Great Eastern Shipping has announced that K.M. Sheth will step down as Non-Executive Chairman on November 9, 2025, due to age-related reasons. In recognition of his service, he will be appointed Chairman Emeritus. Bharat K. Sheth, currently Deputy Chairman and Managing Director, will assume the role of Chairman, effective the same date, while continuing as Managing Director.
Leadership Transition
K.M. Sheth, the Non-Executive Chairman of Great Eastern Shipping, has decided to step down from his position, effective November 9, 2025. This decision is attributed to age-related factors. He has been with the company since 1952 and served on the Board since 1970.
Appointment of Chairman Emeritus
The Board has appointed K.M. Sheth as ‘Chairman Emeritus’ for life in recognition of his lifelong contributions. This position is honorary and does not include any remuneration.
New Chairman Appointment
Bharat K. Sheth, currently serving as the Deputy Chairman and Managing Director, will be appointed as the new Chairman of the company, effective November 9, 2025. He will continue to serve as Managing Director, becoming the Chairman and Managing Director.
Bharat K. Sheth’s Background
Bharat K. Sheth joined the Company in 1981 after graduating with a Bachelor of Science (Economics) from St. Andrews University, Scotland. He was inducted onto the Board as an Executive Director on July 01, 1989, and became Managing Director with effect from April 01, 1999. He was re-designated as Deputy Chairman & Managing Director with effect from August 12, 2005. He is the son of K. M. Sheth and brother of Ravi K. Sheth, Non-Executive Director of the Company.
Source: BSE
