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Chairman
Mr. U.G. Madanayake had his early education at Ananda College, Colombo. He graduated fr...
Managing Director
Mr. Suren Madanayake had his education at Royal College, Colombo and qualified as a Mec...
Director
Mrs. N.C. Madanayake was appointed to the Board of ACL Cables PLC in July 1980. She is ...
Director
Mr. Daya Wahalatantiri had his early education at Holy Cross College, Kalutara and Roya...
Director
Mr. Rajiv Casie Chitty had his education at Royal College, Colombo. He became a fellow ...
Director
Professor Malik Ranasinghe is an Emeritus Professor at the University of Moratuwa (UoM)...
Chairman
Mr. U.G. Madanayake had his early education at Ananda College, Colombo. He graduated from the University of Cambridge - England in 1958, and had his M.A. (Cantab) conferred on him in 1962. He is a Barrister at-law (Lincoln’s Inn) and an Attorney-at-law of the Supreme Court of Sri Lanka. He started his working life managing family-owned plantations until most of the lands were taken over by the State under the Land Reform Law of 1972. He still continues to have an active interest in agriculture.
He joined the Board of Associated Motorways Ltd, and subsequently became the Deputy Chairman of the Company. He became a Director of ACL Cables PLC (then Associated Cables Ltd.) in January 1963, its Managing Director in July 1978 and Chairman cum Managing Director in May 1990. He relinquished his duties as Managing Director in September 2005 after appointing Mr. Suren Madanayake as Managing Director. With the acquisition of Kelani Cables PLC, by the ACL Group in October 1999, he was appointed as Chairman of Kelani Cables PLC.
Mr. U.G Madanayake is also the Chairman of Fab Foods (Pvt) Ltd., Ceylon Tapioca Ltd., ACL Plastics PLC and Lanka Olex Cables (Pvt.) Ltd. He is also a Director of ACL Metals & Alloys (Pvt.) Ltd., ACL Polymers (Pvt) Ltd., Ceylon Copper (Pvt.) Ltd., ACL-Kelani Magnet Wire (Pvt) Ltd., Ceylon Bulbs & Electricals Ltd., and ACL Electric (Pvt.) Ltd. He has over 50 years experience in the cable Industry.
Managing Director
Mr. Suren Madanayake had his education at Royal College, Colombo and qualified as a Mechanical Engineer from the University of Texas at Austin, USA. He was appointed to the Board of ACL Cables PLC in June 1991 and appointed as Managing Director in September 2005. When Kelani Cables PLC was acquired in October 1999, he was appointed as Managing Director of Kelani Cables PLC and Lanka Olex Cables (Private) Ltd which is the holding Company of Kelani Cables PLC. In 2003 he was appointed as Deputy Chairman of Kelani Cables PLC.
He also serves as the Managing Director of ACL Plastics PLC and Director of Ceylon Bulbs & Electricals Ltd., ACL Metals & Alloys (Pvt.) Ltd., ACL Polymers (Pvt.) Ltd., ACL-Kelani Magnet Wire (Pvt.) Ltd., Ceylon Copper (Pvt.) Ltd., ACL Electric (Pvt.) Ltd., SM Lighting (Pvt) Ltd., Fab Foods (Pvt.) Ltd. and Ceylon Tapioca Ltd. In 2012, he was appointed to the Board of Union Bank of Colombo PLC as an Independent Non- Executive Director. He also serves as Chairman of CCC Foundation of Sri Lanka, which is an approved charity.
Director
Mrs. N.C. Madanayake was appointed to the Board of ACL Cables PLC in July 1980. She is also a Director of Kelani Cables PLC, ACL Plastics PLC, Ceylon Bulbs & Electricals Ltd., Lanka Olex Cables (Pvt) Ltd. and Ceylon Tapioca Ltd. Mrs. N.C Madanayake is a pioneering Director of Fab Foods (Pvt) Ltd.
Director
Mr. Daya Wahalatantiri had his early education at Holy Cross College, Kalutara and Royal College, Colombo. In 1990, he obtained his Masters in Business Administration from the University of Sri Jayewardenepura. He is a Graduate in Chemistry (Special) from the University of Ceylon, Peradeniya. Having gained sufficient exposure in marketing of industrial products to institutional customers, he joined ACL Cables PLC as its first Marketing Manager in 1982. In 1999, with the acquisition of Kelani Cables PLC, he was promoted as the Group Marketing Manager. He was appointed to the Board of Directors of ACL Cables PLC in November 2005.
Director
Mr. Rajiv Casie Chitty had his education at Royal College, Colombo. He became a fellow of the Association of Chartered Certified Accountants (ACCA), UK and Associate Member of the Chartered Institute of Management Accountants (CIMA), UK and a Chartered Financial Analyst, USA. He obtained his Masters in Economics from the University of Colombo and won the Janashakthi Gold at the 2006 CIMA Pinnacle Awards. Mr. Casie Chitty was appointed as a Director of ACL Cables PLC in November 2005. He is Chief Financial Officer of the Sunshine Tea Group and Nonexecutive Independent Director of Tangerine Beach Hotels PLC, Royal Palms Beach Hotels PLC, Ceylon Printers PLC, Kalamazoo Industries PLC and Office Equipment PLC.
Director
Dr.Selliah was appointed to the ACL Cables PLC board in June 2015. Dr Selliah holds an MBBS Degree and a Master’s Degree (M.Phill), and has over two decades of experience in diverse fields, which include manufacturing, healthcare,plantations, packaging, insurance, retail and logistics.
