Group Finance Director
CurrentLaugfs Group is SLR 65+ Bn turnover group operating in diverse sectors such as Power & Energy, Manufacturing, Retail to Leisure, envisioning to be one of the biggest Power & Energy groups in the region. Some of the SBUs are listed in Colombo Stock exchange; Employing a staff of 4,000 approx. I am the Group Finance Director (a Board Position) for the group. I am responsible for guiding the strategic direction of the group in addition to the core role of ensuring financial wellbeing/restructure of the existing finances. I have encouraged the senior management team to ensure financial discipline in the businesses and to ensure management of the capital structure in carrying out day to day operations. I have standardized the internal reporting with a view to ensure that the SBUs report their performance in an objective manner with a constant reminder of achievement of the overall long term goals. I have Set KPIs for the businesses based on the Balanced Score Card principles and driven business improvement strategies, which shows that the improvement of any business is based on the Board having the foresight to create an enabling environment.I have re-engineered the Finance function of the group where finance professionals bring in cutting edge developments to operations. The finance function is being transformed into a fully digitalized function with automation of processes being the cornerstone. I have elevated the role of the Corporate Finance function to guide the direction of the portfolio of SBUs. I set up the centralized functions such as Group Treasury function, Tax function & Shared Services Function etc. which were the need of the hour. The group audit function was transformed into a seamless operation, where it now operates 'hand in glove' with the SBUs not only to ensure the internal controls function properly, but also to guide the management team based on Enterprise Risk Management from the outset.