BPCL ex-chief Arun Singh is ONGC chairman – Times of India

NEW DELHI: The federal government on Wednesday appointed former Bharat Petroleum chairman Arun Kumar Singh as ONGC chief for 3 years, giving India’s largest exploration firm a full-time head after a niche of 19 months.
Singh, who superannuated from the oil refining and gasoline advertising firm on October 31, is the primary retired particular person to be appointed as head of a state-run firm and units a priority for future appointments in public sector undertakings.
He would be the second particular person from the ‘downstream’, or refining trade, to go ONGC, an ‘upstream’, or exploration firm after Subir Raha, who had moved from IndianOil in 2001.
Singh assumed cost as ONGC chairman inside hours of the federal government order within the firm’s Mumbai workplace as a substitute of the corporate headquarters in Delhi and instantly held a video convention with different administrators on the board.
Up to now, ONGC head was designated as CMD, combining the capabilities of chairman and managing director. However Singh’s appointment order says solely chairman, which has left the window open for the federal government to nominate an MD. The three-year tenure can be a primary since PSU board appointments are made for 5 years or the superannuation age of 60, whichever is earlier.
ONGC has been with out a full-time head since April 2021 after Shashi Shanker retired.
A mechanical engineer from Nationwide Institute of Expertise, Patna, Singh was director (advertising) of Bharat Petroleum from October 2018 to September 2021 earlier than being elevated as the corporate’s CMD.
A search-cum-selection committee arrange by the oil ministry really helpful his title for the ONGC high job after interviewing six candidates on August 27. On the time, Singh had already been really helpful by the federal government headhunter PESB for the put up of Petroleum and Pure Gasoline Regulatory Board chairman.
In his almost 38 years of expertise in oil and gasoline trade, he has headed enterprise models and entities in BPCL akin to retail, LPG, pipelines and provide chain optimisation.
He additionally served as President (Africa & Australasia) in Bharat PetroResources Ltd, BPCL’s upstream subsidiary.

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