Boral chief executive Vik Bansal will step down from the building materials giant next year and join the board of SGH Limited, the Stokes family-controlled conglomerate that took the business private 12 months ago.

Bansal has been a high-profile chief executive for a decade, having run Cleanaway Waste Management and InfraBuild, the steel distribution and manufacturing business owned by British industrialist Sanjeev Gupta. He was hired to run Boral, the country’s largest ASX-listed construction materials company, by SGH chief executive Ryan Stokes in 2022.