Colombo, Sri Lanka – 04 September 2026 – People’s Insurance PLC (CSE: PIL), a leading entity in Sri Lanka’s dynamic insurance industry, has announced a significant update to its corporate governance structure with the appointment of Ms. Gonaduwa Kaluarachchige Chalani Maduwanthi as the new Company Secretary. The appointment became effective today, 04 September 2026, as formally communicated to the Colombo Stock Exchange (CSE).
Key Leadership Transition at People’s Insurance PLC
According to the official announcement, Ms. Gonaduwa Kaluarachchige Chalani Maduwanthi will assume the vital responsibilities of Company Secretary, taking over from Mr. Sumudu K. Wickramarachchi, the Chief Legal Officer, who had been serving in the capacity of Acting Company Secretary. This transition underscores the company’s continuous commitment to strengthening its corporate framework and ensuring adherence to regulatory standards.
The change was formally notified to the Colombo Stock Exchange in compliance with Section 8 of the CSE Listing Rules, which mandates disclosure of such key appointments to maintain transparency and inform stakeholders. The Chief Executive Officer of People’s Insurance PLC signed off on the official notification, reaffirming the company’s commitment to robust corporate governance.
People’s Insurance PLC: A Strong Presence in Sri Lanka’s Financial Sector
People’s Insurance PLC operates as a fully licensed insurance provider, regulated by the Insurance Regulatory Commission of Sri Lanka. The company is a key subsidiary of People’s Leasing & Finance PLC, with People’s Bank serving as its ultimate parent company. This strategic positioning within the People’s Group offers substantial financial backing and reinforces its stability and reliability in the competitive Sri Lankan insurance market. With its headquarters located at No.07, Havelock Road, Colombo 05, People’s Insurance PLC continues to play a pivotal role in offering comprehensive insurance solutions across the island nation.
The appointment of a new Company Secretary is a standard and essential aspect of maintaining effective corporate governance. It ensures that the company remains compliant with all statutory and regulatory obligations while upholding best practices in corporate administration.
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