Asoka Pieris has been appointed as Chairman of Cargills Bank PLC, with effect from July 3, 2024.
He succeeds Richard Ebell who will be retiring on July 2, 2024 in compliance with the Banking Act on Corporate Governance for license commercial banks issued by the Monetary Board of the Central Bank. Ebell has completed nine years in the Cargills board of the bank having been appointed to the board in 2015.
Pieris was first appointed to the Board of Directors of Cargills Bank PLC on January 20, 2023 as a Non – Independent Non – Executive Director and was thereafter appointed as Deputy Chairman on April 1, 2024.
He serves on several Board Sub Committees, including Board Nominations and Governance Committee, Board Human Resources and Remuneration Committee, Board Strategic Planning Committee and Board Credit Committee.
Pieris has wide and varied experience in the fields of Finance, Marketing and Manufacturing, both in Sri Lanka and overseas. Currently, he is on the Board of Directors of Cargills (Ceylon) PLC and is the Managing Director of Cargills Retail (Private) Limited. He has been previously employed at Singer Group of companies in various capacities, including as CEO and CFO of Singer Group in Sri Lanka and CFO of Singer Asia and Director of the group’s Public Companies in Sri Lanka and Bangladesh.
He has previously held Board positions in several companies in the Financial Sector. He is an Associate member of the Institute of Chartered Accountants of Sri Lanka and a Fellow member of the Chartered Institute of Management Accountants, UK and a Certified Global Management Accountant.
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