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Janashakthi Insurance PLC announced the appointment of HuseinEsufally, a leading business personality in Sri Lanka, as the new Chairman of its Board, following the retirement of its incumbent Chairman and Director, W. T. Ellawala.
Esufally, prior to the appointment, held the position of Deputy Chairman of the Board of Janashakthi Insurance PLC and its subsidiary Janashakthi General Insurance Ltd. He is presently the Chairman of Hemas Holdings PLC, where he served as Chief Executive Officer from January 2001-March 2014.
A reputed business figure in Sri Lanka, Esufally has been instrumental in transforming Hemas from a private company to one of the leading blue chips on the Colombo Stock Exchange. As an organisation that has continuously had strong and dynamic leadership, Esufally’s wealth of business acumen and expertise across many industries will no doubt complement the company’s credentials, and contribute immensely towards further fortifying Janashakthi’s position in the market place.
Esufally takes on the role of Chairman from his predecessor W. T. Ellawala, who joined Janashakthi as a Director at its inception in 1994 and subsequently took on the role of Non-Executive Chairman in 2005. For over two decades, Ellawala has played a vital role in contributing towards the company’s progress.
The Board of Directors of Janashakthi Insurance PLC now comprises HuseinEsufally – Chairman, Prakash Schaffter – ManagingDirector, Jude Fernando – Director/Chief Executive Officer, L.C.R. de C. Wijetunge, Manjula Mathews, Ramesh Schaffter, Eardley Perera and AnushyaCoomaraswamy.
Janashakthi Insurance PLC, founded in 1994 by renowned Insurer C.T.A. Schaffter, made its mark in the industry as an innovator and household name over a span of two decades. Today, the company stands strong as a leader in Motor, Non-Motor and Life Insurance services, and with its recent acquisition of AIA General Insurance Lanka Ltd., continues resolutely on its vision of lighting the lamp of insurance in every home and work place.
