Janashakthi Insurance Chairman W. T. Ellawala to retire after 22-year stint

Janashakthi Insurance PLC’s incumbent Non- Executive Chairman and Director, W. T. Ellawala is to announce his retirement at the forthcoming Annual General Meeting of the Company to be held on the March 31, 2016.

Appreciating Ellawala for the invaluable service and contribution rendered to the Company, Janashakthi Insurance founder C. T. A. Schaffter said: “I am deeply grateful to Ellawala for accepting my invitation to join the board of directors of Janashakthi at the point of its inception, and even more for remaining with us for over two decades.

” Ellawala joined Janashakthi as a Director at the time of its inception in 1994, playing a vital role as it advanced from its humble beginnings as a small Life Insurance company into becoming the household name it is today. He subsequently took on the role of Non-Executive Chairman in 2005. A widely respected individual in the business community, Ellawala holds several positions of significance across diverse industries.

Speaking on the occasion, Ellawala noted, “I have had the privilege of being a part of this organisation and witnessing it grow from a small life Insurance provider to becoming one of Sri Lanka’s leading Insurance organizations.

It has indeed been an extremely rewarding experience to have contributed to its expansion through a range of initiatives that included the acquisition of two Insurance companies, the National Insurance Corporation in 2001, and AIA General Insurance Lanka Limited as recently as in October 2015. I wish to acknowledge with deep appreciation the co-operation, wise counsel and guidance I received from my colleagues on the Board, and to particularly recognize the support and guidance I received from C.T.A. Schaffter, the founder of Janashakthi Insurance during my tenure.” “I have had the privilege of working closely with Ellawala at Janashakthi.

The company has benefited immensely from his invaluable experience and insights. Nurturing our entrepreneurial penchant for innovation and growth, Ellawala’s business acumen and high corporate values have helped establish a stronger foundation for the organisation. We are deeply grateful for the direction he provided us with, which has undoubtedly helped establish Janashakthi as a leader in the Insurance industry of Sri Lanka. We will no doubt miss his leadership and presence on the Janashakthi Board,” said Prakash Schaffter, Managing Director, Janashakthi Insurance PLC.