Rajkumar Renganathan
A Fellow of the Institute of Chartered Accountants of Sri Lanka Renganathan has been on the board of CDB since April 2000. He took over the reins as Chairman of CDB in 2008, and steered the company to establish it to its current grandeur during the decade of 2000 to 2011.
Under his stewardship, CDB's transformation from a small player in 2001 to a prominent dynamic player within the industry by 2011 has been remarkable. From 2001 to 2011, CDB's total asset base has grown from mere Rs 276 mn to Rs 14 bn. The annual revenue has grown from mere Rs 25 mn to around Rs 3 bn. Net assets which recorded a negative figure in 2001 have been converted to a positive of Rs 2 bn. From the loss making status in 2001, CDB has continuously recorded growth in profitability since 2004 and posted a net profit figure surpassing half a billion mark for the financial year 2010/11. Along with Renganathan two other long-standing Senior Directors namely Palitha Jayawardena and Thushara Ranasinghe will also be stepping down from the board after serving on the Board of CDB over a decade, complying with the Corporate Governance Direction applicable for financial institutions registered under the Finance Business Act.
Herschel Gunawardena, a Fellow member of the Chartered Institute of Management Accountants (UK) will take over as the Chairman and will be a Non Executive Director. Ranga Abeynayake, a Fellow member of Institute of Chartered Accountants Sri Lanka who also holds an MBA from the Postgraduate Institute of Management (PIM) and Joseph Jayewardene have been appointed as Non Executive Directors, whilst Dave de Silva a BSc.(Hon) in Business Administration from Sri Jayewardenepura University and also a Member of the Chartered Institute of Management Accountants (UK) has been appointed as an Independent Non Executive Director.