New chairman, MD at Ceylinco Life in smooth transition at the top

Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of R. Renganathan, the company’s long-standing Managing Director/CEO, as Executive Chairman effective November 14 and the concurrent appointment of Deputy CEO Thushara Ranasinghe as Managing Director/CEO.

The company said on Thursday that the changes at the top were part of the company’s succession plan when Godwin Perera steps down from the position of Chairman and Non-executive Director.

Mr. Renganathan has been at the helm of Ceylinco Life from the company’s inception in January 1988. A Fellow of the Institute of Chartered Accountants of Sri Lanka and of the Chartered Institute of Management Accountants, he was responsible for setting up the company after the Government permitted private insurers to enter the industry in 1987.

Mr. Ranasinghe has also been with Ceylinco Life from its inception and was a member of the founding team. A Fellow of the Chartered Institute of Marketing (CIM) UK, he has an MBA from the Postgraduate Institute of Management (PIM) of the University of Sri Jayewardenepura and counts 40 years in sales, marketing and strategic planning. - ENDS -