At the Board meeting of the Panasian Power PLC, held on the 20th of February 2020, it was resolved that the Chairman /CEO Dr. Prathap Ramanujam will relinquish his duties as the CEO from the 1st of April 2020. He will continue to serve on the Board as a Non-Executive Director and as the Chairman of the Board. Mr. Poddiwala Kankanamge Pathmanatha was appointed as the Director/CEO of the Panasian Power Group (PAP), who had been functioning as the Director/GM since June 2017.

Dr. Ramanujam has served as the CEO and Chairman of the Board from the time the Company went public and steered the organization to its current status. Mr. P.K.Pathmanatha is an Engineer by profession with qualifications into business administration (MBA in Technology Management) and Management Accountancy, CMA(Aust). He counts over 17 years' experience in the field of engineering & management attached to leading conglomerates in which 10 + years in the field of renewable energy sectors.

His has expertise in development of renewable energy projects from project identifications to commercial operation and also operate & maintain project assets more efficiently and effectively. There has been a delay in making an immediate disclosure, due to an oversight and also the prevailing situation in the country has contributed to the delay. This is very much regretted.