Board of Directors

A new executive team and a refreshed Board is now substantially in place
and they have the privilege of taking Kelsey Develepment PLC forward to its next chapter.

Blue Ocean Group of Companies

Kelsey Developments PLC

Profile of the Board of Directors

Mr. Sivarajah Thumilan

Group Chairman / CEO

Blue Ocean Group of Companies

Mr. Sivarajah Thumilan has extensive experience in relation to accounting, corporate finance, acquisition and disposals, restruc- turing, strategic business development & partnerships and business planning. His experience spans across a range of industries including real estate, Engineering, leisure, manufacturing, agriculture, industrial solutions and education, etc. Given his deep level expertise in multiple industries, he is recognized as a sector specialist in a multitude of industries and provides vital leadership and support towards Board-level decision making. As a visionary entrepreneur, Mr. Thumilan has the distinction of being the founder of Blue Ocean Group, one of the largest diversified real estate developers in Sri Lanka with both global and local clientele. He focuses on consistent performance and client satisfaction which remains the cornerstone of his philosophy. Being a member of the several Accountancy bodies viz. Institute of Chartered Accountants of Sri Lanka, Chartered Institute of Management Accountant (CIMA-UK), Association of Chartered Certified Accountant (ACCA-UK), Chartered Certified Public Accountant of Australia (CPA-Aus), his passion for serving the nation led him to play a major role in lecturing professionals for major professional accountancy bodies in Sri Lanka with a strong passion in teaching, sharing knowledge and experience with aspiring professionals. His wealth of experience in industry counts for more than 20 years in multinational and local companies in very senior positions which have largely contributed to his success. He also holds strategic positions in vital associations including Active Member of Condominium Developers Association of Sri Lanka and Director of Major & Specialist Constructors of Sri Lanka.

Mr. Suranee Thumilan

EXECUTIVE DIRECTOR

Blueocean Group of Companies

Mrs. Suranee Thumilan is a co-founder of Blue Ocean Group and oversees the Human Resources and Administration aspects of the Group. Initiating her career in Finance & Auditing at one of the pioneer Audit firms in the industry she has grown to become a strong visionary leader on the board. Her leadership approach ensures all the employee’s concerns are resolved and ideas are involved in the development of the organization’s strategies. Employees are highly motivated by her leadership approach which has been a key critical success factor for the group’s success. With her experience in auditing, she has been able to develop strong internal controls in the group, whilst maintaining the flexibili- ty of the organization to operate in the turbulent macroeconomic environment. She is very much instrumental in developing the successful organizational structure of the Blue Ocean Group.

Mr. Namal Godellawattage

EXECUTIVE DIRECTOR

Kelsey Developments PLC

Mr. Namal Godellawattage has over 25 years of experience in business management, with specialized expertise in Portfolio, Project, and Construction Management. He is currently serving as the Chief Recovery Officer for the Blue Ocean Group of Companies.

Mr. Godellawattage began his career as a banker at Seylan Bank PLC and has also held positions at LOLC PLC, Melsta Regal Finance Ltd, and as the General Manager for Grand Capital Corporation Ltd. He is subsequently served as the Director/Chief Operating Officer at JAT Property Group (PVT) Ltd and contributed to many other prominent property development companies.

Mr. B. Gamini Peiris

Non-EXECUTIVE Independent DIRECTOR

Kelsey Developments PLC

Mr. Gamini Peiris is an Associate Member of the Institute of Chartered Accountants of Sri Lanka and Graduated and holds a B’Com (Special) Degree from the University of Kelaniya. He also completed his Master of Business Administration at the Post Graduate Institute of Management of Sri Jayewardenepura University.

Mr. Peiris counts over 25 years of experience in both Audit and Finance Sectors. He joined Mahaweli Authority of Sri Lanka in 1987 as an Assistant Chief Internal Auditor and in 1991 joined Taylors International, a UK based Hotel and Catering Company operating in the Kingdom of Saudi Arabia as the Finance Manager. After 5 years of service overseas, in 1997 he joined National Insurance Corporation Ltd (NICL) as the Manager Finance and got promoted to the Deputy General Manager Finance in 1998.

Mr Peiris joined Janashakthi Insurance PLC (JIPLC) with the acquisition of NICL in 2001 and continued to serve as the Dy. GM Finance until 2008. In 2009 Mr. Peiris was made Dy. General Manager (MIS) with additional responsibilities. In 2011 Mr. Peiris was promoted to the General Manager (Human Resources and Administration) and served until his retirement in 2018. Mr. Peiris is a Partner of G.M.S. Associate, a practicing firm of Chartered Accountants.

