Debt-ridden Jaiprakash Associates Ltd (JAL) Saturday said its board has approved the re-appointment of its promoter Manoj Gaur as Executive Chairman and CEO for 3 years with effect from April 1.

"Based on recommendations of nomination and remuneration committee, the Board of Directors of the company...has approved the re-appointment of Manoj Gaur, Executive Chairman and CEO for a further term of 3 years with effect from April 1, 2019 and Sunil Kumar Sharma, Executive Vice Chairman for a further term of 3 years with effect from March 18, 2019," Jaiprakash Associates Ltd (JAL) said in a BSE filing.

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