The Citizens’ Development Business Finance PLC (CDB) has made several key changes to its Board of Directors with its reinforced strategic focus on the targets for 2011-2020 as the “decade of accelerated growth” within the context of post-war Sri Lanka, the company said.
CDB’s CEO Mahesh Nanayakkara has been re-designated as Managing Director/CEO. Four new Executive Directors have been appointed from the corporate management team.
Damith Tennakoon who heads CDB’s Finance Division of CDB since 2003 has been appointed Chief Financial Officer / Director. Malcolm Weerasuriya who joined CDB in 2000 has been appointed as the Chief Marketing Officer / Director overseeing sales and marketing while Sasindra Munasinghe who joined CDB in 2001 and was overseeing credit/leasing has been appointed as Chief Credit Officer / Director. Roshan Abeygoonewardena who joined CDB in 2005 and was handling operations has been appointed as Chief Operations Officer / Director.
Three new alternate directors - Herschel Gunawardena, P.A. Joseph Jayawardena and Ranga Abeynayake have also been appointed. Mr Gunawardene is an ‘Independent’ non-executive Director of Ceylinco Insurance PLC, Mr Jayawardena is Deputy General Manager – Business Development of Ceylinco Insurance PLC while Mr Abeynayake serves on the Board of Ceylinco Insurance PLC in an executive capacity.