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Dialog Axiata appoints Arjuna Herath as Independent Non-Executive ...
Dialog Axiata PLC has announced the appointment of Arjuna Herath as an Independent Non-Executive Director, effective 1 May 2026.Herath brings extensive experience across consulting, corporate finance, investments, and regulatory governance. “Arjuna brings a unique blend of private sector experience and public sector leadership, with deep exposure to regulatory and institutional environments. His insights will add meaningful value to the Board as we continue to strengthen governance and navigate an increasingly dynamic digital landscape,” said Dialog Axiata PLC Chairman David Lau. Herath most recently served as Chairman of the Board of Investment of Sri Lanka, contributing to national investment promotion strategy. He was also the inaugural Chair of the Sri Lanka Data Protection Authority, where he led early regulatory efforts in digital privacy. Earlier, he served as Senior Partner and Head of Consulting at Ernst & Young (EY) Sri Lanka and Maldives, and held roles in corporate development at Ceylon Tobacco Company and Merchant Bank of Sri Lanka. He has held several key regulatory roles, including as Commissioner of the Securities and Exchange Commission of Sri Lanka, Board Member of the Sri Lanka Accounting and Auditing Standards Monitoring Board, and Member of the Company Law Advisory Commission. He currently serves as a Director of the Colombo Stock Exchange. Herath is a Fellow Member and a Past President of The Institute of Chartered Accountants of Sri Lanka and has contributed extensively to the global accountancy profession. He is the first Sri Lankan to chair a committee of the International Federation of Accountants (IFAC), where he led the Professional Accountancy Organisation Development Committee. He holds a Bachelor of Science degree from the University of Colombo, an MBA from the University of Strathclyde in the United Kingdom, and a Master of Arts in Financial Economics from the University of Colombo. Dialog Axiata looks forward to the insights and perspective Herath brings to the Board, further strengthening its commitment to strong governance, operational excellence, and innovation.
Dialog Axiata appoints Arjuna Herath as Independent Non-Executive Director
Despite a reshuffle at the helm of energy sector, the government has moved swiftly to reassure markets, investors, and industry stakeholders that policy continuity—not disruption—will define the road ahead. Newly appointed Power and Energy Minister Anura Karunathilake, assuming duties at a moment of heightened scrutiny, made it clear that the administration’s core commitment remains unchanged: uninterrupted supply of electricity and fuel, regardless of political transitions. His remarks come at a critical juncture for the country’s energy economy—still recovering from past volatility, navigating global price pressures, and attempting to build investor confidence in long-term infrastructure and generation projects. Addressing journalists following his appointment, Karunathilake struck a notably measured tone, signaling stability rather than reformist disruption. “The national energy policy is anchored in long-term objectives. There is no shift in direction,” he said, in what analysts interpret as a deliberate message to both domestic and foreign investors wary of policy reversals. Energy economists note that Sri Lanka’s power and fuel sectors remain deeply sensitive to political signals. Even minor uncertainty can ripple through procurement cycles, independent power producer (IPP) negotiations, and fuel hedging strategies. By emphasizing continuity, the government appears intent on avoiding the stop-start policy cycles that have historically plagued the sector. The transition follows the resignation of former Minister Eng. Kumara Jayakody and Ministry Secretary Prof. Udayanga Hemapala on April 17, a move widely viewed as an attempt to ensure the independence of an ongoing Presidential Commission probing coal procurement processes. From a governance perspective, the resignations may serve to reinforce institutional credibility—particularly at a time when transparency in energy procurement is under intense public and political scrutiny. Karunathilake acknowledged opposition criticism regarding transparency but responded with a firm challenge: present concrete evidence to investigative authorities rather than litigating issues through media narratives. Perhaps the most market-sensitive assurance came in the Minister’s outright rejection of imminent power cuts. Energy supply stability remains a cornerstone of economic recovery. From export manufacturing to tourism and digital services, uninterrupted electricity is non-negotiable. Karunathilake indicated that gr...
Dialog Axiata appoints Arjuna Herath as Independent Non-Executive...
Dialog Axiata PLC, Sri Lanka's #1 connectivity provider, announced the appointment of Mr. Arjuna Herath as an Independent Non-Executive Director, ...
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