Shermal Fernando has been appointed as Chief Operating Officer (COO) of CIC Holdings PLC with effect from September 1, the company said in a brief media statement yesterday.

Fernando’s appointment comes in the wake of the resignation of CIC Holdings Managing Director/CEO Samantha Ranatunga’s resignation with effect from August 31.
Fernando was first appointed to CIC Holdings’ director board in November 2005.

He held the position of Group Finance Director /Company Secretary until he left for overseas in November 2010.

 He re-joined the company as Group Finance Director / Company Secretary in July 2017.  

Fernando holds a B.Sc. degree in Physical Science from the University of Colombo and is a Fellow Member of the Chartered Institute of Management Accountants UK with over 25 years of experience including 7 years of overseas experience in finance, general management and operations. 

He is also the CEO of Chemanex PLC, a subsidiary of CIC Holdings PLC and serves as a Non-Executive Director on the boards of several unlisted companies of the CIC group.