Dr. Selliah is the Deputy Chairman of Asiri Hospitals PLC, Asiri Surgical Hospital PLC and Central Hospital Private Ltd. He is a Director of Lanka Tiles PLC, Horana Plantation PLC, Softlogic Holdings PLC, Lanka Walltiles PLC, Lanka Ceramic PLC, ODEL PLC and HNB Assurance PLC. He is the Chairman of JAT holdings Private Ltd and Cleanco Lanka Private Ltd. He serves on the Remuneration Committee,Audit Committee Strategic planning committee, Investment committee and Related party transaction committee of some of the companies listed above.
Director
Professor Malik Ranasinghe is an Emeritus Professor at the University of Moratuwa (UoM) and the Vice President of the National Academy of Sciences Sri Lanka. He is a Chartered Engineer and Fellow of the Institution of Engineers, Sri Lanka, Fellow of the National Academy of Sciences, Sri Lanka, Fellow of the Institute of Project Managers, Sri Lanka and Graduate Member of Sri Lanka Institute of Directors. He is an independent non-executive Director of Pan Asia Bank PLC and ACL Cables PLC.
Prof. Ranasinghe is the former Vice Chancellor of the University of Moratuwa, and former Chairman of the Information and Communication Technology Agency (ICTA) of Sri Lanka. He is former Chairman of the Committee of Vice-Chancellors and Directors of Sri Lanka, former Commission Member of the University Grants Commission, former Council Member of the National Research Council, former Council Member of the Association of Commonwealth Universities (ACU), former Dean of the Faculty of Engineering, former Head, Department of Civil Engineering, and former Chairman, Centre of Excellence in Project Management at the University of Moratuwa. He is a former Fellow of the National University of Singapore.
Prof. Ranasinghe is a former Chairman of Sampath Bank PLC and former independent non-executive Director of the Colombo Stock Exchange, Lanka IOC PLC, Hemas Power PLC Sampath Bank PLC, Teejay Lanka PLC, United Motors Lanka PLC, Access Engineering PLC, and Resus Energy PLC.
Prof. Ranasinghe graduated with BSc Eng, (Hons). in Civil Engineering from the University of Moratuwa in 1984 and obtained his MASc in 1987 and PhD in 1990 from the University of British Columbia, Vancouver, Canada in Civil Engineering Economics as a Canadian Commonwealth Scholar. He was awarded the DSc (Honoris Causa) by the University of Moratuwa, Sri Lanka in 2024.
Director
Kusal brings over 25 years of experience in debt capital markets, equity capital markets, corporate advisory, mergers and acquisitions, investment management and financial services. He is presently the Deputy Managing Director of Alliance Finance Co PLC and an independent director of ACL Cables PLC, Lanka Ventures PLC, LVL Energy Fund PLC and Cable Solutions PLC. He is also a co-founder of corporate finance advisory firm Serendib Frontier Capital. Previously he was the Managing Director/CEO of NDB Capital Limited, Bangladesh and Chief Operating Officer of NDB Capital Holdings PLC and was a director of Resus Energy PLC, Panasian Power PLC, Lanka Communication Services Limited.
He is involved in launching several innovative capital market products in Sri Lanka and Bangladesh, including securitisation structures, convertible securities and derivatives and has executed several landmark capital market transactions. He played a key role in setting up NDB Capital Limited, Bangladesh and Emerald Sri Lanka Fund, being the first private equity country fund set up in Sri Lanka. Kusal is Chartered Financial Analyst, Associate Member of The Chartered Institute of Management Accountants, UK and the Chartered Global Management Accountants, USA and was an Associate member of the Association of Chartered Certified Accountants, UK. He also holds an MBA from the Open University of Sri Lanka in collaboration with Commonwealth of Learning, Canada. He is presently reading for his doctoral program at the University of Colombo.
Director
Nissanka B. Weerasekera served as the Regional Managing Partner for Central and South Asia of Aureos Capital, a leading international Private Equity (PE) fund manager focusing on small and mid-cap enterprises in emerging markets worldwide from 2003 until the acquisition of Aureos Capital by the Abraaj Group in 2012. He also functioned as the Group Operations Director of Aureos Capital while serving on the Board of Directors of the parent company of Aureos in the United Kingdom. After the acquisition of Aureos, he served as the Managing Director for Sri Lanka and Bangladesh of the Abraaj Group until his retirement in 2017.
Nissanka started his PE career in the mid-1990s as the CEO of the pioneer Sri Lankan Venture Capital (VC) firm PVIC and subsequently as the Managing Director of Nextventures, a VC firm spun-off from PVIC. He has served as the nominee director of numerous investee companies of the aforementioned PE and VC firms including among others, MillenniumIT, Interblocks, ConceptNursery, TextCentric, e-Channelling, Richlife Dairies, Dutch Lanka Trailers, Asiri Central Hospital, and Apollo Hospital Dhaka.
In addition, he has served as an Independent Non-Executive Director of several public listed companies in Sri Lanka including among others, Dipped Products PLC, John Keells Hotels PLC, Sunshine Holdings PLC and Watawala Plantations PLC. He currently serves as an Independent Non- Executive Director of TAL Lanka Hotels PLC, owner and operator of the Taj Samudra Hotel. He is also a Director of The Children’s Heart Project of Sri Lanka.
He is a past-President of the Venture Capital Association of Sri Lanka, a past-Editor of the Sri Lanka Association of Economists and a past-Trustee of the National Trust of Sri Lanka. He is a Fellow Member of the Chartered Institute of Management Accountants (FCMA), has an MA in economics from the University of Colombo and a BSc (Hons) in physics from the University of Peradeniya.
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