Ravi Dias new Group Chairman at Carson Cumberbatch

• „Senior business leader Tilak de Zoysa steps down from Board after 24 year stint including 23 years as Chairman

Carson Cumberbatch PLC yesterday announced the appointment of W.M. Ravindra S. Dias as the new Chairman effective 25 September 2024. Dias, a seasoned banker by profession, succeeds Tilak de Zoysa, who stepped down after 24 years of service on the Board, which included 23 years as Chairman. During his leadership in the past two decades, the Group achieved remarkable business growth and success.

S e p a r a t e ly, C a r s o n C u m b a a t c h a l s o announced the resignation of Rajendra Theagarajah as an Independent Non- Executive Director. Dias has been a director at Carson Cumberbatch for over a decade. The company said this t r a n s i t i o n i s p a r t o f Carson Cumberbatch’s ongoing commitment to ensuring a smooth Board s u c c e s s i o n , fo s t e r i n g continuity and maintaining the company’s resilience. Dias brings nearly four decades of experience from Commercial Bank of Ceylon PLC, where he ret ired as Manag i n g D i r e c t o r and CEO. He currently holds key leadership roles as Chairman of Ceylon Tea Marketing Ltd. and serves on the Boards of Tokyo Cement Company (Lanka) PLC, and the United States – Sri Lanka Fulbright Commission. His distinguished career also includes serving as Chairman of Senkadagala Finance PLC and Seylan Bank PLC, as well as Managing Director of Commercial Development PLC. Additionally, he has been a Director of prominent financial institutions such as Lanka Clear Ltd. and Lanka Financial Services Bureau Ltd. He also contributed to the National Financial Policy through his role with the Academy of Financial Studies of the Ministry of Finance and Planning and as a Council Member of the Employers’ Federation of Ceylon. An accomplished academic, Dias holds a degree in Law, is a Fellow of the Chartered I n s t i t u t e o f Banke r s (UK), and a Hubert H. Humphrey Fellow.