Great Eastern Shipping has announced that K.M. Sheth will step down as Non-Executive Chairman, effective November 9, 2025, due to age-related reasons. The Board has appointed Bharat K. Sheth, currently Deputy Chairman and Managing Director, as the new Chairman. K.M. Sheth has been named Chairman Emeritus in recognition of his 73 years of service.
Chairman’s Retirement
K.M. Sheth, Non-Executive Chairman of Great Eastern Shipping, will retire from his position on November 9, 2025, citing age-related reasons. He joined the company in 1952 and has been a pivotal figure in its growth and success.
Appointment of New Chairman
The Board of Directors has appointed Bharat K. Sheth as the new Chairman of the company, effective November 9, 2025. He will also continue to serve as Managing Director. Bharat K. Sheth has been with the company since 1981 and previously held the position of Deputy Chairman and Managing Director.
Recognition of K.M. Sheth’s Service
In recognition of his contributions, K.M. Sheth has been named Chairman Emeritus of Great Eastern Shipping. This position is honorary, and he will not receive any remuneration in this capacity.
Bharat K. Sheth’s Profile
Bharat K. Sheth joined Great Eastern Shipping in 1981 after graduating from St. Andrews University with a degree in Economics. He was inducted onto the Board as an Executive Director on July 1, 1989, and became Managing Director on April 1, 1999. He then became the Deputy Chairman and Managing Director on August 12, 2005.
Source: BSE
