Board of Directors
Board of Directors
Board of Directors

Integrity without knowledge is weak and useless, and knowledge without integrity is dangerous and dreadful” said Samuel Johnson (1709 - 1784). L B Finance has a Board of Directors manned by astute personalities who carry with them a vast bank of commercial and financial knowledge and of unquestionable integrity.




Mr. Thosapala Hewage
Chairman

Skills and Experience:

Holds a Bachelor’s Degree in Social Science from the University of Ceylon, Peradeniya and a Master of Philosophy (Policy Analysis) from the University of Wales, UK. In addition, he holds a Post Graduate Diploma in Development Studies from the University of Cambridge, UK. He counts 40 years experience as a professional Development Administrator and Natural Resource Manager.


Appointed to the Board:

Appointed to the Board on 23rd April 2013 and appointed as the Chairman on the same day.


Membership of Board Sub-Committees:

Chairman of the Remuneration Committee with effect from 23rd April 2013.


Current Appointments: None


Former Appointments:

Ambassador in Nepal from 2009 to 2012 prior to which he was Secretary to the Ministries of Ports & Aviation, Enterprise Development and Investment Promotion, Urban Development and Water Supply, Environment & Natural Resources. Additional Secretary to the Ministry of Forestry & Environment (Policy Planning), Additional Director General of Southern Development Authority (Ministry of Finance and Planning) and Director, Ministry of Lands, Irrigation & Mahaweli Development. Led Sri Lankan delegations in various fields from 2000 to 2008 to Mauritius, Los Angeles, New York, Europe, Middle East, Bangladesh, Senegal, Thailand, Philippines, India, Korea and Japan.

 

 



Mr. Dhammika Perera
Executive Deputy Chairman

Skills and Experience:

Quintessential strategist and business specialist with 25 years of business experience.


Appointed to the Board:

Appointed to the Board on 22nd October 2002, He was appointed the Chairman of the Board of Directors on 7th October 2010 and Executive Deputy Chairman on 21st October 2011.


Membership of Board Sub-Committees:

None


Current Appointments:

Secretary to the Ministry of Transport, Sri Lanka. Chairman Sampath Bank PLC, Vallibel One PLC, Vallibel Finance PLC, Vallibel Power Erathna PLC, The Fortress Resorts PLC, Delmege Limited. Deputy Chairman of Hayleys PLC, Royal Ceramics Lanka PLC, Orit Apparels Lanka (Pvt) Ltd. Director of Amaya Leisure PLC, Haycarb PLC, Hayleys MGT Knitting Mills PLC, Hotel Services (Ceylon) PLC, Dipped Products PLC, Horana Plantations PLC, Lanka Walltiles PLC, Lanka Floortiles PLC, Sri Lanka Insurance Corporation and Strategic Enterprise Management Agency of Sri Lanka.


Former Appointments:

Chairman, Board of Investments, SriLanka.

 

 



Mr. Lalit N de S Wijeyeratne
Independent Non-Executive Director/Senior Director

Skills and Experience:

Fellow of the Institute of Chartered Accountants in Sri Lanka and counts over 38 years experience in Finance and General Management both in Sri Lanka and overseas.


Appointed to the Board:

Appointed to the Board on 1st November 2008 and functioned as the Acting Chairman during the period 21st October 2011 to 21st August 2012.


Membership of Board Sub-Committees:

Chairman of the Audit Committee and Nomination Committee and a Member of the Remuneration Committee.


 

Current Appointments:

He is presently a Director of DFCC Vardhana Bank, The Fotress Resorts PLC, Hotel Services Ceylon PLC, Talawakelle Tea Estates PLC, Nuwara Eliya Hotels PLC, Property Development PLC, Rockland Distilleries (Pvt) Ltd and Delmege Limited.


Former Appointments:

He was the Group Finance Director of Richard Pieris PLC from January 1997 to June 2008 and also held Senior Management positions at Aitken Spence & Company, Brooke Bonds Ceylon Ltd and Zambia Consolidated Copper Mines Ltd.

 

 



Mr. J A S Sumith Adhihetty
Managing Director

Skills & Experience:

A well-known professional in the marketing field. He has over 32 years of experience in the finance sector.


Appointed to the Board:

Appointed to the Board on 10th December 2003.


Membership of Board Sub-Committees:

Member of the Nomination Committee and Integrated Risk Management Committee.


Current Appointments:

Serves on the Board of Vallibel Finance PLC, Vallibel One PLC and Pan Asia Banking Corporation PLC. He is also the Managing Director of The Fortress Resorts PLC.


Former Appointments:

He was formerly the Deputy Managing Director of Mercantile Investments Limited and served as a Director of Nuwara Eliya Hotels Company Limited, Grand Hotel (Pvt) Limited, Royal Palm Beach Hotels Limited, Tangerine Tours Limited and Security Ceylon (Pvt) Limited.

 

 



Mr. Nimal Perera
Executive Director

Skills and Experience:

Counts over 30 years of experience in the fields of Finance, Capital Market Operations, Manufacturing, Marketing and Management Services. Mr. Perera, is a member of the Sri Lanka Institute of Marketing.


Appointed to the Board:

Joined the Board of L B Finance PLC on 2nd September 2003 and was designated as Executive Director on 1st September 2012.


Membership of Board Sub-Committees:

None.


