Hemas Holdings announces resignation of Group CEO, Kasturi Chellaraja

Hemas Holdings, a leading conglomerate, today announced the resignation of Kasturi Chellaraja, the Group CEO, effective March 30, 2024. 

Ms. Chellaraja, has served as the Group's Chief Executive Officer since 2020 and played a pivotal role in Hemas' growth and success during her tenure.

Kasturi Chellaraja's contributions have significantly contributed to the transformation of Hemas into a purpose-led organization that has strengthened its market positions in the Consumer, Healthcare, and Mobility sectors over the last three years.

The decision to resign was driven by Kasturi's desire to explore new opportunities for growth while continuing to contribute to Sri Lanka. Kasturi has embarked on a new chapter in her career by accepting a prestigious position with a renowned global corporation with diverse business interests. In this new role she will spearhead the global organisation’s expansion efforts throughout the Asia-Pacific region.

Kasturi will however continue to serve on the Hemas Holdings Board as a Non-Executive Director, and she expressed deep gratitude for the support of the board, colleagues, and employees during her time at Hemas.

Hemas Holdings' Board of Directors has initiated a comprehensive search for a new CEO to lead the company into its next phase of growth. The current management team and executive leadership will ensure stability and continuity in day-to-day operations during this transition period.

Hussein Esufally, Chairman, Hemas Holdings, expressed his gratitude for Kasturi's contributions and acknowledged and respected her decision to step down. He emphasized that the Board is committed to ensuring a smooth handover and continuing Hemas' growth trajectory.

Hemas Holdings remains steadfast in its purpose to empower families and aspire for a better tomorrow. The company will provide updates as the CEO search progresses.

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