Hemas Holdings announces Board-level leadership changes

Wednesday, 3 December 2025 05:22 -     - {{hitsCtrl.values.hits}}

  • Longstanding Husein Esufally will retire from Board as Group CEO and Chairman, with effect from 31 December
  • Investment banking specialist Ajith Fernando will be new Chairman of Hemas Holdings from 1 January 2026
  • Murtaza Esufally has been appointed new Deputy Chairman

Hemas Holdings PLC yesterday announced upcoming changes to its Board of Directors, reflecting the Group’s commitment to strong governance and a seamless leadership transition.

Husein Esufally, who has served Hemas for over four decades in various leadership capacities including Group Chief Executive Officer and Chairman, will retire from the Board with effect from 31 December. 

Under his stewardship, Hemas evolved into one of Sri Lanka’s most respected and diversified conglomerates, delivering consistent value to stakeholders. The Board of Directors and the Hemas Group expressed its profound appreciation for his vision and dedication, which have been instrumental in shaping the Group’s purpose-driven culture and long-term success, a statement from the Company said. 

The Group also announced that Deputy Chairman Dr. Anura Ekanayake will retire on 31 December upon completion of his term. Dr. Ekanayake’s contributions to the Board and the Group have been significant, particularly in strengthening governance and providing strategic counsel during periods of transformation.

Effective 1 January 2026, Ajith Fernando will assume the role of Chairman of Hemas Holdings PLC. A veteran in investment banking with over 30 years of experience, Fernando is widely recognised for his strategic insight and disciplined execution. His proven track record in building and scaling businesses positions him to guide Hemas through its next phase of growth and innovation.

To ensure continuity and reinforce Board oversight, Murtaza Esufally, current Chairman of the Healthcare cluster, has been appointed Deputy Chairman of Hemas Holdings PLC, effective 1 January 2026. His deep industry expertise and longstanding leadership within the Group will support Hemas’ strategic priorities and governance framework.

The statement said these appointments reflect Hemas’ commitment to balancing continuity with renewal, preserving the Group’s heritage while strengthening its leadership to achieve its growth priorities and deliver shareholder value.

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