Mr. Wasantha Galagoda

Senior Non-EXECUTIVE Independent DIRECTOR

Kelsey Developments PLC

Mr. Wasantha Galagoda brings over 30 years’ of extensive experience in finance and management. He is currently the Chairman and Managing Director of Smart Investments (Private) Limited. He has held senior management positions with John Keels Holdings, Ceylinco Insurance Company, Ceylinco International Trading Company and General Arabian Medical and Allied Services Ltd, Kingdom of Saudi Arabia. He had also served as an Executive Director in Sino-Lanka Automobiles (Pvt) Ltd (1994), Ekala Engineering Works Ltd (1995) and Asian Finance Limited (1995 – 2011).

He had also served as a director in Ceylinco Finance PLC, Blue Diamonds Jewellery Worldwide PLC, Ceylinco Developers Ltd and several other companies in Ceylinco Group.

Mr. Galagoda holds an MBA from the University of Wales and a Bachelor of Arts (Major in Accounting) Second Class (Upper Division) Honours Degree from the University of Colombo. He is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and the Certified Management Accountants of Sri Lanka.

He is also a Director of Millennium Distributors and Traders Pvt Ltd, the developer for the Hanthana Housing Scheme, a private public partnership with National Housing Development Authority. He is an Associate Member of the Institute of Chartered Professional Managers and holds an Advance Diploma in Credit and Finance Management from the Institute of Bankers in Sri Lanka.

MR. A. M. A. Carder

Non-EXECUTIVE Independent DIRECTOR

Kelsey Developments PLC

Mr. Carder FCMA (U.K), CGMA, MBA (Col.) He has a proven track record of over 40 years exposure in Financial Management, Management Accounting, Treasury Management and Investment Banking, Finance, Economics, Marketing and Business Administration working with Multi-Disciplinary teams for both Private and Public Sectors.

He represents the Board at several leading organisarions such as Standard Capital PLC, Tess Agro PLC., Singhe Hospitals PLC, Serene International Pvt Ltd and etc. Also , he has conducted more than 100 awareness programs on networking, knowledge management & skills development, Company Law Act 2007, Global Financial Crisis, Lessons learned from Global Financial Crisis, Success Stories of Listing Companies in Debt and Equity and Restructuring of Business etc.

MR. Adrian Perera

Non-EXECUTIVE Independent DIRECTOR

Kelsey Developments PLC

Mr. Adrian Perera has over 30 years’ experience in Banking, Finance, Treasury, Manufacturing, Information Technology, Tourism, Agriculture and Construction. Perera is a Fellow Member of Association of Chartered Certified Accountants (UK), a Fellow member of CIMA (UK), Chartered Global Management Accountant, a Fellow Member of the Certified Management Accountants of Sri Lanka, the National Management Accounting Body, an Associate Member of the Institute of Bankers of Sri Lanka, Associate Member of the Chartered Accountants of Sri Lanka, Life Member of the Association of Professional Bankers of Sri Lanka, Fellow Member of the Certified Professional Managers of Sri Lanka, and he has a Master’s degree in Business Administration from the Post Graduate Institute of Management, University of Sri Jayewardenepura, Executive Diploma in Business Administration from University of Colombo, Post Graduate Diploma in Diplomatic and World Affairs from Bandaranaike Diplomatic Training Institute ,the National Diplomatic Training Institute and a Registered Company Secretary, and he is also a member of the Sri Lanka Institute of Directors and has attended training programs locally and internationally extensively.

He is the former Chairman of ACCA Sri Lanka and was a Governing Council Member of the Certified Management Accountants of Sri Lanka the National Management Accounting body and he was an elected council member of the CIMA (UK) Sri Lanka division. He was the Group CEO of Sascon Property Development Ltd. and Thinnavli Group and former Director Corporate Affairs of OASIS Hospital Ltd. now renamed as Kings Hospital Ltd. Previously he was the COO of EquiCapital Investment Ltd. and he was the Chief Executive Officer /MD of Lanka Rating Ltd former Rating Agency Malaysia Sri Lanka office. In August 2023 Perera took early retirement and was appointed to the Boards of Sascon Property Development Ltd., Sascon Holdings Ltd., Britex Holdings Ltd., as the Audit Committee and as the related Party Chairman, George Stuarts Asset Management Ltd., Medisurge International Ltd., an Orthopaedic Surgical Equipment Sales Company.

Mr. Sivarajah Thumilan

Mrs. Suranee Thumilan

Mr. Namal Godellawattage

Mr. Wasantha Galagoda

Mr. B. Gamini Peiris

Mr. A.M.A. Carder

Mr. Adrian Perera

Profile of the Board of Directors

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