SUNSHINE HOLDINGS PLC

Annual Report 2021/22

Amal Cabraal
Chairman

Mr Amal Cabraal is a Director of Sunshine Holdings PLC since 2017. He was appointed as the Vice Chairman of the Company with effect from 13 February 2020 and appointed as the Chairman of the Company with effect from 26 June 2021.

Amal Cabraal is presently the Chairman of Ceylon Beverage Holdings PLC, Lion Brewery (Ceylon) PLC, CIC Feeds Group and Silvermill Investment Holdings (Private) Ltd. He is a former Chairman and CEO of Unilever Sri Lanka and has over 4 decades of business experience in general management, marketing and sales in Sri Lanka and overseas. He is also a Non-Executive Director of John Keells Holdings, Hatton National Bank and an advisor to a number of leading companies. He is a Board member of the Ceylon Chamber of Commerce and serves on the Management Committee of the Mercantile Services Provident Society. A Marketer by profession and a Fellow of the Chartered Institute of Marketing - UK, he holds an MBA from the University of Colombo and is an executive education alumnus of INSEAD-France.

V Govindasamy
Group Managing Director

Mr V Govindasamy holds a Bachelor of Science Degree in Electrical Engineering and an MBA from the University of Hartford, USA. He is a Fellow Member of the Institute of Certified Professional Managers of Sri Lanka. He is the Chairman of the Ceylon Chamber of Commerce and Chairman of the Employers Federation of Ceylon.

A D B Talwatte
Director

Mr A D B Talwatte is a fellow member of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Institute of Management Accountants of the UK, has served as the Country Managing Partner of Ernst & Young for over a decade. Besides his distinguished career of more than 38 years in Assurance, Business Risk and Advisory Services, Talwatte has served as the head of numerous leading industry bodies and has been closely associated with the development of Corporate Governance in Sri Lanka.

A former President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) (in 2002/2003) and the Chartered Institute of Management Accountants (in 1995/96), he now functions as the Chairman of Management Systems (Pvt) Limited (MSL). He serves on Boards and chairs the audit committee of several Public Listed Companies.

G Sathasivam
Director

Mr G Sathasivam began his career in the pharmaceutical sector. Over the past 55 years of success and innovation, he established Sunshine Healthcare Lanka Limited (SHL) into a leader in Sri Lanka’s pharmaceutical industry. Not content to rest on his laurels, he drove the Group’s diversification into uncharted territories – molding Sunshine Holdings into the pride of the nation. His business acumen has been recognised both in Sri Lanka and abroad. He is the Founder of Sunshine Holdings PLC.

Sudarshan Jain
Director

Mr Sudarshan has a strong passion for healthcare and the education sector. He is currently the Secretary General of Indian Pharmaceutical Alliance (IPA), Senior Advisor with APAX Partners and is also a Board member of multiple organisations. He is the Chairman of Indian Institute of Health Management and Research (IIHMR, Jaipur). He has served in several leadership positions over the years and was earlier the Managing Director at Abbott Healthcare Solutions.

He has a rich healthcare business experience of over 40 years which includes stints in Abbott, Johnson & Johnson and leading Indian companies. His experience covers Pharmaceutical, OTC, Hospital, Diagnostic & Nutrition business.

He has received number of recognitions for his contributions within the Company, with academic institutions and with industry associations. He is the first Indian recipient of the Global Chairman’s Award at Abbott. Sudarshan has also served as Vice President of Organisation of Pharmaceuticals Producers of India (OPPI) representing research based pharmaceutical companies. He is currently the member of the Board of Abbott India, Healthium Limited (APAX portfolio company), member of the Advisory Board of Narsee Monjee University, Mumbai (NMIMS), Board Member of Indian Education Society (IES) and Charter Member of The Indus Entrepreneurs, Mumbai (TiE).

Ruvini Fernando
Director

Mrs Ruvini Fernando is a consulting and capital markets professional with over 30 years of industry experience. She is presently employed at PricewaterhouseCoopers Colombo as Director, Capital Projects & Infrastructure and Deals Strategy, handling advisory engagements related to capital raising, cross border investments, policy recommendations and large scale projects. She was formerly an Executive Director of Ceylon Guardian Investment Trust PLC and several of its group companies and the Chief Executive Officer of Guardian Fund Management Limited, heading the investment business of Carson Cumberbatch PLC. Prior to that she was employed within the Carsons Group as head of Corporate Planning as well as within the Hayleys Group as a management accountant.

She was a former visiting lecturer at the Postgraduate Institute of Management, University of Sri Jayewardenepura where she taught strategy & finance and is a member of the National Agenda Committee on Finance and Capital at the Ceylon Chamber of Commerce. She has been a speaker, presenter and moderator at forums on capital markets and other topics of business interest. She currently serves on the Board of Cargills Bank Limited as a Non-Executive Independent Director.

