Sathosa Motors PLC announced that Mr. Ajita de Zoysa, Non-Executive Independent Director and Chairman of company, will retire from the Board with effect from 31 March 2015. Mr. Sumal Joseph Sanjiva Perera, who currently serves as the Managing Director of the company will be appointed as the Chairman of the company with effect from 19 April 2015. Mr. Tilak Dias Gunasekara who currently serves as the Executive Director of the company will be appointed as the Managing Director, with effect from 1 April 2015.