Mr.Narendra Sarda will retire as an Independent Director of the Company on March 27, 2022, due to completion of second term of office as an Independent Director. Consequently, he will cease to be a Director of the Company with effect from close of business hours on March 27, 2022.There is no further information from the company regarding appointment of Independent Director.
The Board announced Mr. Balfour Manuel as Managing Director for a period of 5 years with effect from May 16, 2022 to May 15, 2027 (both days inclusive), subject to approval of the Shareholders in the forthcoming Annual General Meeting
Mr. Balfour Manuel, aged 61 years, is a Blue Dart veteran of over 39 years, has been instrumental in the success of Blue Dart from the very beginning of the Company’s inception. Prior to his appointment as Managing Director, Mr.Balfour Manuel was Chief Executive Officer of the Company since January 2019.
Mr. Balfour Manuel holds the Masters degree in the Business Management in Marketing from the University of Mumbai.