Appointments at Pricewaterhouse Coopers

CHANGES: PricewaterhouseCoopers (PWC) Sri Lanka announces the new leadership team that will take over the management of the firm from June 30, 2006 on the retirement of its Territory Senior Partner, Deva Rodrigo. The leadership team will comprise Yudy Kanagasabai as Chief Executive Officer (CEO), Sujeewa Mudalige as Markets Leader and Channa Manoharan as Chief Operating Officer (COO). Kanagasabai, who has been with the firm since its inception in 1981, is presently the leader of the Advisory Practice of PWC.

He was till recently, the head of the Assurance (Audit) Practice and the Partner-in-Charge of Financial Services and Telecom Industries. Under the global deployment arrangements of the firm, he worked with the Computer Assurance Services unit of Singapore from 1988 to 1990. He is an alumnus of S. Thomas' College, Mount Lavinia. Mudalige will also act as the Deputy Leader of the firm. He is presently the head of the Assurance Practice and the Partner-in-Charge of Human Capital.

Manoharan, who will take over as the COO is a partner in the Advisory practice of the firm. [(He overlooks the Mergers and Acquisitions businesses until and client work of International Finance Institutions (IFIs)]. He is responsible for the business unit focusing on International development assistance in Sri Lanka. Rodrigo will continue to be associated with the firm, in a non-executive capacity, after his retirement from the partnership.