V Satish Kumar takes additional charge as IndianOil chairman

04 Sep 2024 CW Team

V Satish Kumar has assumed the additional role of Chairman at Indian Oil Corporation Limited (IndianOil), while continuing as Director (Marketing), a position he has held since October 2021. Kumar, who brings 35 years of experience to the table, also served as Director (Finance) for a year beginning in October 2022, during a period marked by the geopolitical challenges of the Ukraine-Russia conflict.

Kumar has been instrumental in leading IndianOil’s marketing operations nationwide, ensuring uninterrupted petroleum supplies even amid natural disasters and other disruptions. Under his leadership, IndianOil achieved its highest physical performance in the last three years, becoming a market leader in the sales of high-octane fuels, green lubricants, and clean energy solutions like E-mobility and bio-fuel blends.

During his tenure, IndianOil modernised its retail outlets, expanded its infrastructure with new bottling plants, and established large retail outlets with wayside amenities along highways. The company's brand strength also improved, with IndianOil ranking 3rd among top oil and gas companies worldwide in 2023.

A Mechanical Engineer with a postgraduate degree in Management from the University of Ljubljana, Slovenia, Kumar has extensive experience across various regions in India and in collaboration with multinational oil companies. As Chairman, he is expected to continue driving IndianOil’s growth with a focus on sustainability.

(ET)

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