Thursday, 1 December 2011

Chetan Mehra quits great offshore board

More than a year after being elevated to the board of directors at Great Offshore, Chetan Mehra, the son-in-law of chairman, PC Kapoor, resigned from the board. Bharati Shipyard, promoted by PC Kapoor and Vijay Kumar, had acquired Great Offshore in 2009 and Chetan Mehra was widely seen as instrumental in the acquisition.  Mehra, who was appointed as a director at Great Offshore in February last year, was later elevated as an executive director in September this year. In December, he resigned as executive director of the company, but decided to stay on as a director in the debt-laden offshore major. 


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