BUDDHI WICKRAMANAYAKE NAMED CEO OF MBC NETWORKS

The Capital Maharaja Group has appointed Buddhi Wickramanayake as CEO of MBC Networks Ltd. With nearly three decades of service, Wickramanayake brings deep institutional loyalty and entrepreneurial drive. His leadership is expected to strengthen MBC Networks’ market position and guide its adaptation to Sri Lanka’s evolving media and broadcasting environment.

The Capital Maharaja Group has announced the appointment of Buddhi Wickramanayake as Chief Executive Officer of MBC Networks Ltd, marking a pivotal leadership transition for one of Sri Lanka’s most influential media organisations. Wickramanayake, a long-standing figure within the Group, steps into the role with nearly three decades of unbroken service, combining deep institutional loyalty with a reputation for entrepreneurial drive.  

MBC Networks, home to some of the country’s most prominent radio brands including Sirasa FM, Shakthi FM, Yes FM, Y FM, and Legends 96.6, has long been a dominant force in Sri Lanka’s broadcasting landscape. The appointment of Wickramanayake signals the Group’s intent to strengthen its position in an industry undergoing rapid transformation, where digital innovation, shifting audience behaviours, and evolving content delivery models are reshaping the competitive environment.  

Wickramanayake’s career within the Capital Maharaja Group reflects a rare blend of continuity and adaptability. Having been an integral part of the organisation’s media operations, he has contributed to its growth and resilience through periods of technological disruption and market change. His leadership style, characterised by strong vision and a deep understanding of the evolving media landscape, is expected to guide MBC Networks into its next phase of expansion and diversification.  

Industry observers note that his appointment comes at a critical juncture for Sri Lanka’s media sector, which faces the dual challenge of maintaining credibility while embracing new platforms and formats. Wickramanayake’s familiarity with the organisation’s culture and his proven ability to balance tradition with innovation position him as a leader capable of navigating these complexities. His track record of high performance within the Group underscores his capacity to drive both stability and transformation.  

The Capital Maharaja Group expressed confidence in Wickramanayake’s ability to steer MBC Networks towards sustainable growth, reinforcing its role as a trusted voice in the country’s media ecosystem. His appointment is seen not only as a recognition of his longstanding contribution but also as a strategic move to ensure the organisation remains competitive in a rapidly evolving industry.  

As CEO, Wickramanayake will be tasked with strengthening MBC Networks’ market leadership, fostering innovation across its portfolio of stations, and exploring opportunities for broader engagement with audiences. His blend of institutional knowledge and entrepreneurial spirit is expected to shape the organisation’s trajectory in the years ahead, ensuring it continues to play a defining role in Sri Lanka’s broadcasting and media landscape.