Kanagasabai appointed to People’s Leasing and Finance PLC Board

Yudhishtran Kanagasabai

Yudhishtran Kanagasabai has been appointed as an Independent Non-Executive Director of the Peoples Leasing and Finance PLC with effect from 11 August. He has also been designated as the Senior Independent Director of the Board.

Having qualified as a Chartered Accountant, Yudhishtran Kanagasabai commenced his career at PricewaterhouseCoopers and retired as its Chief Executive Officer in March 2017. A passion for excellence elevated the profile of the Sri Lankan and the Maldives Practice of the Firm (PricewaterhouseCoopers) to consistently provide quality solutions to clients within appropriate standards and applicable best practices.

Kanagasabai currently serves as the Chairman of Dankotuwa Porcelain PLC and Taprobane Capital Plus Ltd. He is also the Chairman of the Board Audit Committees of Ceylon Tobacco Company PLC, Eswaran Brothers Exports Ltd., Millennium IT ESP Ltd., and Ambeon Capital PLC, and an Independent Non-Executive Director of Cargills Bank Ltd., and MainGate Ltd. He is also a Non-Executive Director of Colombo City Holdings PLC.

He was also the Chairman of South Asia Textiles Ltd., from January 2021 to 31 May 2021, Chairman of the Audit Committee of Union Bank PLC from August 2016 to 31 December 2018, and a Commissioner of the Insurance Regulatory Commission of Sri Lanka from May 2018 to November 2018 and from December 2018 to November 2019. He was also a Non-Executive Director of Hunter and Company PLC and Lanka Canneries Ltd., from 2017 up to 31 March 2022. He was an Independent Non-Executive Director of Cargills Ceylon PLC and a Non-Executive Director of Cargills Food Company Ltd., until 31 July 2023.

With the latest appointment, the Board of Directors of People›s Leasing and Finance PLC comprises M.P. Amirthanayagam (Chairman), R. Pathirage, K.C.J.C. Fonseka, A.A. Ahamat, C.J. Wijetillake, U.L.A.W. Bandara, G.M.R.P. Wijerathna and  Y. Kanagasabai.