Property Development Plc announced that at board meeting held on March 17, 2015 the company approved appointment of Mr. Saminda Jayasekara as Chairman with capacity Non-executive independent director, Mr. G. H. Chandrasiri as Director with capacity Non-executive non-independent director, Mr. Chris Mendis as director with capacity Non-executive independent director, Mr. Padmasiri Ranamukaarachi as director with capacity Non-executive independent director, Mr. Rohan Karunaratne as Director with capacity Non-executive independent director, Mr. Sarath Abeysinghe as director with capacity Non-executive independent director. The company also announced the resignation of director and withdrawal of nominations as director to the board: Mr. Ronald C. Perera as Non-executive non-independent director, Dr. M. S. Perera as Non-executive independent director, Mr. D. M. Gunesekera as Non-executive non-independent director, Mr. Dave Siriwardene as Non-executive independent director, Mr. Chaminda Perera as Non-executive independent director, Ms. S. H. Ranawaka as Non-executive non-independent director effective March 17, 2015.