Kelsey Developments Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Sivarajah Thumilan

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.2yrs
CEO ownership	0.04%
Management average tenure	no data
Board average tenure	2.7yrs

Recent management updates

Recent updates

CEO

Sivarajah Thumilan

1.2yrs

Tenure

Mr. Sivarajah Thumilan is Chairman & CEO of Kelsey Developments PLC from January 25, 2023.

Board Members

Name	Position	Tenure	Compensation	Ownership
Sivarajah Thumilan	CEO & Chairman	1.2yrs	no data	0.035% LKR 132.6k
Namal Godellawattage	Executive Director	no data	no data	no data
Suranaee Thumilan	Executive Director	no data	no data	no data
Prakash Schaffter	Non-Independent Non-Executive Director	5.3yrs	no data	12.62% LKR 47.3m
Athulugamage Damian Eardley Perera	Independent Director	11.8yrs	no data	no data
Roshni Fernando	Independent Non-Executive Director	3yrs	no data	no data
Gagan Bulathsinghala	Independent Non-Executive Director	2.7yrs	no data	no data
Arul Sivagananathan	Independent Non-Executive Director	2.7yrs	no data	no data
D. E. R. Weddikkara	Independent Non-Executive Director	2.5yrs	no data	no data
Marian Roshanie Nimalka Moraes	Independent Non Executive Director	2.2yrs	no data	no data
Sarravanan Neelakandan	Non Executive Director	no data	no data	no data
Robert Emerson	Senior Independent Director	less than a year	no data	no data

2.7yrs

Average Tenure

Experienced Board: KDL.N0000's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Kelsey Developments Management

Management criteria checks 0/4

Key information

Recent management updates

CEO & Chairman recently bought LK₨105k worth of stock

Kelsey Developments PLC Announces CEO Changes

Non-Independent Non-Executive Director recently sold LK₨129m worth of stock

High number of new directors

Non-Independent Non-Executive Director recently bought LK₨183m worth of stock

High number of new directors

Recent updates

Investor sentiment deteriorates as stock falls 16%

CEO & Chairman recently bought LK₨105k worth of stock

First quarter 2024 earnings released: LK₨0.84 loss per share (vs LK₨3.52 loss in 1Q 2023)

Full year 2023 earnings released: EPS: LK₨16.51 (vs LK₨19.11 loss in FY 2022)

Third quarter 2023 earnings released: EPS: LK₨6.69 (vs LK₨4.62 loss in 3Q 2022)

Kelsey Developments PLC Announces CEO Changes

Non-Independent Non-Executive Director recently sold LK₨129m worth of stock

Blue Ocean Group of Companies acquired 60% stake in Kelsey Developments PLC (COSE:KDL.N0000) for LKR257 million.

High number of new directors

Non-Independent Non-Executive Director recently bought LK₨183m worth of stock

First quarter 2023 earnings released: LK₨3.60 loss per share (vs LK₨2.24 loss in 1Q 2022)

High number of new directors

Full year 2022 earnings released: LK₨19.11 loss per share (vs LK₨4.91 profit in FY 2021)

Kelsey Developments PLC, Annual General Meeting, Jul 29, 2022

Full year 2022 earnings released: LK₨19.13 loss per share (vs LK₨4.91 profit in FY 2021)

High number of new directors

High number of new directors

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

High number of new directors

Kelsey Developments plc Appoints Roshanie Jayasundera Moraes to the Board of Directors, Member of the Janashakthi Group, as an Independent Non-Executive Director

Second quarter 2022 earnings released: LK₨3.64 loss per share (vs LK₨2.26 profit in 2Q 2021)

Second quarter 2022 earnings released: LK₨3.64 loss per share (vs LK₨2.26 profit in 2Q 2021)

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new directors

High number of new directors

High number of new directors

Independent Non-Executive Director Chandana de Silva has left the company

Non-Executive Non-Independent Director Dinesh Schaffter has left the company

Non-Independent Non-Executive Director Ramesh Schaffter has left the company

High number of new directors

New 90-day high: LK₨41.30

Second quarter 2021 earnings released: EPS LK₨2.05

Full year earnings released - LK₨13.18 loss per share

CEO

Tenure

Board Members

Average Tenure