COMMERCIAL & INDUSTRIAL

InfraBuild appoints Vik Bansal as CEO

Australia’s largest integrated manufacturer and supplier of steel long products, InfraBuild, has announced the appointment of Vik Bansal as its new CEO.

Mr Bansal joins InfraBuild from Cleanaway, Australia’s leading waste management company, where as CEO he oversaw its significant growth during his approximately six-year tenure.

He has held a range of executive roles across Australia, Asia, and the United States over the last 20 years. This includes three years as General Manager of the OneSteel (now InfraBuild) business responsible for steel distribution and metal processing services.

Executive Chairman Sanjeev Gupta said: “Vik knows our industry very well and has runs on the board as a successful chief executive of an ASX100 company, successfully creating value and driving business transformation. He is aligned with our plans for InfraBuild, and the board is pleased to have him joining us to build on the exceptional work of Dak Patel and the team.”

Mr Bansal said: “I am incredibly encouraged by the company’s results, its prized infrastructure and competitive positioning. With strong market demand, InfraBuild is well-poised to continue on its recent trajectory.”

Mr Patel will remain involved with the broader group including as a Director of InfraBuild.

Executive Chairman Sanjeev Gupta said: “Dak has led a remarkable turnaround at InfraBuild. Recent financial results have been strong and he has built the foundations for future growth. I am delighted that we will continue to have access to Dak’s experience and commercial judgement in his continuing roles.”

Mr Patel said: “We have been planning for this transition for some time and Mr Bansal’s appointment aligns well with the future ambitions of InfraBuild.”

Mr Bansal commences his role as CEO on 1 July 2021. He will be a member of the InfraBuild board and will report to the Executive Chairman.

This article was first published in The Fence magazine.

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