Transpacific announces Bansal as group CEO


Company swaps departing American for returning Australian

Transpacific announces Bansal as group CEO
Vik Bansal has international experience at a senior level.

 

Big fleet waste management firm Transpacific Industries has chosen Vikas (Vik) Bansal as its new group CEO.

Bansal, an Australian engineer and businessman with international senior executive experience, takes over from Bob Boucher, who returned to the US for personal reasons.

"I am confident that Vik's proven management skills in leading businesses successfully through major change, combined with our experienced executive leadership team will ensure the momentum toward achieving those strategic goals is maintained," Transpacific chairman Martin Hudson says. 

Bansal worked in the US for five years as president/chief operating officer of Valmont Industries, which supplies engineered products and services for infrastructure and irrigation equipment for agriculture.

For three years before that, he was group president of Valmont’s largest subsidiary, Engineering Infrastructure Products.

In Australia last decade, he held senior regional roles with Eaton Corporation and Delta Group.

The new CEO will have a $1.2 million a year base salary plus long- and short-term incentives along with performance rights.

 

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