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Arvindar Singh Sahney Appointed as the New Chairman of Indian Oil Corporation Limited.

Appointment | Dated: 20 Nov 2024

The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas (MoPNG) for the appointment of Arvindar Singh Sahney as the new Chairman of Indian Oil Corporation Limited (IOCL) for a 5-year tenure, effective from the date of assuming office or until superannuation.

🎯 Key Highlights:

  • - He replaced Satish Kumar Vaduguri, IOC's Director of Marketing (DOM), who had been handling the additional charge of Chairman since September 2024, after Shrikant Madhav Vaidya's tenure ended on August 31, 2024.
  • - Prior to the appointment, Sahney served as the Executive Director of Business Development (EDBD) in the Petrochemicals division at IOC.
  • - Sahney is a chemical engineer from Harcourt Butler Technical University (HBTU), Kanpur.

💡 Other Important Facts:

  • (i) In August 2024, he was initially selected to be the company's Director for Business Development (DBD) but has now been elevated to the position of Chairman of IOC.
  • (ii) He also chairs Terra Clean Ltd, a subsidiary of Indian Oil focused on sustainable solutions.

📚 Test Your Knowledge:

Recently, who was appointed as the new Chairman of Indian Oil Corporation Limited?

Correct Answer: Arvindar Singh Sahney

🚀 Quick Recap:

About IOCL (Indian Oil Corporation Limited)

  • CMD : Arvindar Singh Sahney
  • Headquarters: New Delhi