She has a Masters in Business Administration from the Postgraduate Institute of Management, University of Sri Jayewardenepura and is a Fellow of both the Chartered Institute of Management Accountants (CIMA), UK and the Association of Chartered Certified Accountants (ACCA), UK.

H D Abeywickrama
Director

Air Chief Marshal (Retd) Harsha Duminda Abeywickrama is a graduate of the Air Command & Staff College at Air University, Maxwell Air Force Base, Alabama, USA and the Royal College of Defence Studies, London UK. He holds a Master of Arts degree in International Studies from King’s College, the University of London and a Master of Science degree in Management from the General Sir John Kotelawala Defence University, Sri Lanka. He also holds a commercial pilot license with an Instrument rating.

S G Sathasivam
Director

Mr S G Sathasivam is the Managing Director of the Sunshine Healthcare Lanka Limited and Sunshine Consumer Lanka Limited. He graduated from The London School of Economics & Political Science, UK and holds a Masters in Business Administration from Kellogg School of Management, Northwestern University, USA. He is an elected committee member of the Ceylon Chamber of Commerce (CCC) and Former President of the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI).

Shalini Ratwatte
Director

Ms Shalini Ratwatte is a qualified legal professional, with over 26 years of extensive experience in coalition of building, policy development, strategic planning, programme implementation and legal action at regional, state and local levels. She has skillfully organised and led policy initiatives on Emerging Technology, Cyber Security and Data Privacy, Intellectual Property Rights and Environment protection across counties.

Shalini concurrently serves on the Board of the Environmental Foundation Ltd. and is the CEO of Shanthi Maargam, a non-profit organisation providing support for children and adolescents to improve their emotional well being with the goal of breaking the cycle of violence in communities.

Sanjeev Shishoo
Director

Mr Sanjeev Shishoo is a qualified healthcare management professional holding a B. Pharma, M. Pharma and an MBA from the Indian Institute of Management – Calcutta, a leading business school in India.

He was the Corporate Vice President, Global Shared Services, at Novo Nordisk, a global healthcare company with more than 90 years of innovation and leadership in diabetes care. Headquartered in Denmark, Novo Nordisk employs over 47,000 people in 80 countries and markets its products in more than 168 countries.

He has previously been the Vice President, Business Area Oceania & South East Asia, based in Kuala Lumpur, Vice President, Regional Officer Far East based in Bangalore and Vice President of the Regional Office in India.

Mr Sanjeev Shihoo has a track record of creating high performing teams that deliver ambitious targets and is skilled in Marketing strategy & implementation. Building healthcare brands has been his passion and was responsible for making Novo Nordisk’s insulin, Mixtard, the number 1 Pharma brand in India.

Mr Sanjeev Shishoo was appointed as Vice Chairman for Sunshine Healthcare Lanka Limited on 10 November 2021.

Sivakrishnarajah Renganathan

Mr Sivakrishnarajah Renganathan completed his entirety of his more than 41 years banking career at the Commercial Bank of Ceylon PLC and had held several key positions in the Bank during such tenure. He retired as the Bank’s Managing Director/Chief Executive Officer after serving the Bank’s Board as an Executive Director for nearly 8 years.

He led the team to acquire the Banking operations of Credit Agricole Indosuez in Bangladesh and had established the Bank’s operations in a successful manner with high rating during his first five years of his tenure. In July 2003, he was appointed as the first Country Manager of the Bank’s Bangladesh operations which was the first-ever overseas operation of the Bank.

In addition, Renganathan served as the Managing Director and a Board Member of the Commercial Development Company PLC (Listed in Colombo Stock Exchange), and Commercial Bank of Maldives Private Limited as the Deputy Chairman. He was also a Director of the Lanka Financial Services Bureau Limited and the Sri Lanka Banks’ Association (Guarantee) Limited. In addition, he also served as a Council Member of the Employers Federation of Ceylon.

He is also a Vice Chairman of the International Chamber of Commerce Sri Lanka, Executive Member of the Ceylon Chamber of Commerce, Executive Member of the Council for Business with Britain, Member of the Sri Lanka Institute of Directors, and the Vice President of the Sri Lanka India Society and an Executive member of the Council for Business with Britain.

Renganathan, a Fellow of the Chartered Institute of Management Accountants, UK (FCMA), Chartered Global Management Accountant (CGMA), Fellow of the London Institute of Banking & Finance, UK (FLIBF) and a Fellow of the Institute of Bankers Sri Lanka (FIB), had received extensive Leadership, Management and Banking training locally and in overseas countries.

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