Commercial Development Company PLC informed that the Board of Directors of Commercial Development Company PLC appointed Mr. Wadugamudalige Marius Ravindra Srilal Dias, Director of the company as the Managing Director of the company with effect from April 25, 2012, upon the resignation of Mr. Amitha Lai Gooneratne as the Managing Director of the company. Mr. Gooneratne will continue to function as a Director of the company.