Oct 25, 2019 (LBO) – Otara Gunewardene has tendered her resignation from Singer Sri Lanka board which will be effective from 31 December 2019.
The company said in a stock exchange filing that she does not have any relevant interests in shares of the Company as specified in the listing rules as at date.
Joined to the board on the 01 August 2018, Gunewardene served as a non-Executive Independent Director of the company.
Otara rose to fame as Sri Lanka’s leading female entrepreneur, fashion icon and philanthropist and her lifestyle store, Odel, became renown throughout Asia as a top retailer.
Otara Gunewardene was the first female entrepreneur to take her company public in Sri Lanka in 2010.
After 25 years of hard work that spearheaded Odel as Sri Lanka’s number one department store, Otara sold her shares to Softlogic in 2014, marking the end of a glorious era.