New top boss for GMR

Kiran Grandhi has been appointed managing director of the PPP developer.

GMR Infrastructure has rotated its leadership, installing Kiran Grandhi as managing director and accepting the resignation of B.V.N. Rao, who will remain on the board of directors.

GMR Infrastructure, holding company of public-private partnership (PPP; P3) developer GMR Group, has a policy of alternating senior management. Grandhi, 38, had been chairman in charge of highway infrastructure, GMR Infrastructure said.

Grandhi is also versed in airport privatisation, leading GRM Airports to a PPP for Turkey's Sabiha Gokcen International Airport and a deal for Ibrahim Nasir International Airport.

Headquartered in India, GMR is active in Turkey, South Africa, Indonesia and Singapore.