Colombo City Holdings appoints new board directors

Colombo City Holdings PLC, a subsidiary of Ambeon Holdings PLC, announced the appointment of three distinguished professionals to its board of directors, marking a significant value addition to the company’s governance and strategic direction.

Samresh Kumar and Sharad Sridharan have been appointed as Independent Non-Executive Directors, effective from May 29, 2024. Additionally, Revantha Thashan Devasurendra has joined the board as a Non-Independent Non-Executive Director, also effective from May 29, 2024. Concurrently, Y. Kanagasabai has resigned from his position on the board, with effect from May 29, 2024.

The current board of directors of Colombo City Holdings PLC is comprised of Savanth Sebastian (Chairman), Ananda Atukorala, Dr. Sajeeva Narangoda, Samresh Kumar, Sharad Sridharan and Revantha Devasurendra.

Samresh Kumar

• A seasoned business leader and private equity investor with diverse global experience in multi-billion-dollar      companies, investment funds and high-growth companies.
• Currently Founder, Chairman and CEO of SkyX Solar in Vietnam.
• Previously served as Managing Director at VinaCapital and Executive Vice-President at Masan Group. 
• Instrumental in structuring, negotiating and closing over 300 transactions and raising more than US $ 1.5 billion in capital
•  Holds an MBA from IIM Calcutta and a B.Tech from IIT Delhi. 
• Known for good judgment, emotional intelligence, decision-making and sharp problem-solving skills.
• A proponent of good corporate governance and an officially certified independent director in Vietnam.

Sharad Sridharan

• Co-founded ACP Asset Management, serves as CEO and a member of board of directors and Investment Committee.
• Responsible for sourcing and executing acquisitions and monitoring ACP Asset Management’s portfolio companies.
• Holds a Bachelor of Business and a Juris Doctorate from University of Technology, Sydney.
• Has extensive experience as a corporate M&A lawyer with several global law firms, including Linklaters, Allens Arthur Robinson and DLA Piper. 

Revantha Thashan Devasurendra

• Brings a wealth of experience in driving strategic initiatives and implementing robust systems and processes. 
• Founding board member of Entrepreneurs Organisation (EO) Sri Lanka and played a pivotal role in establishment and success of EO Bangkok Metropolitan Chapter.
• Continuously challenges status quo while maintaining humility and a zest for life.
• Driving force behind British Ceylon Capital, a venture capital company focused on investments in hospitality and export products sectors in Sri Lanka. 
• Holds a Bachelor of Arts with Honors in Industrial Economics from University of Nottingham and a certificate in Hotel, Real Estate Investments and Asset Management from Cornell University’s School of Hotel Administration.