Boral (ASX:BLD) appoints new Chief Executive Officer

Building products business Boral (ASX:BLD) has appointed Vik Bansal as its new chief executive officer (CEO) and managing director, effective on or before December 5 this year.

Mr Bansal is currently the CEO of InfraBuild, and from 2015 to 2021 he was CEO of ASX-listed waste management business Cleanaway.

“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,” said chairman Ryan Stokes.

Mr Bansal will be paid fixed remuneration of $1.5 million a year, inclusive of compulsory superannuation contributions and salary sacrifice arrangements.

Zlatko Todorcevski will remain in the CEO role until Mr Bansal’s transition is completed.

Shares last traded at $2.86.