Vallibel Finance PLC announced that Mr. K V P R De Silve who served as Chairman/Independent Non Executive Director on the Board ceased his office on 15 March 2019 on reaching the age of 70 years pursuant to paragraph 5(1) of finance Companies Direction No 3 of 2008. Mr. R M Kaurnatne, who currently served as an independent Non Executive Director was appointed the Acting Chairman of the company with effect from March 15, 2019.