GMR undergoes organisational restructuring

Bangalore: Infrastructure developer GMR Group on Wednesday announced a major organisational restructuring with an aim to tap growth opportunities in India and abroad.
Under the new structure, the current chairman and managing director G M Rao will assume the role of Group Chairman, while the group will have four chairmen to lead individual businesses. Besides, it will have professional CEOs to head various individual businesses, the group said in a statement. The restructuring will be effective from October 1.
B Srinivas, presently the Managing Director of Delhi International Airport Ltd (DIAL), will become chairman of urban infrastructure and highways, including the SEZ business. Similarly, B V N Rao, presently Group Director, will be chairman of energy and agriculture (the sugar manufacturing business) of the Group.
The present Group Chief Financial Officer G B S Raju will assume the role of chairman corporate, responsible for human resources, finance, corporate strategic planning and corporate communications. He would also be responsible for International Business Division such as Sabiha Gocken Airport project in Istanbul, Turkey.
29/08/07 PTI/Economic Times

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Categories: Airports Aug 2007