Australian construction materials provider Boral has appointed Vik Bansal as Boral’s chief executive officer and managing director.
His appointment becomes effective on or before Monday 5 December 2022. Boral says that Bansal has more than 30 years of leadership experience in managing complex industrial organisations through significant growth, transition and improvement.
Between 2015 and 2021 he was CEO of Cleanaway, implementing the Footprint 2025 strategy, embedding strong financial and operational discipline, improving safety, and prioritising customer service while developing a network of prized infrastructure.
Bansal is currently the CEO of InfraBuild where Boral says he has continued to deliver improvements across financial and operational metrics, demonstrating his ability to impact performance in a relatively short period of time.
Boral chairman Ryan Stokes commented: “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.
“He is the right leader to guide the vompany 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 said: “Boral is an iconic and compelling business with great assets and a well-respected and motivated workforce.
“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.”
Zlatko Todorcevski will remain in the CEO role until transition to Bansal is completed.
Stokes thanked Todorcevski for his contribution to the business and for continuing to lead the company during the transition.
“Over the last two years, Zlatko has overseen significant change, including a roadmap for the company’s transformation, the successful sale of non-core assets and the return of proceeds to investors,” Stokes said.
