After being at the helm of the Vision Investments Ltd (VIL) for the past 11 years, chief executive officer PL Munasinghe is ready to end his term, effective from January 1, 2023.
A market announcement from the South Pacific Stock Exchange (SPX) said over the intervening 11-year period, he had overseen a remarkable period of transformation, diversification and growth of the company and the group.
Mr Munasinghe said after a lifetime of work and a career that spanned 44 years beginning in 1979 at Ford Rhodes Thornton & Co – a firm of chartered accountants in Sri Lanka, it was time to step back and pursue some interests outside of work.
According to Mr Munasinghe the time is just right, as he sincerely believes there must be a change of leadership at periodic intervals, especially at the very top.
He thanked the chairman Dilip Khatri, deputy chairman Navin Patel, the Vision Founder directors, the board of directors and the highly talented senior management group, for the unstinted support he received and for a highly satisfying and rewarding career with Vision.
Mr Munasinghe has been appointed as the company secretary effective from February 1, 2023 and he replaces Niraj Bhartu.
