Australian building materials giant Boral has announced that Vik Bansal will start as the company's CEO and managing director on 10 October 2022.
Bansal is an accomplished CEO with deep leadership experience, managing industrial businesses through growth, transition, and improvement periods. He succeeds Zlatko Todorcevski, whose departure was announced in June this year.
Boral chairman Ryan Stokes said: "We are pleased to welcome Vik and look forward to working with him to lead Boral through the next phase of the company's journey, focused on creating value for all stakeholders. We are confident that his operational and performance-focused leadership will enable Boral and its people to realise the full and exciting potential of the company.
"On behalf of the Board, I would like to thank Zlatko for his contributions to the business over the past two years. Zlatko has led Boral through a successful transformation period, realigning the portfolio on Australian construction materials and refocusing the organisation."
Todorcevski will remain active at Boral until Bansal's arrival and is committed to supporting a smooth leadership transition.
