Who will be the new face as Chairman of Indian Oil?

New Delhi: Indian Oil is soon to get its new Chairman as the current chairman and managing director of the company is about to superannuate.

Earlier the PESB notified the vacancy for the post of Chairman and Managing Director, Indian Oil Corporation Ltd (IOCL), the post is scheduled to fall vacant on September 1, 2023, on the retirement of Shrikant Madhav Vaidya. 

PESB on May 16 is going to take an interview, and in the list of 10 members, the CPCL managing director is also looking forward to taking the opportunity. 

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The shortlisted ones for CMD, IOCL interview:

Five Executive Directors from IOC: Sandeep Jain, Anna Durai, Sailendra Kurumaddali, Sanjay Parashar and Gur Prasad.

Chennai Petroleum Corporation Ltd (CPCL) managing director Arvind Kumar

Container Corporation of India Ltd (Concor) director (finance) Manoj Kumar Dubey

NMDC Ltd director (finance) Amitava Mukherjee.

Two Indian Railway Services officers -- Yatendra Kumar and Ranjan Prakash Thakur

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Mr Shrikant Madhav Vaidya puts IndianOil firmly on the forefront of corporate India's conservation efforts through pathbreaking initiatives like supporting the Cheetah reintroduction programme in India after their extinction over seven decades ago and protecting Indian single-horned rhinos.

Throughout his illustrious career, Mr Vaidya has demonstrated a people-centric approach and passionately upheld humane values and national priorities while inspiring his teams towards the highest benchmarks of excellence. His empathetic leadership has cemented IndianOil's reputation as a Company committed to rising above business priorities to enrich the lives of communities and marginalised sections through well-crafted social outreaches across multiple areas, including sports, healthcare, education, women empowerment, and heritage conservation.

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