Husein Esufally Appointed Chairman of Janashakthi Insurance PLC

Janashakthi Insurance PLCannounced the appointment of Mr. Husein Esufally, a leading business personality in Sri Lanka as the new Chairman of its Board, following the retirement of its incumbent Chairman and Director, Mr. W. T. Ellawala.

Mr. Esufally, prior to the appointment, held the position of Deputy Chairman of the Board of Janashakthi Insurance PLC and its subsidiary Janashakthi General Insurance Limited. He is presently the Chairman of Hemas Holdings PLC., where he served as Chief Executive Officer from January 2001 – March 2014. A reputed business figure in Sri Lanka, Mr. Esufally has been instrumental in transforming Hemas from a private company to one of the leading blue chips on the Colombo Stock Exchange. As an organisation that has continuously had strong and dynamic leadership, Mr. Esufally’s wealth of business acumen and expertiseacross many industries will no doubt compliment the Company’s credentials, and contribute immenselytowardsfurther fortifying Janashakthi’s position in the market place.

Mr. Esufally takes on the role of Chairman from his predecessor Mr. W. T. Ellawala, who joined Janashakthi as a Director at its inception in 1994 and subsequently took on the role of Non-Executive Chairman in 2005. For over two decades, Mr. Ellawala has played a vital role in contributing towards the Company’s progress.

The Board of Directors of Janashakthi Insurance PLC now comprisesMr. Husein Esufally–Chairman, Mr. Prakash Schaffter -Managing Director, Mr. Jude Fernando – Director/ Chief Executive Officer, Mr. L. C. R. de C. Wijetunge, Mrs. Manjula Mathews, Mr. Ramesh Schaffter, Mr. Eardley Perera and Ms. Anushya Coomaraswamy.

Janashakthi Insurance PLC, founded in 1994 by renowned Insurer C. T. A. Schaffter, made its mark in the industry as an innovator and household name over a span of two decades. Today, the Company stands strong as a leader in Motor, Non-Motor and Life Insurance services, and with its recent acquisition of AIA General Insurance Lanka Limited, continues resolutely on its vision of lighting the lamp of Insurance in every home and work place.