December 14, Colombo (LNW): The Board of Directors of Union Bank of Colombo PLC has appointed Dinesh Weerakkody as its new Chairman, effective September 30. This decision follows the resignation of Nirvana Chaudhary, who stepped down due to ongoing commitments in Nepal.
The resignation of Chaudhary, who will continue as a Director of the Bank, was accepted at a Board meeting on September 30, according to a stock exchange filing.
Weerakkody, who previously served as an independent non-executive director at the bank, brings extensive experience in banking and leadership. He is a former Chairman of both Commercial Bank of Ceylon and Hatton National Bank and has served on the Board of DFCC Bank.
In 2015, Weerakkody chaired a government-appointed committee to review the consolidation of banks and non-bank financial institutions. He is also the Chairman of the Employers’ Federation of Ceylon and holds directorships in several companies.
Weerakkody’s qualifications include an Advanced Diploma in Business Administration from the UK, and he is a Fellow of both the Chartered Institute of Management Accountants (UK) and the Certified Management Accountants (Sri Lanka).
