John Keells Group senior management members Krishan Balendra and Gihan Cooray have been appointed as Executive Directors of the group parent John Keells Holdings PLC (JKH) with effect from November 5, 2016.
This is in line with the plans of succession to the current Executive Directors who will retire in 2017 and 2018.
Balendra, who holds 9.65 million shares in JKH , is currently the group’s Leisure Industry President and the Chairman of Nations Trust Bank PLC. He joined the group in 2002 as Head of Corporate Finance, and had also served as President of the Retail Sector in the Consumer Foods Industry Group. He is a former Chairman of the Colombo Stock Exchange, and has had stints at UBS Warburg, Hong Kong in investment banking and Aitken Spence Sri Lanka in Corporate Finance. He holds an LLB from the University of London and an MBA from INSEAD.
Cooray, who holds 139,033 shares in JKH, is currently the Retail Sector President, and is also responsible for the Corporate Finance/Strategy and Group Treasury functions at John Keells Capital and John Keells Research. He is also a Director at Nations Trust Bank PLC.
He holds an MBA from the Jesse H. Jones Graduate School of Management at Rice University, Houston, Texas, and is an Associate Member of the Chartered Institute of Management Accountants, UK, and a Certified Management Accountant of the Institute of Certified Management Accountants, Australia.
He has a Diploma in Marketing from the Chartered Institute of Marketing, UK.
Both Balendra and Cooray serve as Main Committee and Sub-Committee members respectively at the Ceylon Chamber of Commerce.