Kaiser Corporation Ltd. announced that the meeting of the Board of Directors of the company held on May 28, 2015, have decided to appoint Mr. Bhushanlal Desraj Arora as the Managing Director of the company with effect from July 01, 2015 in place of Mr. Jehangir Ruttonjee Patel the existing Managing Director who will resigning with effect from July 01, 2015. The appointment of Mr. Bhushanlal Desraj Arora as a Managing Director will be subject to the approval of the shareholders.