📈 Maharaja Foods PLC Restructures Board to Drive Retail Expansion and Governance

Maharaja Foods PLC has announced key strategic changes to its Board of Directors to strengthen corporate governance and accelerate its next phase of growth. Key Leadership Changes: • Imran Furkan has been appointed as the new Chairman. A seasoned corporate leader, he currently serves as CEO of Tresync (Australia) and holds multiple board directorships across the Asia-Pacific region, including in the healthcare, retail, and financial sectors. He is also a former CEO of SLASSCOM (the national chamber for the ICT/BPM sector). • Gimhan Sawinda Rajapaksha Dissanayake joins the board as an Independent Non-Executive Director. He brings entrepreneurial expertise from the tea manufacturing, hospitality, and wellness sectors, with a focus on promoting Sri Lankan products globally. • Guganathan Vijayananth, the outgoing Chairman, transitions to the role of Executive, Non-Independent Director. He will directly spearhead the Group’s retail expansion and new venture developments, leveraging his experience in the logistics and food & beverage industries. • Vithyanath Guganathan continues in his current role as Managing Director, ensuring operational and leadership continuity during this transition. Strategic Context: • The restructuring blends extensive cross-sector board experience with the entrepreneurial drive of the company's founding leadership. The new governance model aims to transition the Group from a family-oriented partnership into dedicated business units focused on long-term value creation.