Colombo Land and Development Company PLC (CLDC) announced that Mr. Vasula Premawardhana was appointed as the Chief Executive Officer to the company with effect from January 1, 2016. He is an accomplished professional with over 20 years of comprehensive professional and commercial experience both domestic and international. He serves on the Boards of Directors of several listed and unlisted companies.

The company announced CSE that the previous announcement appointing Mr. Devadharshan Jayadeva as the Chief Executive Officer was erroneous and he will remain as the Chief Operating Officer of the company.