Kasturi to leave Hemas to take up new role with global firm

• Will continue to serve as Hemas Group CEO until March 31, 2024
• Hemas says director board has initiated search process to identify a successor

Hemas Holdings PLC yesterday announced the resignation of Kasturi Wilson from her position as Group Chief Executive Officer, effective 31st March 2024.

A press release issued by Hemas said 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.
It also said following her resignation, Kasturi will maintain her association with Hemas Holdings PLC by serving on its Board as a Non-Executive Director.

It further said the new role Kasturi is taking over will allow her a unique opportunity to operate on the international stage while continuing to fulfill her commitments in Sri Lanka.

Kasturi 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 leadership, Hemas transformed into a purpose-led organisation, strengthening its market position in consumer, healthcare, and mobility over the past three years.

Commenting on her departure, Hemas Holdings Chairman Husein Esufally 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.”
Kasturi 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.

Meanwhile, Hemas said its director 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.