The Transpacific (initially known as Cleanaway) was undergoing a debt crisis of about $2.1 billion six years ago. Vik Bansal InfraBuild was the savior of the then largest waste company in Australia. The company lacked strategic management and strong leadership. After Vik took over, the company rose on the ASX market index.
When he joined Cleanaway, he mobilized a lot of fund managers who helped the company from the heavy debt. Instead of making small moves, he laid the groundwork for Cleanaway and the nation as a whole. Through this, he changed the perception of garbage from a problem to be solved to a resource that generated value.
When he joined the company, he didn’t focus on cosmetic changes like most leaders would do. He wanted to develop an operating model to bring fast improvements and long-term success. He needed to integrate technical issues, team behavior, and the strategy at hand to achieve the organization’s goals.
Once Vik Bansal stabilized the operating model, Vik decided it was time to do the rebranding. After consulting with his executives, investors, and employees, he settled for a multi-brand business. The new brand came with a new mission statement and purpose.
With things changing for the better, Vik made it his goal for each employee to understand their role clearly. With this, the organization’s operations were precise, helping the organization’s smooth running. Vik Bansal has served as Cleanaway’s chief executive officer and managing director since 2015 and announced his departure from the position at the end of June 2021.
Vik is the chief executive officer of InfraBuild, an integrated steel manufacturing, and recycling company in Australia. He is well known for handling challenging development issues making him a good leader most companies want to work with. He studied electrical engineering at the National Institute of Technology Kurukshetra, receiving a bachelor’s degree with honors. Click here to learn more.
An article entitled, “Looking at the Global Future of Sustainable Steel with Vik Bansal”, building a sustainable future for the world will be impossible without finding a way to utilize technology and pave ways for innovation and sustainability. Bansal talked about sustainability – the environment is certainly a massive piece of the puzzle but it is a much bigger than just the environment,” said Bansal. “Sustainability must be considered for all of the other stakeholders”.
Follow his Twitter page on https://twitter.com/vikbansalceo