Blue Star Limited has made several important board level changes that were approved at the meeting of the board of directors held on March 5, 2019. The board has unanimously approved the appointment of Shailesh Haribhakti as the chairman of Blue Star with effect from April 1, 2019. He will succeed Suneel M Advani, who will be retiring from the board on March 31, 2019, in accordance with the retirement policy for non-executive directors. The board has appointed Advani, as chairman emeritus with effect from April 1, 2019. He will be an invitee to board meetings and will be available for consultation in an advisory capacity.
Vir S Advani has been elevated to vice chairman, and re-designated vice chairman and managing director with effect from April 1, 2019. In his enhanced role, Vir will be the primary interface between the board and the executive management, and will also directly oversee the company’s subsidiary Blue Star Engineering & Electronics Limited, international operations, corporate finance, corporate human resources, information technology, and corporate planning.
B Thiagarajan has been elevated to the position of managing director with effect from April 1, 2019. In his enhanced role, Thiagarajan will now be responsible for the projects and products businesses, manufacturing, R&D, supply chain, customer service, corporate communications, and corporate marketing services.