GP Petroleums Limited has announced the resignation of Ajay Navaratne, Vice President – Rubber Process Oils (RPO), effective immediately due to health reasons. The development was conveyed in an exchange where Sunil Kumar Shetty, the CHRO, confirmed that Navaratne’s resignation has been accepted with immediate effect and extended thanks for his contributions during his tenure.
Navaratne’s departure represents a notable leadership shift within a specialized unit of GP Petroleums. As the head of the Rubber Process Oils segment, his role was central to a core area of the company’s product portfolio. While the company has not disclosed a succession plan in the public communications, the move underscores the reality of leadership transitions in key managerial roles.
Sunil Kumar Shetty’s message of appreciation signals a respectful transition, with best wishes extended for the future. In the absence of a disclosed successor or interim arrangement, observers will be watching how GP Petroleums navigates continuity within the Rubber Process Oils function and the broader leadership landscape as the company progresses through this chapter.