New Delhi: Arvindar Singh Sahney will be the new chairman of Indian Oil Corporation, the nation’s largest oil firm, according to an order issued by the petroleum ministry on Wednesday. Sahney, 54, is currently Executive Director (Business Development – Petrochemicals), Indian Oil Corporation Ltd (IOC).

He was in August selected to be the company’s director for business development but has now been appointed as the chairman of the firm. “The Appointments Committee of the Cabinet (ACC) has approved the proposal of this ministry for appointment of Shri Arvindar Singh Sahney, Executive Director, IOC to the post of Chairman, IOC, for a period of five years with effect from the date of his assumption of charge of the post, or till the date of his superannuation, or until further order, whichever is the earliest,” the Ministry of Petroleum and Natural Gas said in an order.

The post of chairman IOC fell vacant after Shrikant Madhav Vaidya completed his extended tenure on August 31, 2024. Currently, Satish Kumar Vaduguri (Director, Marketing, IOC), is holding the additional charge of chairman of the Fortune 500 company.

Sahney will be the second person after B Ashok to be elevated to the top job of the company without a board experience. Ashok too was Executive Director (Retail)........

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