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Cabraal’s son declines Hayley’s MGT board seat

15 January 2013 05:48 am - 14     - {{hitsCtrl.values.hits}}

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Central Bank Governor Ajith Nivard Cabraal's son Chatura V. Cabraal has declined appointment as a non-executive director to Hayleys MGT Knitting Mills PLC (MGT), a stock exchange disclosure said.

On December 3, last year MGT's director board announced that Chathura had been appointed to the company's board with effect from December 1, 2012.

However, the disclosure which was released to Colombo Stock Exchange last Friday noted Chathura has conveyed his regrets that he is not in a position to take up the director post of the company.

"In circumstances, the appointment of Mr.Cabraal to Directorate of Hayleys MGT Knitting Mills PLC will for all purposes cease to take effect," the filing said.

Chathura is a graduate with honours in mechanical engineering with a focus in manufacturing and design from the University of Missouri Science and Technology.

The Hayleys MGT Knitting Mills Plc director board comprises Mohan Pandithage (Chairman), Emerick Fernando (CEO and Executive Director), R. Seevaratnam, Dhammika Perera, J.A.G. Anandarajah, H. Somashantha, N. Somaratne, R.P. Pathirana and S. Piyawardena.

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  Comments - 14

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  • Imran Hussein Tuesday, 15 January 2013 06:00 AM

    Who gives a damn if that debt collector looking plonker's whoever does what?

    Prof Wickramatillake Tuesday, 15 January 2013 06:13 AM

    He seems to be having some sense in him. There are young bright stars at Hayleys who deserve similar status, for e.g. Sri Lanka's youngest ever PhD, also, works for Hayleys.

    Lucky Weeramantry Tuesday, 15 January 2013 07:59 AM

    Another Rogue

    L. Perera Tuesday, 15 January 2013 08:14 AM

    Sri lanka needs more Chathura's.

    RamUK Tuesday, 15 January 2013 08:32 AM

    Business community wont respect him unless he has a good proven track record. Send him to west we don't even him him a job in Mc donadls.

    nalakap Tuesday, 15 January 2013 08:44 AM

    Does having a PhD say that this youngest PhD holder is capable person

    Grama Sevaka Tuesday, 15 January 2013 09:27 AM

    Ram you look like a tough MacDonalds burger manager. Glad I am working elsewhere.

    Nihal Amarasekera Tuesday, 15 January 2013 09:52 AM

    Envy & hatred, with or without reason, has become a style. What a pity.

    sadachara Tuesday, 15 January 2013 10:14 AM

    Qualification counts to ensure the temperament and analytical skills of a person. But on the job training in any given position in any organisation and ability adopt to the situation is the main thing. The person should have good talent in understanding what his superiors need of the person.

    Observer Tuesday, 15 January 2013 10:28 AM

    He is only in favour of receiving the pound of flesh and nothing less, like his Father.

    ponna fonsy Tuesday, 15 January 2013 10:32 AM

    Like the idiot father of his. Another Al Wathura.

    Len Wednesday, 16 January 2013 02:54 AM

    Correct decision he should be groomed to be next CB Governor. Sri Lanka is blessed.

    Jagath Leanage Wednesday, 16 January 2013 04:43 AM

    Impeach governor.

    Jagath Leanage Wednesday, 16 January 2013 04:45 AM

    Graduated with the money of Gold Quest pyramid.


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