Associated Motor Finance Company PLC
Board of Directors
Mr. K.D.U.S. Nanayakkara
Chairman – Independent Non-Executive Director
Mr. K.D.U.S Nanayakkara, an Independent Non-Executive Director of the Board of Associated Motor Finance Company PLC since 5th November 2015 was appointed as Chairman of the Company on 18th May 2020.
Mr. Nanayakkara holds a Bachelor of Science Degree in Pure Mathematics and Physics from the University of Colombo and an MBA from the Postgraduate Institute of Management, University of Sri Jayewardenepura. He is also a Fellow member of the Chartered Institute of Management Accountants, UK.
Mr. Nanayakkara commenced his career at Linea Intimo, a fully owned subsidiary of the MAS Holdings in 1999 and moved up the rank to become the Director Finance of MAS Active division in 2014, where he served in this capacity till the end of 2017. During this period, the Finance Team of MAS Active won the prestigious CIMA Case Study Award in 2012 under his leadership. This case study was based on the successful Finance transformation with the implementation of the Lean Enterprise in a service function. Subsequently, he served as the Director – Manufacturing and Planning of MAS Active, the sportswear division of MAS Holdings. He has been an active member in setting up a manufacturing partnership in China, India and Jordan. He was also responsible in setting up MAS operations in the Western Hemisphere. He was appointed as a Board Director of MAS Legato (Pvt) Ltd., MAS’s shared services operation with effect from 1st January 2017 and currently he serves as the Chief Executive Officer of MAS Legato (Pvt) Ltd.
Mr. J.P.I.Nalatha Dayawansa
Deputy Chairman / Executive Director
Mr. J.P.I. Nalatha Dayawansa is a Diploma holder in Automobile Engineering in Stuttgart, Germany and has been an Apprentice of the Dimo, Mercedes Benz AG and Bosch GmbH. He has undergone extensive training locally and internationally in relation to automobile engineering. He possesses a vast knowledge and experience in this field, which prompted him to start his own business venture namely, Imperial Import & Export Company (Pvt) Ltd in 1983 and pioneered the import of used high end cars. It also involves the importation of farm and earth moving equipment and prime movers from UK. He is also the holder of a Diploma in Economic and Management from the London School of Economics and Management in UK. He was appointed as an Executive Director to the Board of Associated Motor Finance Company PLC in 1982 and after the demise of his father late Mr. J.P.I. Piyadasa in 1995: he succeeded as the Chairman and Managing Director of the Company. He has over 36 years of extensive experience in many industries such as Finance, Hospitality and Leisure, Garments, Exports and Imports. In addition to the above, he is currently the Chairman and Managing Director of Poltech (Ceylon) Ltd., a public company engaged in garment exports and also the Chairman and Managing Director of Imperial Import & Export Company (Pvt) Ltd., a private limited company engaged in importing and trading of used motor vehicles from UK. He has been appointed as the Deputy Chairman of the company since 1st of April 2021.
Mr. T.M.A. Sallay
Executive Director / Chief Executive Officer
Mr. Sallay is a Fellow Member of the Chartered Institute of Management Accountants of UK (FCMA) and Chartered Global Management Accountant (CGMA) and a fully qualified Member of the Institute of Certified Management Accountants of Australia (CMA). He is also a Fellow Member of Chartered Institute of Marketing of UK (FCIM) and a holder of a Master’s in Business Administration from the Asia University of Malaysia.
Mr. Sallay is a financial professional with over 34 years of extensive and diverse work experience in the fields of Finance, Auditing, Marketing, Credit, Recoveries, Project Management and Event Management. He has held many positions, both strategic and operational, in many organizations and has wide exposures in diverse sectors such as Finance, Hospitality, Healthcare, International Event Organization, Communications, Trading and Manufacturing. Mr. Sallay joined Associated Motor Finance Company PLC, in 1997 as the Group Accountant. He was promoted to the post of General Manager in 2003 and to the post of CEO/ General Manager in 2011. He also served as an Executive Director of Arpico Finance Company PLC since December 2014. He has now been appointed to the Board of AMF as an Executive Director since 1st of April 2021.
Mr. J.P.I.Shanil Dayawansa
Mr. J.P.I. Shanil Dayawansa holds a Degree in Accounting and Management (BA) from the University of Essex (UK) and Master’s Degree in International Business (MA) from the Monash University in Melbourne, Australia. Both these qualifications focus on finance and management of business. He was appointed as an Executive Director to the Board of Associated Motor Finance Company PLC in September 2009. He has been the recent inclusion to the Board to bring youthfulness to the Board of Associated Motor Finance Company PLC, with a view to strengthen it further, with the financial and accounting aspects and to improve the corporate governance of the Company.
Mrs. A.S. Dayawansa was appointed as an Executive Director to the Board of Associated Motor Finance Company PLC in 1995. In addition to this, she has been holding directorships at Poltech (Ceylon) Ltd., a public company engaged in garment exports and at Imperial Import & Export Company (Pvt) Ltd., a private company engaged in importing and trading of used motor vehicles from the UK. She is also the Managing Partner of Ayathi, a dress boutique, which caters exclusively to the high-end market. She has over 22 years of experience in sectors such as Finance, Garments, Imports and Exports.
