Commercial Credit and Finance PLC informed that Dr. R. Saravanamuttu, an independent non-executive director, on having completed 70 years of age, cease to be a director of the Company with effect from 12th November 2022 in compliance with the Finance Companies (structural changes) Direction No. 01 of 2013 and the Finance Business Act (assessment of fitness and propriety of key responsible persons) Direction No. 06 of 2021.
The Department of Supervision of Non-Bank Financial Institutions of the Central Bank of Sri Lanka has approved the retirement of Dr. R. Saravanamuttu by way of letter dated 28th October 2022.