ON THE BEAM EACH QUARTER, THE AUSTRALIAN STEEL INSTITUTE BRINGS YOU NEWS AND VIEWS FROM AROUND THE STEEL INDUSTRY IN OUR REGULAR COLUMN: ON THE BEAM. FROM PROJECTS WON AND COMPLETED, THROUGH TO NEW PRODUCT LAUNCHES AND COMPANY ANNOUNCEMENTS, YOU CAN FIND IT ALL HERE.
INFRABUILD APPOINTS VIK BANSAL AS CEO AND EXECUTIVE DIRECTOR
BLUESCOPE COMMITS TO WORKPLACE GENDER EQUALITY
Australia’s largest integrated manufacturer and supplier of steel long products, InfraBuild, recently announced the appointment of Vik Bansal as its new CEO.
BlueScope is proud to be a signatory to 40:40 Vision, an initiative led by members of Australia’s investor and business community to achieve gender balance in executive leadership across all ASX200 companies by 2030.
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," said Gupta.
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40:40 stands for 40% women, 40% men and 20% any gender. 40:40 Vision seeks to achieve this goal by encouraging companies to set and publicly report on progress against targets for the composition of their executive leadership teams. Committing to 40:40 Vision demonstrates BlueScope's long-term commitment to workplace gender equality and aligns with the company's purpose: to strengthen our communities for the future. According to BlueScope, a diverse workforce and inclusive culture are competitive advantages that lead to sustained business success and make BlueScope a better place to work. BluScope has already reached the 40:40 Vision target of 40% women on both its Executive Leadership Team and Board of Directors, but recognises that there is work to do to reach 40:40 in business leadership teams and at other levels.
