Sunshine Holdings announced the appointment of Sivakrishnarajah Renganathan (S. Renganathan) to the company's board as an Independent Non-Executive Director, with effect from May 27, 2022. With the new appointment, the board of Sunshine Holdings will be comprised of 11 directors, eight of which are non-executive, independent directors. With a rich tenure of 41 years in the banking sector, Renganathan is a financial savant, who has contributed to the success, growth and direction of financial markets in key leadership positions at several top-tier, local and foreign financial institutions such as Commercial Bank of Ceylon - Sri Lanka, Bangladesh operations acquired from Credit Agricole Indosuez - Bangladesh and Commercial Bank of Maldives.

In 2003, he was appointed as the first Country Manager of the Credit Agricole Indosuez Bangladesh's operations, which was the first-ever overseas operation of the bank. On his return to the country, he went on to hold a number of leadership positions at the organisation, contributing greatly to its success until ultimately, he was appointed to the pivotal role of Managing Director/Chief Executive Officer of the bank. Currently, he serves as Vice Chairman of the International Chamber of Commerce Sri Lanka, an Executive Member of the Ceylon Chamber of Commerce, an Executive Member of the Council for Business with Britain, a Member of the Sri Lanka Institute of Directors and Vice President of the Sri Lanka India Society and an Executive Member of the Council for Business with Britain.

Renganathan also served as a Director of Lanka Financial Services Bureau Limited and Sri Lanka Banks' Association (Guarantee) Limited and as a Council Member of the Employers Federation of Ceylon. Renganathan is a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Chartered Global Management Accountant (CGMA), Fellow of the London Institute of Banking & Finance, UK (FLIBF) and a Fellow of the Institute of Bankers Sri Lanka (FIB), with extensive leadership, management and banking training locally and overseas.