Mr. Nilanka Pieris
Director – Non-Independent Non-Executive
Mr Pieris is a Finance Professional with over 30 years of diverse experience in areas of Financial Planning & Control, Financial Auditing, Credit Operations & Management, Business Development & Analysis, Information Technology, Project Management and Logistics Operations. He is a Fellow Member of the Institute of Bankers (Sri Lanka), Fellow Member of the Sri Lanka Institute of Credit Management, Associate Member of the Chartered Institute of Management Accountants and a Chartered Global Management Accountant, Member of the Sri Lanka Institute of Directors and Chartered Member of the Chartered Institute of Logistics and Transport.
Having commenced his banking career with Seylan Bank he was subsequently appointed to the Board of Arpico Finance Company PLC as an Independent Non-Executive Director in January 2012 and appointed as the Senior Director in 2019 until January 2021. He served as the Chairman of the Audit Committee, Integrated Risk and Related Party Transactions Committees. He also functioned as an Independent Non-Executive Director of People’s Bank where he served as the Chairman of the Audit, Risk, IT Committee and was a member of the Credit Committee. He currently serves as Non-Executive Director of Associated Motor Finance Company PLC.
In addition to his appointments in the Banking and Non-Banking Financial sector he is the Managing Director of Gensoft (Pvt) Ltd which is the largest software development company for the logistics industry in Sri Lanka and also serves as a Director of Black Hat Force (Pvt) Ltd an Information Security company focused on cyber security.
From an educational perspective he is a visiting lecturer at the University of Kelaniya. In a Honorary Capacity he serves on the Governing Council of the Sri Lanka Institute of Credit Management, as the Treasurer of the Singhalese Sport Club and as a Member of the Technology and Innovation Committee of the Sri Lanka Institute of Directors.
Mr. Suren Goonewardene
Director – Independent Non Executive
Mr. Suren Goonewardene has over two decades worth of rich domain experience spanning across multiple industries and possess expertise in the fields of Telecommunication, Information Technology, Strategic Planning, Organizational Restructuring, Investment/Credit Management, Finance, Marketing & Sales, General Management and Business Consultancy.
He holds a bachelor’s degree in Business Accounting from Monash University, Australia, a Fellow Member and holder of the Graduate Diploma in Marketing from the Chartered lnstitute of Marketing, UK., a Member of the Certified Practicing Accountants of Australia and a member of the Sri Lanka lnstitute of Marketing. He was also a Council Member of the Employer’s Federation of Ceylon and a former Member of the Executive Committee of the lndian Chamber of Commerce in Sri Lanka.
He possesses over 31 years of extensive and diverse work experience holding strategic management positions in the areas of general management, strategic restructuring, investments / credit management, finance, marketing / sales, operations and business consultancy.
He is the Managing Director of Lankem Ceylon PLC, a well-diversified conglomerate. He has functioned in the capacity of Chairman and Managing Director, Bharti Airtel Lanka Limited, Chief Operating Officer, Dialog Television and Fixed Line Services, Group Managing Director, Lanka Bell Limited and has also served on the Boards of Ceylon Shipping Corporation, Civil Aviation Authority of Sri Lanka and Arpico Finance Company PLC. He was a Council Member of the Employers’ Federation of Ceylon and a former Vice President of the Indian Chamber of Commerce in Sri Lanka. He currently serves on the Boards of First Guardian Equities Limited and Dawi Investment Trust (Private) Limited.
Mr. Tauchira Gooneratne Kandamby
Independent Non-Executive Director
Mr. T.G. Kandamby was appointed to the Board of Associated Motor Finance Company PLC on 23rd April 2020. Mr. Kandamby is a Fellow member of the Institute of Chartered Accountants of Sri Lanka and Certified Management Accountants of Sri Lanka. He also holds a Post-graduate Executive Diploma in Bank Management from the Institute of Bankers Sri Lanka.
He counts over 30 years of professional experience in management & consultancy in the fields of accounting, auditing, corporate management, finance, tax and has extensive exposure to a wide range of enterprises relating to construction, engineering, services, trading, agriculture, energy, information technology, entertainment etc. He has functioned as Chief Executive Officer/General Manager of Nanda Investments & Finance PLC and also held senior management positions in abroad as Accountant and presently serves as Director of private companies & practice in the name of T G Kandamby & Company.
Mr. Ranil Wijegunawardane
Independent Non-Executive Director
Mr. R. Wijegunawardane was appointed to the Board of Associated Motor Finance Company PLC on 18th May 2020.
Mr. Wijegunawardane is a Fellow member of the Institute of Chartered Accountants of Sri Lanka. He also has a Post-graduate Diploma in Management awarded by the University of Sri Jayewardenepura and a Diploma in Treasury Investment & Risk Management awarded by the Institute of bankers in Sri Lanka.
He counts over 30 years of professional experience in Financial & Management accounting, Taxation, Auditing, Administration, Procurement, Information Technology, Systems implementations and General & Corporate Management in leading listed Companies as well as other Institutions.
He has functioned as the Managing Director /Chief Executive Officer of Colombo Dockyard PLC and also previously held the position of Chief Finance Officer at the said company. He has served at several leading Companies in Sri Lanka and overseas in the capacity of Director, CEO, CFO and General Manager. Presently he acts as a business consultant to other companies as well.
Associated Motor Finance Company PLC is a quoted public limited liability company registered with the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011.