Balmer Lawrie & Co said on Tuesday that Prabal Basu has taken over as Chairman & Managing Director of the company from August 1. He succeeded Viren Sinha. Prior to his appointment as CMD, Basu was Director (Finance) of the company, overseeing the finance and IT functions of the manufacturing and service businesses.
The company in an announcement also said that Kalyan Swaminathan took over as Director (Service Business) from August 1. He will oversee travel & vacations and logistics businesses of the company. Prior to his elevation to the board, Swaminathan was leading the logistics infrastructure business of the company as Chief Operating Officer.