Overseas Realty (Ceylon) PLC announced the appointment of Ajit Mahendra De Silva Jayaratne as the new Chairman of the Company with effect from October 27, 2021, following the demise of S P Tao, the Founder and Chairman of Overseas Realty (Ceylon) PLC. Prior to being appointed as Chairman of the Company, Ajit Jayaratne was an Independent Non-Executive Director of the Company since 2005. He is also the Chairman of the Audit Committee. He served at Forbes & Walker Limited for most of his working life, culminating in being appointed as the Chairman of the Company, a position he held for several years. He also served as the Chairman of the Colombo Stock Exchange, Finance Commission and Ceylon Chamber of Commerce. Upon retiring from the private sector, he was appointed as Sri Lanka's High Commissioner to Singapore. Upon completing his term in Singapore and returning to Sri Lanka, he continues to serve on the Boards of several public companies.