Financial Times

Theagarajah succeeds Cooray at Browns,Wijetilleke new HNB chief
The Browns Group of Companies announced the appointment of Deputy Chairman M. V. Theagarajah as its chairman, succeeding Chrisantha Cooray who died the week before last.

Cooray's daughter, Roshani, who was Director, Operations Development, will succeed Theagarajah as Deputy Chairman of the 125-year-old Group. Rienzie Wijetilleke, managing director of Hatton National Bank, succeeded Cooray as the bank's chairman following a board meeting on Friday.

Wijetilleke will continue as managing director for the time being, company sources said. Theagarajah joined the diversified group in 1962 as a senior executive and is the longest serving director of the subsidiary, Hatton National Bank. He serves on the Boards of 16 other companies. He is a Fellow of the Chartered Institute of Management Accountants, the Institute of Management and the Institute of Directors. Roshani Cooray joined Browns Group of Companies as Director Operations Development after obtaining an MBA from the University of Bath in the UK and a BSc in Applied Economics and Business Management from the Cornell University, New York, USA.

She is a Chartered Marketer and holds a Postgraduate Diploma in Marketing from the Chartered Institute of Marketing, UK. Browns is a highly diversified group engaged in the marketing and distribution of products in consumer electronics, agricultural machinery, batteries, office automation, power generators, hardware, pharmaceuticals and travel.

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