Management Change28 Sept 2026, 05:41 pm
Allcargo Logistics MD & CEO Resigns; New MD Appointed
AI Summary
Allcargo Logistics Ltd announced significant management changes following board meetings on September 28, 2026. Mr. Ketan Kulkarni resigned as Managing Director & CEO, effective December 31, 2026, to take on a new group-level role as Chief Growth Officer from January 1, 2027. Concurrently, Mr. Vijay Nehra has been appointed as Chief Transformation Officer & MD Designate from October 1, 2026, and will be re-designated as Managing Director & CEO for a five-year term starting January 1, 2027, subject to shareholder approval. The company also noted the effective dates and transition plans for these key leadership roles.
Key Highlights
- Ketan Kulkarni resigns as MD & CEO, effective Dec 31, 2026.
- Ketan Kulkarni to become Group Chief Growth Officer from Jan 1, 2027.
- Vijay Nehra appointed MD & CEO for 5 years from Jan 1, 2027.
- Vijay Nehra also appointed Chief Transformation Officer & MD Designate.
- Shareholder approval is required for Nehra's MD & CEO appointment.
Price Impact
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