Ms Kasturi Wilson to step down as Hemas CEO on March 2024

Ms. Kasturi Chellaraja Wilson, Group Chief Executive Officer of Hemas Holdings PLC will resign with effect from March 31, 2024 (next year), the top conglomerate announced on Thursday.

Ms. Wilson has been an integral part of the Hemas family for over two decades, having led several businesses within the Group before assuming the role of Group CEO. Since her appointment as Group CEO in October 2020, she has played a pivotal role in Hemas' growth and success during her tenure. Under her dynamic leadership, Hemas transformed into a purpose-led organisation, strengthening its market positions in Consumer, Healthcare, and Mobility over the past three years.

“Kasturi’s decision to resign comes as she takes on a new role with a global firm, overseeing diverse business interests and expansion plans in the Asia Pacific region. This unique opportunity allows her to operate on the international stage while continuing to fulfill her commitments in Sri Lanka. Following her resignation, Kasturi will maintain her association with Hemas Holdings PLC by serving on its Board as a Non-Executive Director,” the statement said. Ms. Wilson is the first female to head a large Sri Lankan conglomerate.

Commenting on her departure, Husein Esufally, Chairman of Hemas Holdings PLC, remarked, "During her 21 years with Hemas, Kasturi has made an immense contribution to the company, none more so than during her tenure as Group CEO, where she led the company through multiple crises. While we are sad to see her go, we deeply appreciate Kasturi's dedicated service to Hemas and understand and respect her decision."

She will continue to serve as the Group CEO and lead the management team until 31st March 2024, ensuring stability and continuity during the transition period.

The group board has initiated a comprehensive search process to identify a successor who will build upon the company's strong foundation and lead its growth agenda into the future.