Highlight
- Gupta assumes additional charge as Chairman and Managing Director of BPCL
- Gupta succeeds Arun Kumar Singh, who retired on October 31
- Gupta joined BPCL in August 1998 and has experience in financial operations
Vetsa Ramakrishna Gupta on Tuesday assumed additional charge as the chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL) – the second ‘Maharatna’ oil PSU to get interim head in the absence of regular appointment. Gupta, Director (Finance) BPCL has succeeded Arun Kumar Singh, who retired on October 31, a company statement said.
The Government Headhunter Public Enterprises Selection Board (PESB) in March this year had advertised for the post of Chairman and Managing Director of BPCL to look for Singh’s successor. The job applications closed on June 1, but PESB has yet to recommend a candidate, which requires the appointment of an interim chief. Singh retired after serving as the Chairman and Managing Director of BPCL for 13 months.
His successor, 51-year-old Gupta, is the senior-most director on the company’s board and has therefore been given additional charge. He will retire in June 2031. BPCL is the second oil PSU to get an interim head. Oil and Natural Gas Corporation (ONGC) is without regular Chairman and Managing Director with effect from April 2021. Rajesh Kumar Srivastava, Director (Exploration), is holding additional charge. He is the third interim chairman of ONGC.
A Chartered Accountant as well as a Cost Accountant, Gupta joined BPCL in August 1998 and was assigned finance functions covering commercial finance, corporate accounts, risk management, business planning, budgeting and treasury operations, the BPCL statement said. is experiencing. He is currently on the board of Bharat Petro Resources Limited and Fino Petec Limited. He is also a member of the board of recently amalgamated companies BORL (Bharat Oman Refineries Limited) and BGRL (Bharat Gas Resources Limited) as well as MAFFL (Mumbai Aviation). Fuel Farm Facility Private Limited).
“As a member of the Board of BPCL, he has been instrumental in formulation and implementation of the strategy to ensure sustainable growth for the organization in the backdrop of the paradigm shift in the energy landscape,” the statement said. Under his able leadership, BPCL swiftly completed the merger of BORL and BGRL, wholly owned subsidiaries with BPCL, as well as the smooth induction of BORL and BGRL employees into the BPCL family.
Read also | SEBI issues guidelines for standardization of rating parameters of CRA
Read also | Inflation in Europe at a new record high of 10.7%, slowing the economy