LOLC Holdings PLC announced the Board Chair position of the Company is yet to be filled and as its Executive Deputy Chairman, Mr. I C Nanayakkara is also the Acting Chairman, the Board re-designated its Independent Director, Desamanya M D D Pieris as Senior Independent Director with effect from October 31, 2023. The Board is of the view that Mr. Nanayakkara should continue in the capacity of an Executive Director, as he is a major shareholder of the Company, whilst taking into consideration his business acumen in navigating the Group to become one of the most profitable, diversified and multinational institutions in Sri Lanka.