JKH: Susantha retiring in 2018, Ajit in 2017
View(s):John Keells Holdings PLC (JKH) on Friday announced a string of key changes including the retirement in December 2018 of its chairman Susantha Ratnayake. The company said deputy chairman Ajit Gunewardene and group finance director Ronnie Peiris would be retiring at the end of December 2017. In line with these developments the company announced the appointment of Krishan Balendra and Gihan Cooray as group directors with effect from November 5, 2016. Mr. Balendra is the son of former JKH chairman Ken Balendra. In the statement, Mr. Ratnayake said the group has, over the years, developed a substantial pool of young, talented individuals and that the depth of ‘leadership augurs well for the group’s future”. Krishan Balendra is currently the President of the Leisure Industry Group and is also the Chairman of Nations Trust Bank while Mr. Cooray is currently the President of the group’s Retail Sector.