Matt McKenzie is set to become the chief executive officer of Boral, effective 1 April 2026. He will take over the reins from Vic Bansal, who has been Boral chief executive officer and managing director since 2022.
Bansal will join the SGH board as a director on the same day of McKenzie’s appointment.
SGH managing director and chief executive officer Ryan Stokes AO said McKenzie has everything it takes to continue Boral’s next phase of its growth strategy.
“Matt knows this business deeply, has been central to the operational momentum we have built, and has the experience and discipline to take it further,” Stokes said.
“The board has every confidence in his ability to continue delivering for our customers, employees and shareholders.”
Stokes said Bansal has set McKenzie up for great success, and his contribution to Boral has been outstanding.
“Vic took over a business that needed fundamental change and delivered a stronger more focused performance orientated company,” he said.
“Vic has left Boral in an excellent position to continue delivering on its potential.”
Bansal said it’s been an honour and a privilege to lead Boral to new highs and is excited for a new chapter.
“I am proud of what the Boral team has achieved and leave with great confidence in the business and in the leadership that will take it forward,” Bansal said.
“I am excited to be joining the SGH board as a director where I can continue to support the growth and performance of the company.”
McKenzie has served as Boral chief operating officer since July 2025, appointed as part of the planned succession process, and prior to that as executive general manager, concrete and quarries (south). He has firsthand experience in operating Boral’s core businesses of concrete, quarries, asphalt and recycling.
McKenzie said he is honoured to take on the role and is excited to lead Boral forward.
“The foundations Vik and the team have built are strong, and my focus is clear to continue improving safety performance, drive operational excellence across every site, and deliver for our customers,” he said.
“I am looking forward to the work ahead.”
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