Fleet Management is on the hunt for a new managing director as Kishore Rajvanshy is stepping down after 30 years.
As part of this transition, Angad Banga, chief operating officer of parent company The Caravel Group, will co-lead Fleet with Rajvanshy.
Rajvanshy will continue to manage the technical, seafarer personnel, quality, health, safety and environmental departments, and Banga will oversee all other divisions.
Rajvanshy — a marine engineer who learned the ship management trade under legendary Univan boss Captain Charles Vanderperre — has spent more than 50 years in shipping.
“As I prepare to pass the baton to the next generation, I am confident that the company’s future is bright and that it will continue to set industry standards for years to come,” he said.
“This is a landmark strategic move to mark our 30th anniversary year, to build on our rock-solid foundations and take the company to the next level.”
Banga, who will oversee the new management team under the mentorship of Rajvanshy and his father, Caravel Group CEO Harry Banga, has served as a Fleet board director for several years.
He joined his father at The Caravel Group a decade ago and is chairman of the Hong Kong Shipowners Association, as well as rotational chairman of the Asian Shipowners’ Association.
“I am driven to build on the robust legacy established by my father, Harry Banga, and Dr Rajvanshy, in working with our colleagues and partners and investing in Fleet to meet our clients’ needs now and into the future,” Banga said.
“Our company stands at the intersection of tradition and innovation. Leading our extraordinary team is a privilege, and we stand poised to continue to lead safety standards, embrace innovation and pursue new opportunities to serve our clients and the broader industry.”
