Property Development PLC announced the resignation of Preethi Jayananda Jayasinghe as Non-Executive Non Independent Director, effect from May 6, 2015. The company also appointed Subasinghe Mudiyanselage Sarath Chandralala Jayasuriya as Non-Executive Non Independent Director, effective May 7, 2015. Mr. S M S C Jayasuriya was appointed as the Deputy General Manager (Finance and Planning) of Bank of Ceylon in My 2013.

He was a member of the Executive Management since November 2009 and served as the Assistant General Manager in charge of the Treasury Division and Investment Banking Division. He was also the CEO of the Primary Dealer Unit of the Bank. His current portfolio includes financial accounting, budget and strategic planning, MIS, Treasury Back Office.

At present he serves as alternative Director in Sri Lanka Credit Information Bureau, BOC Property Development & Management (Pvt) Limited. He was a Member of the Executive Committee of the Sri Lanka Forex Association for many years.