COLOMBO, Sept. 2025 – Mithila Wegapitiya has been appointed the new Vice Chairman of LAUGFS Holdings Ltd., following the resignation of Thilak de Silva, Co-Founder and former Vice Chairman, last week.
This significant leadership change comes in the wake of Vallibel Three Ltd., led by business tycoon Dhammika Perera, acquiring 50% of LAUGFS Holdings’ shares, marking a pivotal moment in the conglomerate’s journey.
Leadership Profile
Mithila Wegapitiya, son of Co-Founder and Chairman W.H.K. Wegapitiya, currently serves as the CEO of LAUGFS Power PLC, one of Sri Lanka’s largest listed renewable energy companies. He also functions as a Group Executive Director of LAUGFS Holdings, which operates across 26 companies spanning Power & Energy, Oil & Gas, Manufacturing, Retail, and Pharmaceuticals.
An industry leader in Liquefied Petroleum Gas (LPG) and renewable energy, Wegapitiya brings a blend of expertise in technology entrepreneurship, management, finance, and global marketing to his new role.
Global Experience
With more than 15 years of international experience, Wegapitiya has worked with leading multinationals including:
- Warner Bros Interactive Entertainment (London)
- Ve Interactive (London)
- Deutsche Bank (Asia)
- Virtusa Corporation (Sri Lanka, APAC, Americas)
He is also recognized as a thought leader in APAC for emerging technologies such as intelligent automation and Robotic Process Automation (RPA).
Entrepreneurial Track Record
In 2016, Wegapitiya co-founded POTENZA, a global technology consulting and digital transformation startup headquartered in Singapore and Australia. With a workforce of 100+ consultants across 13 countries, POTENZA has partnered with major global brands including Bombardier, Bacardi, AIA Insurance, and Chip Mong.
The company specializes in SAP consulting, data & analytics, intelligent automation, and AI solutions, reinforcing Wegapitiya’s profile as a next-generation business leader with an innovation-driven outlook.
Academic and Industry Contributions
Wegapitiya is an alumnus of Aston University, UK, and holds an MBA from the Postgraduate Institute of Management (PIM), Sri Lanka.
He has served in leadership capacities across industry bodies, including:
- SLASSCOM Intelligent Automation Centre of Excellence
- Federation of Information Technology Industry Sri Lanka (FITIS)
- Sri Lanka CERT|CC – as one of the youngest-ever Board Members, contributing to national cybersecurity efforts.
Future Outlook for LAUGFS
In his new role as Vice Chairman, Wegapitiya is expected to lead a comprehensive transformation strategy, focusing on:
- Financial restructuring of the Group post-acquisition
- Post-acquisition strategy alignment with Vallibel Three Ltd.
- Organisational restructuring for efficiency
- New business development opportunities
- Internationalisation of operations
This marks a new era for LAUGFS Holdings, as the conglomerate positions itself to leverage both its diversified portfolio and the synergies brought about by its strategic partnership with Vallibel Three.
