BPCL CMD G Krishnakumar's Tenure to end soon; PESB unable to find suitable candidate

New Delhi, 3 February 2025 – The race to fill the Chairman & Managing Director (CMD) position at Bharat Petroleum Corporation Limited (BPCL) has been heating up, but the seat remained vacant because the Public Enterprises Selection Board (PESB) did not find any suitable candidate for the post. Recently a PESB meeting held on February 1, 2025, to interview twelve highly qualified candidates for the prestigious role. Despite the rigorous selection process, the Board did not recommend any candidate, leaving BPCL in a leadership limbo.

The Candidates in the Spotlight:

1. Shri Vetsa Ramakrishna Gupta: Director (Finance), BPCL

2. Shri Khanna S: Director (Refineries), BPCL

3. Shri Manoj Heda: Executive Director (International Trade and Risk Management), BPCL

4. Shri Pushp Kumar Nayar: Executive Director (HRD), BPCL

5. Shri Pardeep Goyal: Executive Director (Retail), BPCL

6. Shri Chacko Mazhuvanchery Jose: Executive Director (Bina Refinery), BPCL

7. Shri Subhankar Sen: Executive Director (Lubes), BPCL

8. Shri Shelly Abraham: Executive Director (Supply Chain Optimization), BPCL

9. Shri Biju Gopinath: Executive Director (Pipelines), BPCL

10. Shri Dharmendra Kumar Sharma: Executive Director (Corporate Strategy & Planning and Business Development), HPCL

11. Shri Hemant Kumar Rathore: Executive Director (UPSO II), IOCL

12. Shri Mathew Varghese: Executive Director (Delhi State Office), IOCL

The absence of a PESB recommendation has significant implications for BPCL, a key player in India's energy sector. The company is eagerly awaiting a decision on the next steps for the selection process, which may include forming a Search-cum-Selection Committee (SCSC) or exploring other appropriate means with the approval of the competent authority1.

BPCL's CMD position is critical for steering the company through its next phase of growth and innovation. Industry observers are closely watching the developments, as the appointment of a new CMD will shape BPCL's strategic direction and operational efficiency.
 

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Current CMD of BPCL: Shri G. Krishnakumar

Shri G. Krishnakumar takes over as Chairman and Managing Director of Bharat Petroleum on March 17, 2023, he is an Industry veteran with diverse leadership experience across businesses and functional domains in his 36-year journey at BPCL. 

He has been at the core of BPCL’s pioneering work in revolutionising the downstream fuel retailing industry in the country. Prior to his elevation to the board, as the head of BPCL’s Lubricants business, he spearheaded brand MAK’s aggressive growth in the domestic and international markets, and in the expansion of the product portfolio to cover new and emerging industrial, agricultural, passenger and commercial vehicle segments. He also championed the expansion of the service dimension of the MAK brand - MAK Quik, for quick oil change for 2-wheelers which has since been adopted by millions of customers. 

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