Mumbai, Oct 05: Strengthening operational synergies in the recently acquired specialty chemicals company Kronox Lab Sciences Limited, Indo Borax has appointed Mr. Suresh Kalra as Managing Director and Chief Executive Officer and Mr. Shashikant Bharuka as Chief Financial Officer and Key Managerial Personnel at Kronox.
The leadership transition follows the completion of the acquisition of a 64.26% stake in Kronox Lab Sciences on September 29, by Indo Borax & Chemicals Limited recently. The move marks a new phase in the Company’s growth following the completion of the change in shareholding.
Mr. Kalra has been appointed as Managing Director and CEO for a period of five years. With more than 25 years of leadership experience in the chemicals industry, he brings extensive expertise across global operations, P&L management, manufacturing, strategic planning and international business expansion across India, the US, Middle East and Asia Pacific.
Commenting on his appointment, Suresh Kalra, Managing Director & CEO, Kronox Lab Sciences Ltd, said,
“Kronox has built a strong foundation in high-purity speciality chemicals, supported by its manufacturing capabilities, technical expertise and growing presence across domestic and international markets. I am excited to join the Company at this important juncture and look forward to working closely with the Board and the team to build on this foundation. Our focus will be on strengthening operations, expanding our capabilities, deepening customer relationships and pursuing sustainable growth opportunities across India and global markets.”
The new Board brings together experience across chemicals and manufacturing, financial management, banking, legal and corporate governance. The Board has also reconstituted the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee.
