Blue Dart reappoints Balfour Manuel as Managing Director for another term of five years

3 Aug 2022 , 01:19 PM

Blue Dart Express Limited has re-appointed Balfour Manuel as Managing Director for another term of 5 years with effect from May 16, 2022. At the recently held Annual General Meeting, the shareholders of the Company approved his re-appointment.

Balfour Manuel has contributed a lot in the success of Blue Dart since its inception. He has been with the organization since its initial days in 1983 and has played a major role in focusing its 'People Centric' philosophy.

He is responsible for the organization's market-differentiating capabilities that includes an extensive ground network and strong air network as well supported by the organization's own fleet of aircraft and an extensive reach of over 55,000 locations across the country.

Sharad Upasani, Chairman, Blue Dart commented, "Despite the VUCA environment, under Balfour's leadership, we are delighted to see the strong growth that the company has achieved in the last four years. His all-round experience in the logistics sector has enabled the organization to surpass emerging challenges and remain a leader in the logistics space."

Further, Blue Dart has strengthened its present Board composition with the induction of Prakash Apte and Padmini Khare Kaicker as Independent Directors of the Company for 5 years term, effective from July 29, 2022.

At around 12:58 PM, Blue Dart Express was trading at Rs8,921.75 per share up by Rs85.35 or 0.97% from its previous closing of Rs8,836.40 per share on the BSE.