- Vik Bansal, the former CEO of waste management company Cleanaway, has been named the new managing director of Boral Limited.
- The statement comes a year and a half after he resigned from Cleanaway, which came after Bansal faced workplace bullying allegations during his employment at the Australian rubbish collection company.
- Bansal’s appointment as CEO and Managing Director of Boral will take effect on or before December 5, 2022
Vik Bansal, the former CEO of waste management company Cleanaway (ASX: CWY), has been named the new managing director of Boral Limited (ASX: BLD), marking his return to a key position at an ASX-listed company.
The statement comes a year and a half after he resigned from Cleanaway, which came after Bansal faced workplace bullying allegations during his employment at the Australian rubbish collection company.
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Bansal’s appointment as CEO and Managing Director of Boral will take effect on or before December 5, 2022, when he leaves his current position as CEO of steelmaking company InfraBuild.
“Vik is a seasoned leader with extensive experience, and has a track record of instilling discipline and efficiency in complex businesses to create value for all stakeholders,” Boral chairman Ryan Stokes said.
“He is the right leader to guide the company into a new era. Vik has the passion, commitment and strategic leadership skills required to drive a performance orientated culture with a focus on productivity, stakeholders and leveraging Boral’s competitive advantages.”
Bansal stated that he hopes to help Boral attain its full potential and deliver value to shareholders once he assumes the post.
“Boral is an iconic and compelling business with great assets and a well-respected and motivated workforce,” Bansal said.
“I am excited to be part of Boral’s next phase of creating value for all its stakeholders through a culture of safety, and focus on service, sustainability and simplification.”
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Zlatko Todorcevski, the present CEO of Boral, will remain in that position until the transition to Bansal is complete.
