Ashean Karthelis Appointed Group Managing Director of Fairway Holdings

Fairway Holdings Ltd. has appointed Ashean Karthelis as its Group Managing Director, marking a new chapter in the group’s ongoing growth and development.

The appointment recognises Karthelis’ contribution to the organisation over the past four and a half years, during which he has played a key role in strengthening its structure, stability and strategic direction. He previously served as Group Chief Executive Officer, helping improve organisational alignment, accountability and coordination across the group’s diverse business operations.

In his new role, Karthelis will continue to provide overall leadership across Fairway Holdings’ business portfolio, which spans real estate, leisure, construction and interior solutions, renewable energy and other business interests.

His expanded responsibilities will place greater emphasis on driving business growth, improving performance and ensuring long-term sustainability across the group.

Strengthening Group Leadership

During his tenure as Group CEO, Karthelis contributed to establishing stronger organisational frameworks and improving coordination among the group’s different business units. These efforts have helped create a more structured foundation for Fairway Holdings as it prepares for its next phase of development.

The appointment reflects the group’s focus on leadership continuity while building on the strategic and operational progress made in recent years.

Chairman Welcomes Appointment

Commenting on the appointment, Fairway Holdings Chairman Virath de Alwis said Karthelis’ elevation to Group Managing Director recognises his contribution to the organisation over the past four and a half years.

“Ashean’s appointment as Group Managing Director is a recognition of the contribution he has made to Fairway over the past four and a half years. His commitment to bringing structure and stability across our businesses has helped strengthen the Group’s foundations and prepare us for the opportunities ahead,” de Alwis said.

With Karthelis assuming the role of Group Managing Director, Fairway Holdings aims to build on its strengthened organisational foundations while pursuing growth opportunities across its diverse business sectors.