LAUGFS Power PLC announced that as a part of the continuing group management succession plan, Mr. Piyadasa Kudabalage has been appointed as the Group Managing Director/Group CEO of LAUGFS Power PLC with effect from 25th May 2020. With this appointment, Mr. Kudabalage shall function as an Executive Director of the Company. It is further informed that in addition to the above, Mr. Kudabalage is also appointed as the Group Managing Director/Group CEO for the entire LAUGFS Group as well. Mr. Kudabalage had occupied the top-rung positions in all sectors he was engaged with. He was the one-time Managing Director/Chief Executive Officer of Sri Lanka Insurance Corporation Ltd, Litro Gas Lanka Ltd, Canwill Holdings (Pvt) Ltd. (Hyatt Hotel Group), Director Peoples Bank and all its subsidiaries, Colombo Dockyard PLC and was also the Chairman of Merchant Bank of Sri Lanka from January 2012 to September 2014.