Ambeon Capital PLC announced that the Board of Directors of the Company appointed the following Directors: Mr. Don Tiburtius Sujeewa Handapangoda Mudalige as an independent Non-Executive Director and Chairman of the Board of Directors with effect from 08th April 2024. Mr. Savanth Laleen Sebastian as an independent Non-Executive Director with effect from 08th April 2024. Mr. Mudalige counts over 30 years of experience as a Chartered Accountant and recently retired as the Managing Partner of PwC, Sri Lanka.

He currently serves as a Non-Executive Chairman of Mercantile Services Provident Society (MSPS). He is also an Independent Non-Executive Director at National Development Bank PLC, Chemical Industries Colombo PLC and subsidiaries, NSBM Green University, Sherwood Capital Ltd. and Mahindra Ideal Finance Ltd. He was appointed as a Commissioner of the Securities and Exchange Commission, Sri Lanka in March 2023. He is also a committee member of the Ceylon Chamber of Commerce.

Mr. Mudalige has vast experience as an Audit Committee Chair in both public and private sector organizations. He is a past President of ICASL and has been a member of the Council of ICASL and of the governing board of CIMA UK, Sri Lanka Division and held several such other positions locally and globally during the span of his career. Mr. Mudalige was an Independent Non-Executive director of Hatton National Bank PLC from 2012 to 2019 and was a Chair and member of several of its board subcommittees during his tenure.

He was also the Deputy Chairman of the Financial System Stability Consultative Committee of the CBSL and a member of the Advisory Committee to advise the National Economic Council and the Advisory Committee for Revival of Failed Licensed Finance Companies. His qualifications are FCA (SL), FCMA (UK), FCCA (UK) and FCPA (Australia).