BPPL Holdings completes rotation of Independent Directors

Thursday, 3 July 2025 02:30 - - {{hitsCtrl.values.hits}}

BPPL Holdings PLC has announced the rotation of its Independent Directors in accordance with the revised listing rules of the Colombo Stock Exchange (CSE).

Accordingly, Independent Non-Executive Directors, Manjula De Silva, Sharmini Ratwatte and Savantha De Saram who have completed nine years of service on the Board of BPPL Holdings PLC, have tendered their resignation with effect from 1 July 2025.

BPPL has announced the appointment of three seasoned professionals as Independent Non-Executive Directors in their place.

The newly appointed directors are Dinesh Dharmadasa, Natasha Boralessa and Mohamed Adamaly, each bringing decades of experience across sustainability leadership, finance, governance, and legal affairs.

Dinesh Dharmadasa is a veteran in finance, regulatory strategy, and stakeholder relations. A Fellow of both CA Sri Lanka and CIMA (UK), he served as Director – Legal and External Affairs and Company Secretary at Ceylon Tobacco Company PLC, and later chaired the Industrial Association of Sri Lanka. Dinesh also held a board position at the Ceylon Chamber of Commerce and currently serves as a Non-Executive Director at HNB General Insurance and Expack Corrugated Cartons PLC.

Natasha Boralessa brings over 25 years of senior leadership experience across the apparel manufacturing sector. She most recently served as a Director at Brandix Apparel Ltd., where she was responsible for ESG, governance, legal, and risk across operations in Sri Lanka, India, and Bangladesh. As a member of the Brandix Leadership Team, she played a central role in embedding sustainability and enterprise risk management into business operations, whilst publishing multiple award-winning ESG reports under global standards.

Mohamed Adamaly, President’s Counsel, is a distinguished legal professional with over three decades of expertise in commercial law, banking, insurance, and corporate restructuring. He has held board roles across listed and private sector companies, including Amana Bank PLC and Bogala Graphite Lanka PLC. In addition to his legal practice, Mohamed is a respected educator and communicator, with a background in marketing and a national TOYP Award winner for his contributions to drama and literature.

Commenting on the appointments, Dr. Anush Amarasinghe, Chairman of BPPL Holdings PLC, stated, “We are pleased to welcome Dinesh, Natasha and Mohamed to our Board. Their diverse experience across industry, finance, and governance will be instrumental in guiding BPPL’s continued transformation and growth, both locally and globally. We are also deeply grateful to Manjula, Sharmini and Savantha for their unwavering service and stewardship over the past several years.”

The appointments reinforce BPPL’s commitment to strong corporate governance, ESG leadership, and sustained value creation for all stakeholders.

The new Board will comprise of Dr. Anush Amarasinghe (Chairman), Prasad Perera, Rizan Jiffrey, Ranil Pathirana, Dinesh Dharmadasa, Natasha Boralessa, and Mohamed Adamaly.

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