Air conditioning major Blue Star on Tuesday said its board has appointed Shailesh Haribhakti as its next Chairman with effect from April 1. The company’s board also made other changes including elevation of Vir S. Advani as the Vice Chairman and his re-designation as Vice Chairman and Managing Director.
“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,” the company said in a regulatory filing. The retiring Chairman would be appointed as the Chairman Emeritus, it added.
Haribhakti joined the board of Blue Star in 2005 as an Independent Director and will be “the first professional, independent Chairman in the history of the company”.
The board also decided to elevate B. Thiagarajan as the Managing Director of the company. All the announced appointments and elevations would be effective from April 1.