Mithila Wegapitiya has been appointed the Vice Chairman of LAUGFS Holdings Ltd., following the resignation of Thilak de Silva, who was also the Co-Founder, last week.
He currently serves as the CEO of LAUGFS Power PLC, one of Sri Lanka’s largest public listed renewable energy companies, as well as operating as a Group Executive Director for LAUGFS Holdings, one of Sri Lanka’s most diversified conglomerates hosting 26 companies ranging from Power and Energy, Oil and Gas, Manufacturing, Retail, and Pharmaceuticals.
This appointment is fresh off the acquisition of 50% of shares of LAUGFS Holdings by Vallibel Three Ltd., of renowned business leader Dhammika Perera.
Son of other Co-Founder and Chairman W.H.K. Wegapitiya, Mithila Wegapitiya is a Liquefied Petroleum Gas (LPG) and renewable energy leader, technology entrepreneur, and an innovation enthusiast stemming from a management and finance, global marketing, and information technology background.
Wegapitiya has over 15 years of experience working in large global organisations, such as Warner Bros Interactive Entertainment (London), Ve Interactive (London), Deutsche Bank (Asia), as well as Virtusa Corporation for Sri Lanka, Asia and the Pacific (APAC), and the Americas. He is also a thought leader and advocate in APAC for up-and-coming technologies, such as intelligent automation and Robotic Process Automation.
In 2016, Wegapitiya co-founded POTENZA, a global startup focusing on technology consulting and digital transformation services in the areas of SAP Consulting, Data and Analytics, and Intelligent Automation and Artificial Intelligence (AI). With a workforce of over 100+ consultants across the globe across 13 different countries headquartered in Singapore and Australia, POTENZA is a startup working with some of the biggest brands in the world, including that of Bombardier, Bacardi, AIA Insurance, Chip Mong, and many more.
Wegapitiya is an undergraduate of Aston University in the UK and holds an MBA from the prestigious Postgraduate Institute of Management (PIM) In Sri Lanka. He also served in the Executive Committees of the Sri Lanka Association for Software and Services Companies (SLASSCOM) Intelligent Automation Centre of Excellence and Federation of Information Technology Industry Sri Lanka (FITIS). He is also one of the youngest Board Members to serve Sri Lanka Computer Emergency Readiness Team (CERT|CC), which is the national body for and first line of defence for Sri Lankan cybersecurity and cyber threats.
Wegapitiya’s new role as Vice Chairman will focus on utilising the deep synergies between LAUGFS’s newfound series of sister companies, where the organisation would be transformed through financial restructuring of the Group, post-acquisition strategy formulation, organisational restructuring, new business development, and internationalisation.
Source: DailyFT
