Annual Report 10/11 - ACL Cables PLC

ACL Cables PLC Annual Report 2010/11Board of DirectorsMr. U. G. MadanayakeChairmanMr. U.G. Madanayake had his early education atAnanda College, Colombo. He graduated fromthe University of Cambridge - England in 1958,and had his M.A. (Cantab) conferred on him in1962. He is a Barrister at-law (Lincoln’s Inn) and anAttorney-at-law of the Supreme Court of Sri Lanka.He started his working life managing family-ownedplantations until most of the lands were taken overby the State under the Land Reform Law of 1972.He still continues to have an active interest inagriculture.He joined the Board of Associated Motorways Ltd,and subsequently became the Deputy Chairman ofthe Company. He became a Director of ACL Cables PLC (then Associated Cables Ltd.) in January1963, 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. SurenMadanayake as Managing Director. With the acquisition of Kelani Cables PLC. by the ACL Group inOctober 1999, he was appointed Chairman of Kelani Cables PLC.Mr. Madanayake is also the Chairman of Fab Foods (Pvt.) Ltd., Ceylon Tapioca Ltd, ACL PlasticsPLC., ACL Metals & Alloys (Pvt.) Ltd., ACL Polymers (Pvt.) Ltd. and ACL-Kelani Magnet Wire (Pvt.)Ltd. He is a Director of Ceylon Bulbs & Electricals Limited. He has over 40 years experience in thecable Industry.Mr. Suren MadanayakeManaging DirectorMr. Suren Madanayake had his education at RoyalCollege, Colombo and qualified as a MechanicalEngineer from the University of Texas at Austin,USA. He was appointed to the Board of ACL CablesPLC., in June 1991 and appointed as ManagingDirector in September 2005. When Kelani CablesPLC was acquired in October 1999, he wasappointed as Managing Director of KCL and LankaOlex Cables (Private) Ltd. which is the holdingCompany of KCL. In 2003 he was appointed asDeputy Chairman of KCL.He also serves as the Managing Director of CeylonBulbs and Electricals Ltd., ACL Plastics PLC andDirector of ACL Metals & Alloys (Pvt.) Ltd., ACL Polymers (Pvt.) Ltd., ACL-Kelani Magnet Wire(Pvt.) Ltd., Fab Foods (Pvt.) Ltd. and Ceylon Tapioca Limited. He also serves as Chairman of CCCFoundation of Sri Lanka, which is an approved charity.12