Watawala Plantations PLC confirmed the resignation of Binesh Neomal Pananwala as CEO, stating that it took effect on September 30, 2023. Pananwala currently holds the position of President All Island Dairy Association. He has over 31 years' experience in the plantation sector covering the tea, rubber, dairy, oil plam and other export development crops.

Pananwala started his career as a Trainee Assistant Superintendent under the Janatha Estate Development Board in the year 1992 and was raised to the position of Chief Executive Officer. He is a strong business development professional with a M.Sc. in Crop Science from the University of Peradeniya and a MBA from the Manipal (Sikkim) University.