Gujarat Pipavav Port Limited have approved the appointment of Mr. Ajit Venkataraman as Managing Director of the Company effective 1 June 2019 in place of Mr. Keld Pedersen. Mr. Pedersen will be the Company's Managing Director upto 31 May 2019 and thereafter with effect from 1 June 2019 he will be the Company's Non-Executive Director representing the Promoter in addition to another assignment he will take within APM Terminals. Mr. Ajit Venkataraman joined APM Terminals Inland Services in Year 2015 and is currently its Managing Director for India and South Asia Region.

Before that he has worked with Tata Motors for over 12 years in various positions such as Head of Strategy Planning- Commercial Vehicles Business, CEO Regional Head ASEAN and Vice President Organisational Strategy. Further, Mr. Jan Damgaard Sorensen representing the Promoter has ceased to be the Company's Non-Executive Director with effect from 30 January 2019.