Boral appoints new CEO & Managing Director

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Australian building products company Boral Limited has announced the appointment of Vik Bansal as its Chief Executive Officer and Managing Director, effective on or before 5 December 2022.

Mr Bansal, who is currently the CEO of InfraBuild, has more than 30 years of leadership experience in managing complex industrial organisations. Prior to joining InfraBuild, he was the CEO of ASX-listed waste management business Cleanaway from 2015 to 2021.

Mr Bansal has also volunteered as a director for organisations including the National Waste & Recycling Industry Council, Waste Management & Resource Recovery, and Disability Services Australia.

Boral Chairman Ryan Stokes said the Board was excited by the opportunity to work with Mr Bansal, who will replace outgoing CEO Zlatko Todorcevski.

“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,” Mr 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.”

Mr Bansal said he was delighted to be appointed as Boral’s CEO and Managing Director and to support Boral reach its potential and return value for shareholders.

“Boral is an iconic and compelling business with great assets and a well-respected and motivated workforce,” he stated.

“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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