as I take on this larger role, I am very much committed to continuing the journey which Mr. Govindasamy has nurtured. It is to build a business with purpose and to always care for all our stakeholders, bringing good things to the lives of everyone. I thank him for showing us what it is to lead a business with a vision and heart, transforming Sunshine Holdings to what it is today. I wish him all the best.”
Group Chief Executive Officer Shyam Sathasivam will be taking over the reins from Govindasamy to lead the Group’s next phase of growth. Sathasivam assumed the role of Group Chief Executive Officer in 2024, joined the company in 2005, is a long-standing member of the Sunshine Group’s leadership team and a key architect of its recent growth trajectory of the group.
Govindasamy joined Sunshine Holdings in 1997 as CEO of Watawala Plantations and transformed it into Sri Lanka’s most valuable regional plantation company. He was instrumental in launching iconic brands such as Zesta, Watawala Tea, and Ran Kahata, and expanding the Group into healthcare, consumer goods, renewable energy, and dairy.
In 2003, he introduced Healthguard Pharmacy, a pioneering concept that redefined pharmaceutical retail in Sri Lanka.
Reflecting on his journey, Govindasamy said: “Leading Sunshine Holdings has been one of the greatest privileges of my career. As a team, we have weathered countless challenges - from a civil war to an unprecedented economic crisis - and adapted to the market dynamics of the country. This showcases the Group’s resilience and transformative journey over the last 28 years. I am deeply grateful for the support of our teams, partners, and stakeholders. I look forward to continuing to support the Group in my advisory capacity, and I am confident that under Shyam’s leadership, Sunshine Holdings will reach new heights.”