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Last Updated : 2024-04-19 09:49:00
In a strategic move to build in synergies, agility and create a robust governance structure between the holding company Ambeon Capital PLC and its investment holding and management company Ambeon Holdings PLC, Ambeon Group this week announced the restructuring of the board of Ambeon Holdings PLC.
As such, Sanjeev Gardiner has been appointed as Chairman, Non-Independent/Non-Executive Director, Ajith Devasurendra as Deputy Chairman, Non-Independent/Non-Executive Director and Ranil Pathirana as Non-Independent/Non-Executive Director, with effect from
June 1, 2020.
Gardiner, Devasurendra and Pathirana, will continue their roles on the board of Ambeon Capital PLC in addition to their new roles on the board of Ambeon Holdings PLC.
Renowned industry veteran and top corporate personality Murali Prakash will continue to manage the group as its Group Managing Director/Chief Executive Officer of both Ambeon Capital PLC and Ambeon Holdings PLC.
Ambeon Group is a dynamic and diversified group of companies, which continues to seek lucrative business opportunities and transforms entities to be the best within their respective industries.
This change at board level was consequent to the restructure within the group over the past couple of years, wherein Ambeon Capital PLC becoming a holding entity, whilst Ambeon Holdings PLC becoming an investment holding and management company.
This move further ensures better coordination in governance between the two entities, which will no doubt ensure greater focus and enable the board members to participate in investment decisions, better resulting in greater stakeholder value creation.
The group further informed that former veteran banker A.G. Weerasinghe, who was appointed as Chairman of Ambeon Holdings PLC, with effect from 2013, will relinquish his role as Chairman but will continue as Director of the said company and its subsidiaries as well as remain in several of the board subcommittees.
Ambeon Capital PLC board of directors comprises of Sanjeev Gardiner (Chairman), Ajith Devasurendra (Deputy Chairman), Murali Prakash (Group Managing Director/Chief Executive Officer), Priyantha Fernando, Harsha Amarasekera PC, Ranil Pathirana, Sarinda Unamboowe and Desamanya Deva Rodrigo.
The board of directors of Ambeon Holdings PLC comprises of Sanjeev Gardiner (Chairman), Ajith Devasurendra (Deputy Chairman), Murali Prakash (Group Managing Director/Chief Executive Officer), A.G. Weerasinghe, Ruwan Sugathadasa, Mangala Boyagoda and Ranil Pathirana.
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