Ceylinco Life Insurance Limited (Ceylinco Life) has appointed R. Renganathan, the Company’s Managing Director/CEO, as Executive Chairman on November 14, and Deputy CEO Thushara Ranasinghe as Managing Director and CEO. The changes at the top were a part of the company’s succession plan, a spokesman for the company said.
R. Renganathan has been at the helm of Ceylinco Life from the Company’s inception in January 1988. A Fellow of the Institute of Chartered Accountants of Sri Lanka and of the Chartered Institute of Management Accountants, he was responsible for setting up the company after the Government permitted private insurers to enter the industry in 1987.
Thushara Ranasinghe has also been with Ceylinco Life from its inception and was a member of the founding team. A Fellow of the Chartered Institute of Marketing (CIM) UK, he has an MBA from the Postgraduate Institute of Management (PIM) of the University of Sri Jayewardenepura. years in sales, marketing and strategic planning.