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Sri Lanka’s Laugfs Holdings appoints Piyadasa Kudabalage as chief executive

ECONOMYNEXT – Sri Lanka’s LAUGFS Holdings, which has interests in liquefied petroleum gas, lubricants, renewable energy, retailing, export manufacture said Piyadasa Kudabalage had been appointed Group Managing Director and Chief Executive.

Kudabalage was Managing Director/Chief Executive Officer of state-run Sri Lanka Insurance Corporation Ltd, Litro Gas Lanka Ltd, and Canwill Holdings (Pvt) Ltd which built the Hyatt building.

He had also been a director of Peoples Bank Colombo Dockyard PLC and had been Chairman of Merchant Bank of Sri Lanka from January 2012 to September 2014.

A University of Kelaniya graduate in Business Administration and Management, he is also a fellow member of the Institute of Chartered Accountants of Sri Lanka and Institute of Certified Management Accountants and the Institute of Chartered Professional Managers of Sri Lanka.

Laugfs chairman W K H Wegapitiya said Kudabalage would provide leadership to support domestic and international clients.

Deputy Chairman Thilak de Silva said Kudabalage will step-up the level of delivery of LAUGFS and drives its growth plans and the performance.

Wegapitiya be on the board as Executive Chairman and de Silva Executive Deputy Chairman.

Laugfs which has operations in Sri Lanka and also Bangladesh has posted revenues of 65 billion rupees in the year to March and has 4,000 employees and 60,000 customers. (Colombo/May27/2020)

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