Changes in Boards of Ambeon companies

• Global business leader and private equity investor Samresh Kumar joins Ambeon Holdings PLC and Ambeon Capital PLC as Independent Non-Executive Director
• Ajith Devasurendra, Ranil Pathirana, A.G. Weerasinghe, Yudy Kanagasabai and Dilush Perera have left their roles in respective Boards

Ambeon Holdings PLC and Ambeon Capital PLC yesterday jointly announced the appointment of global business leader and private equity investor Samresh Kumar as an Independent Non-Executive Director of both entities.

Paving the way for the new appointment, Deputy Chairman Ajith Devasurendra and Ranil Pathirana have stepped down from their positions at Ambeon Holdings PLC and Ambeon Capital PLC. Additionally, A.G. Weerasinghe has resigned from Ambeon Holdings PLC, and Yudy Kanagasabai and Dilush Perera have left their roles at Ambeon Capital PLC. These directors have been instrumental in the growth and success of Ambeon Group, and their leadership has set a strong foundation for the company’s future endeavors.

The Ambeon Group is a medium sized conglomerate with a strong presence in the areas of Financial Services, Information Technology, Real Estate and Diversified Strategic Investment Management.

With the latest appointment, the Ambeon Capital PLC Board of Directors comprises of Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, Savanth Sebastian, and Samresh Kumar while the Ambeon Holdings Board comprises of Chairman Sujeewa Mudalige, Group CEO Dr. Sajeeva Narangoda, Mangala Boyagoda, Savanth Sebastian and Samresh Kumar.

The changes reflect recent developments in the shareholding of Ambeon Capital Plc, the parent of Ambeon Holdings Plc.

Samresh Kumar is an accomplished business leader and private equity investor with extensive global experience in large-scale companies, investment funds, and high-growth ventures. He has overseen over 300 transactions, invested $ 2 billion, and raised $ 1.5 billion in capital. As the Founder, Chairman, and CEO of SkyX Solar in Vietnam, he led the company to become a leading rooftop solar power investor and operator in Vietnam, with VinaCapital and EDF Renewables, France as main shareholders.

Previously, as Managing Director at VinaCapital, he directed private equity activities from the balance sheet and developed long-term energy investment strategies. At Masan Group, he together transformed the company into a professionally managed conglomerate, increasing its value from $ 600 million to $ 3.5 billion within four years. He also played key roles at SUN Group and founded an investment bank in India. He started his career as a management consultant at Accenture. He has received multiple awards, including “Entrepreneur of the Year” in Vietnam’s solar sector and “Solar CEO of the Year”.

Samresh holds an MBA from IIM Calcutta and a B.Tech from IIT Delhi, with academic distinctions. He has lived and worked in Vietnam, Singapore, India, UK, USA, Russia, and the Middle East. An advocate of good corporate governance, he is one of the few certified independent directors in Vietnam. He is an active speaker at conferences and events, passionate about building businesses, playing sports, and helping the underprivileged.