Current Appointments:

Chairman of Pan Asia Banking Corporation PLC, Deputy Chairman of Vallibel One PLC, Managing Director of Royal Ceramics Lanka PLC, Director of Amaya Leisure PLC, Vallibel Finance PLC, Hayleys PLC, Hotel Services (Ceylon) PLC, Talawakelle Tea Estates PLC, Haycarb PLC, Lanka Floortiles PLC, Lanka Walltiles PLC and Horana Plantations PLC.

 

 



Mr. Niroshan Udage
Executive Director

Skills and Experience:

Holds a Bachelor’s Degree in Science from the University of Colombo and possesses 23 years experience in the field of Leasing and Finance, including 10 years at Lanka Orix Leasing Company PLC and 3 years at Mercantile Investments Limited prior to joining L B Finance PLC in 2004. Mr. Udage followed a course in 2007 conducted by Intentional Development Ireland Ltd in Dublin and London on Strategy and Management in Banking and also successfully completed High Potentials Leadership Program in 2012 at Harvard Business School in Boston, MA, USA.


Appointed to the Board:

Appointed as a Director of L B Finance PLC on 1st January 2007.


Membership of Board Sub-Committees:

Member of the Integrated Risk Management Committee.


Current Appointments:

He serves as a Director of Hayleys Fibre PLC with effect from December 2011.

 

 



Mr. B D A Perera
Executive Director

Skills and Experience:

Counts over 16 years experience in the Leasing Industry that includes positions at Commercial Leasing Company Limited, Lanka Orix Leasing Company PLC and a Merchant Bank in Bangladesh. Mr. Perera is an Associate Member of the Chartered Institute of Management Accountants ACMA (UK) and holds a BSc. (Business Administration) Special Degree from the University of Sri Jayewardenepura. He has also successfully completed High Potentials Leadership Program in 2012 at Harvard Business School in Boston, MA, USA.


Appointed to the Board:

Appointed as a Director of L B Finance PLC on 1st January 2007.


Membership of Board Sub-Committees:

Member of the Integrated Risk Management Committee.


Current Appointments:

He serves as a Director of Hayleys Fibre PLC with effect from December 2011.

 

 



Mrs. Kimarli Fernando Independent Non-Executive Director

Skills and Experience:

Mrs. Kimarli Fernando holds a LLB (Hons) from the London School of Economics and Political Science, London, UK. She is a Barrister-at-Law, Lincoln’s Inn, UK. (1987) and an Attorney-at-Law, Sri Lanka. She has more than 23 years experience in the field of banking.


Appointed to the Board:

Appointed to the Board of L B Finance PLC on 26th August 2008.


Membership of Board Sub-Committees:

Member of the Remuneration Committee, Integrated Risk Management Committee and the Nomination Committee.


Current Appointments:

Director of Vallibel One PLC, National Development Bank PLC, Delmege Limited and Sri Lanka Sustainable Energy Authority.


Former Appointments:

Senior positions at Pan Asia Banking Corporation PLC, Standard Chartered Bank, Sri Lanka and Deutsche Bank AG, Sri Lanka.

 

 



Mrs. Shirani Jayasekara Independent Non-Executive Director

Skills and Experience:

She has over 30 years experience combining Finance and IT, Audit and Risk Management in Sri Lanka, Zambia and Bahrain. She is a Fellow of the Institute of Chartered Accountants of Sri Lanka and a fellow member of the Chartered Institute of Management Accountants UK.


Appointed to the Board:

Appointed to the Board of L B Finance PLC on 25th August 2010.


Membership of Board Sub-Committees:

Chairman of the Integrated Risk Management Committee and Member of the Audit Committee.


Current Appointments:

Director of Asian Hotels PLC, a subsidiary of John Keells Holdings PLC. Serves as advisor to Internal Audit of Carson Cumberbatch PLC.

 

 



Mrs. Anandhiy K Gunawardhana Independent Non-Executive Director

Skills and Experience:

An Attorney-at-Law and a partner of Julius and Creasy, Attorneys-at-Law and Notaries Public, she graduated from the University of Colombo’s Faculty of Law in 1995 with Second Class (Upper Division) Honours and also secured First Class Honours at the Attorneysat- Law (Final) Examination in 1996, conducted by the Sri Lanka Law College. She is a Fulbright Scholar and was awarded the Master of Laws (LLM with Distinction) by Georgetown University, Washington DC, in May 2000 and, thereafter, served a 7 month intern-ship with the International Monetary Fund’s Legal Department in Washington D.C. Her areas of specialization are Capital Markets, Corporate and Commercial Law, Insurance Law, Mergers & Acquisitions and Taxation.


Appointed to the Board:

Appointed to the Board on 1st March 2013.


Membership of Board Sub-Committees:

Member of the Audit Committee.


Current Appointments:

Director of Messrs. Jaycey and Company, Jacey Trust Services (Private) Limited, Jacey Advisory Services (Private) Limited and Jacey Secretarial Services (Private) Limited, affiliate companies of the Messrs Julius & Creasy engaged in providing ancillary services and of Corporate Holdings (Private) Limited, which is an investment Company and of The Colombo Fort Land & Building PLC. She is also a Director of G S Investments (Private) Limited, S V Investments (Private) Limited, A S Investments (Private) Limited, S S Investments(Private) Limited, G T Investments (Private) Limited M B Investments (Private) Limited, G J Investments (Private) Limited, S A Investments (Private) Limited, S T investments( Private) Limited and V P Investments (Private) Limited.

 

 



“Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning, and focused effort.” Paul J. Meyer

Executive Deputy