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Hemas announces key changes to top management

07 Nov 2013 - {{hitsCtrl.values.hits}}

Hemas Holdings PLC yesterday announced changes to its director board and the top management.

As part of a management succession plan, Husein Esufally has been appointed as the Chairman of Hemas Holdings PLC, following Lalith de Mel’s decision to retire after serving the company for over a decade.

Further, Steven Enderby has been appointed as the Group Chief Executive Officer, effective April 1, 2014.

In order to make a smooth transition, Enderby has been appointed to the Hemas Holdings board with immediate effect and will play the role of Deputy CEO.

Hemas has also appointed Group Chief Financial Officer Malinga Arsakularatne to the board During the interim period, the current CEO Husein Esufally will take on the dual role of CEO and Chairman until March 31, 2014. Thereafter, he will play the role of Non-Executive Chairman, providing continuity and support to the incoming CEO.

“Deshamanya Lalith De Mel has contributed immensely to building a foundation of governance at Hemas, guiding us with his rich wisdom throughout the last decade. I too have completed a long tenure as the Group CEO of Hemas and feel that the time is right for an infusion of new ideas and a proactive change of guard in this pivotal position,” said the current CEO Husein Esufally.

CEO designate Steven Enderby’s global experience spans across four continents over a period of three decades. His experience through globally renowned firms such as CDC Capital Partners and Actis has given him exposure to multiple business sectors and corporate environments.

He worked for five years in Colombo in the late 90s and has been closely involved in the Sri Lankan business environment over the last 17 years, including serving as the Director of John Keells Holdings, National Development Bank, Lion Brewery and Millennium Information Technologies.

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Hemas announces key changes to top management

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