Yudy Kanagasabai

Mr. Y. Kanagasabai (Yudhishtran Kanagasabai) was appointed a Director of the Company and a member of the Audit Committee and Related Party Transactions Review Committee on 25 February 2019. He also serves on the Board of a subsidiary, Cargills Foods Company (Private) Limited, and its Audit Committee and Corporate Governance & Nominations Committee (since July 2016). He is also a Non-Executive Director of Cargills Bank (since end October 2019), and is a member of Bank’s Board Human Resources & Remuneration Committee and Strategic Planning Committee, and is also the Chairperson of the Board Credit Committee.

Mr. Kanagasabai is a Fellow of the Institute of Chartered Accountants of Sri Lanka, and served PricewaterhouseCoopers since its inception in 1981. He held progressively responsible positions before being appointed as Senior Partner / Chief Executive Officer in 2006, from which position he retired in 2017. He elevated the profile of both the Sri Lankan and the Maldives practices of the Firm to consistently provide quality solutions to clients within the appropriate standards and applicable best practices. He has extensive knowledge of current economic, social and regulatory issues. He is a Non-Executive Independent Director of Ceylon Tobacco Company PLC and Chairperson of the Audit Committee, Related Party Transactions Committee, and member of the Remuneration and Compensation Committee and Corporate Social Investment Committee and Nominations Committee, since February 2018.

He is also a Non-Executive Independent Director and Chairperson of the Audit Committee of Millenium Information Technologies (Private) Limited, Non-Executive Independent Director and member of the Board Audit Committee of Hunters Limited PLC, Lanka Canneries Limited and Easwaran Brothers Exports (Private) Limited. He was a Non-Executive Independent Director and Chairperson of the Board Audit Committee of Union Bank PLC (a subsidiary of Texas Pacific Group) and has also served as a Commissioner of The Insurance Regulatory Commission of Sri Lanka.