Business Times

New appointments at CDB Board

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.

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