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RInfra re-designates Lalit Jalan as CEO

Bt he will not be a part of the company board

Press Trust of India  |  New Delhi 

today said it has re-designated its whole-time director as Chief Executive Officer but he will not be a part of the company board.

In a filing to the Bombay Stock Exchange (BSE), the Anil Ambani-led company said, "With a view to bifurcating the executive responsibilities from the board membership, Lait Jalan and SC Gupta have stepped down from the board."

Gupta has been working in the company as its Director, Operations.

Reliance Infra's board, which met today, decided to make the changes.

"has been designated as Chief Executive Officer of and SC Gupta has been designated as Chief Executive Officer of Engineering, Procurement and Construction business of Rifra," it said.

Meanwhile, former Nuclear Power Corporation Chairman and Managing Director (CMD) VK Chatruvedi and ex-CMD of Punjab National Bank SS Kohli have joined board as independent directors.

It also said former CMD of Bharat Heavy Electricals (BHEL) will join the borad shortly as independent director.

"In accordance with the corporate governance policy of the Group and in line with the recommendatory provisions of the listing agreement, Gen VP Malik, SL Rao and Leena Srivastava have completed three terms of three years aggregating nine years and consequently stepped down from the Board of the Company," it said.

First Published: Mon, April 23 2012. 17:28 IST