Boral (ASX:BLD) appoints Vik Bansal as CEO and MD; shares rise

June 08, 2022 01:43 PM AEST | By Sonal Goyal

Boral (ASX:BLD) appoints Vik Bansal as CEO and MD; shares rise — Image source: © Timonschneider | Megapixl.com

Who is Vik Bansal?

Image source: © Jirsak | Megapixl.com

Vik Bansal holds over 30 years of experience in managing industrial organisations and have led them to improvement, transition and growth. Bansal was associated with Cleanaway for six years until 2021. In Cleanaway, he implemented the Footprint 2025 strategy, focused on safety, financial and operational discipline and prioritised customer services.

Reportedly, Vik Bansal resigned from Cleanaway on mutual agreement with the board members.

Presently, Bansal is the CEO of InfraBuild, where he showcased his capabilities to improve business performance in a short span of time. He delivered improvement across operational and financial metrics, said Boral's management in a statement.

Bansal currently chairs LGI Pty Ltd. He has volunteered as a director for organisations including Disability Services Australia, Waste Management & Resource Recovery and the National Waste & Recycling Industry Council.

Ryan Stokes, chairman of Boral, said it is the 'right time to transition to a new leader'. Todorcevski will depart by 5 December 2022 after serving the company for two years. He has overseen considerable changes in the company, such as the return of proceeds to investors and the sale of non-core assets. He was leading the company when Boral was facing unprecedented challenges such as floods, construction shutdowns and the peak of pandemics.

Ryan Stokes commented on the appointment of new CEO,

Do read: ASX 200 to open higher; Wall Street rises in broad rally

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