Hayleys Group’s senior management on voluntary pay cuts
By Uwin Lugoda
Diversified conglomerate Hayleys PLC’s senior management has taken a voluntary reduction on their remuneration in order to continue paying the full salaries of their lower level employees.
These voluntarily pay cuts are applicable to the group’s Directors and the Members of the Group Management Committee (GMC), the group’s Chairman and Chief Executive, Mohan Pandithage said in a disclosure to the Colombo Stock Exchange.
This includes the group’s Chairman and Chief Executive, Mohan Pandithage, Co-Chairman (Non-Executive), Dhammika Perera, Executive Directors; Jayanthi Dharmasena, Ruwan Waidyaratne, Sarath Ganegoda, Rajitha Kariyawasan and Rohan Karr, and Independent non-Executive Directors; Dr. Harsha Cabral, Hisham Jamaldeen, Aravinda Perera and Gamini Gunaratne, Head- Group Human Resources, Legal & Corporate Communications, Darshi Talpahewa, Managing Director (MD) of Hayleys Advantis Limited, Ruwan Waidyaratne, Group CFO, Choliya De Silva, MD of Hayleys Fabric PLC, Rohan Goonetilleke, MD Hayleys Plantations, Dr. Roshan Rajadurai, MD of Mabroc Group, Niran Ranatunga, MD of Alumex Group, Pramuk Dediwela, MD of Dipped Products, Andrew NG, MD of Fentons Group, Hasith Prematillake, and Director/Chief Executive Officer of Singer Group, Mahesh Wijewardene.
“We understand that these are challenging times for everyone, and despite the extremely difficult operating conditions, we have thus far decided to maintain full salaries of all employees”, said Mohan Pandithage in a statement released by the group.
The Chairman ensures the effective participation and contribution of both Executive and Non-Executive Directors to the company, whilst the Board of Directors of Hayleys PLC is responsible for the governance of all companies which Hayleys actively manage.
Hayleys as a company has business interests that span across 16 sectors and employees a team of 32,000 people across the nation and a global footprint across 17 countries.