Mr Jaliya Medagama holds a Bachelors Degree from the University of Ceylon, Peradeniya and obtained his post graduate qualifications at the Institute of Social Studies, Den Haag, Netherlands. 

Mr Medagama has served as the Commissioner of the Department of Agrarian Services and later he was appointed as the Secretary to the Ministry of Irrigation, Power and Energy, Government of Sri Lanka.   He also served as the Sri Lanka representative in the Board of Governors of the International Irrigation Management Institute and represented many forums held in Tokyo, Japan, Netherlands, and Nepal.

He served as the Chairman and Managing Director of the Ceylon Petroleum Corporation from April 2004 to September 2006.  In addition to his work in the Petroleum Corporation, Mr Medagama served as the Chairman of the Ceylon Petroleum Storage Terminals Limited Company.

With his vast experience in the Petroleum Sector, he was appointed as its first Secretary to the newly established Ministry of Petroleum Resources Development.  He also served as the Chairman and member of the Petroleum Resources Development Council which handled oil exploration and upstream activities.

After a successful career of forty years in the Public Service, Mr.Medagama retired in September 2006 and was invited to serve as an Independent Director of the Board of Directors of Lanka IOC PLC from September 2008.

Prof. Lakshman R Watawala is a fellow of the Institute of Chartered Accountants of Sri Lanka, a fellow of Chartered Institute of Management Accountants of U.K and fellow of the Society of Certified Management Accountants of Sri Lanka.  He has held the position of Chairman and Managing Director of Board of Investment of Sri Lanka twice.  He also served as the Chairman of People's Bank, Peoples Merchant Bank and other State Corporations.  He has served as an Advisor in the Ministry of Finance.  He is a Past President of the Institute of Chartered Accountants of Sri Lanka, South Asian Federation of Accountants and Founder President of AAT Sri Lanka.  Currently, he is a Committee Member of Ceylon Chamber of Commerce, President of the Society of Certified Management Accountants of Sri Lanka and serves on the Boards of a number of Quoted Public Companies.

Shri H S Bedi, is presently posted as an Executive Director (Retail Sales), Indian Oil Corporation Limited. An MBA by profession, he also participated in Advanced Management Programme (AMP) at Indian Institute of Management, Culcutta. He has around 30 years of diverse experience with the Indian Oil Corporation Limited, a USD 49 billion conglomerate which is the largest commercial undertaking in India and is ranked at 116, in the Fortune “Global 500” 2008 list. Shri Bedi has acquired rich and varied experience across functions of downstream Petroleum Industry including Corporate Planning, Aviation, Logistics, Human Resources and Marketing. Prior to his current assignment as Executive Director (Retail Sales), he headed Marketing Operations of IndianOil for the States of Punjab, Jammu & Kashmir, Himachal Pradesh and Union Territory of Chandigarh. As head of Indian Oil’s Retail Sales function, Shri Bedi holds responsibility for a vast network of more than 18000 Fuel Stations and 66 Offices spread across all parts of the country, contributing to approximately 50% of Company’s sales volume. He has been associated in conceptualizing and roll out of various strategic initiatives undertaken by the Corporation from time to time including introduction of e-Performance Management System, Revisiting of Promotion policy for officers etc.

Mr P K Goyal, Executive Director – Finance of Indian Oil Corporation Limited (IOC), joined IOC on 07th June 1977. A Chartered Accountant by profession has wide experience in Indian Oil sector for over three decades. During his stay, he has held various positions attributing to Finance in the refineries and corporate divisions. Mr P K Goyal was in the Board of Directors of Chennai Petroleum Corporation Limited (CPCL), Indian Strategic Petroleum Reserves Limited (ISPRL), Bogaigaon Refinery & Petrochemicals Ltd (BRPL) and Indian Oil Tanking Limited during the preceding ten years.
He was also responsible for overall operations of the Company’s treasury with annual inflows/outflows exceeding 80 billion dollars. Significant achievements to name are Mobilization, effective utilization of funds, monitoring and control of the Treasury operations, collateralized borrowing & lending operations and Trade finance facilities.

Mr. K. R. Suresh Kumar is a Chemical Engineer from Madras University and has done six months Management Education Programme at Indian Institute of Management at Ahmedabad. He has a vide exposure in various disciplines in petroleum marketing and has been with Indian Oil Corporation Limited in India for more than 30 years. He has presented papers in national and international seminars in India on lubrication and allied technologies and has also visited UK, Germany, Spain, Malaysia etc., for study markets.  His last assignment in India was the General Manager (Retail Sales) at Indian Oil Corporation Limited, Mumbai.

He has taken over as the Managing Director, Lanka IOC PLC with effect from 6th December, 2008.

Mr S V Narasimhan joined IOC on 21st February 1975. A Chartered Accountant by profession and also an MBA from Faculty of Management Studies, Delhi, he has rich experience in Indian Oil Sector over three decades. Before joining as Director (Finance) in IOC on 1st July 2005, he was Managing Director in Chennai Petroleum Corporation Ltd. (a group company of IOC) since November 2002. Mr. Narasimhan has assisted the Oil Cost Review Committee set up by the Government of India (GOI) in 1983 whose report was the basis for pricing of petroleum products till the time the deregulation started in phases effective 1.4.1998. He was also a Member of the Sub-Committee of Working Group set up by the Ministry of Petroleum and Natural Gas, GOI for the comprehensive long term perspective plan for the Hydrocarbon Sector which was the basis for "R" Group Report and subsequent deregulation road map drawn up by the GOI.