Ambeon Group announces new Board | Daily News


Ambeon Group announces new Board

Sanjeev Gardiner, Murali Prakash, Ajith Devasurendra, Ranil Pathirana
Sanjeev Gardiner, Murali Prakash, Ajith Devasurendra, Ranil Pathirana

In a strategic move to build in synergies, agility and create a robust governance structure between the Holding Company Ambeon Capital PLC and its Investment Holding and Management company Ambeon Holdings PLC, announced the restructuring of the Board of Ambeon Holdings PLC.

As such Sanjeev Gardiner has been appointed as Chairman, Non-Independent/Non-Executive Director, Ajith Devasurendra as Deputy Chairman, Non-Independent/Non-Executive Director and Ranil Pathirana Non-Independent/Non-Executive Director with effect from June 1, 2020. Gardiner, Devasurendra and Pathirana will continue their roles on the Board of Ambeon Capital PLC in addition to their new roles on the Board of Ambeon Holdings PLC.

Murali Prakash will continue to manage the Group as its Group Managing Director/Chief Executive Officer of both Ambeon Capital PLC and Ambeon Holdings PLC.

The Ambeon Group is a dynamic and diversified Group of Companies which continues to seek lucrative business opportunities and transforms entities to be the best within their respective industries. This change at Board level was consequent to the restructure within the group over the past couple of years where in Ambeon Capital PLC becoming a Holding entity, whilst Ambeon Holdings PLC becoming an Investment Holding and Management company.

“The sustainability of organizations largely depend on how agile entities are in reacting and responding to changes in market dynamics. It is therefore with great pleasure that I accept the position of Chairmanship on the Board of Ambeon Holdings PLC, at a time when we are navigating to build a sustainable and future centric entity in the new normal,” stated Sanjeev Gardiner, Chairman Ambeon Capital PLC and Ambeon Holdings. “Organizations’ future is chartered based on their core values and amidst current pandemic and the changes towards new normal company, this would enable us to be more focused on building a future proof entity” Gardiner concluded.

The Group further informed that former veteran banker A G Weerasinghe who was appointed as Chairman of Ambeon Holdings PLC with effect from 2013 will relinquish his role as Chairman but will continue as Director of the said company and its subsidiaries as well as remain in several of the board subcommittees.

Murali Prakash, said, “The Ambeon group is built on a set of values that are considered cornerstones of building a sustainable and future proof organization. The agility and learning mindset come from these values of empowering people, channeling teamwork, actioning results and seeing beyond. These are built on a robust platform firmly anchored onto governance, risk and compliance.”

With over 3000 employees the Ambeon group prides itself as being future ready, as it continues to be astute, driven, nimble and visionary – with an expanded range of products, strong globalized local brands, premier technology and innovation platforms, extending its footprint across new businesses, markets and regions.

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