Jaiprakash Associates re-appoints Manoj Gaur as Exec Chairman, CEO for 3 yrs

Debt-ridden Jaiprakash Associates Ltd (JAL) Saturday said its board has approved the re-appointment of its promoter Manoj Gaur as Executive Chairman and CEO for 3 years with effect from April 1.

The Board has also approved re-appointment of Sunil Kumar Sharma as Executive Vice-Chairman for 3 years with effect from March 18, 2019.

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"Based on recommendations of nomination and remuneration committee, the Board of Directors of the company...Has approved the re-appointment of Manoj Gaur, Executive Chairman and CEO for a further term of 3 years with effect from April 1, 2019 and Sunil Kumar Sharma, Executive Vice Chairman for a further term of 3 years with effect from March 18, 2019," Jaiprakash Associates Ltd (JAL) said in a BSE filing.