London-listed Essar Energy appoints new CFO

London-listed Essar Energy Plc today said it has appointed P Sampath as Chief Financial Officer following the decision by the current CFO Gerry Bacon to leave the company at the end of September.

Sampath's appointment will be effective from September 1 2010. He will be based at the group's offices in London and will report to Naresh Nayyar, Chief Executive Officer.

"Sampath has held the position of CFO of Essar Oil Ltd since August 2008," the company said in a press statement here. Before that he held a number of senior finance roles, including that of Group CFO for RPG Enterprises, and was Managing Director of GHCL.

A Commerce graduate from the Madras University, Sampath is Fellow Member of the Institute of Cost Works Accountants of India as well as the Institute of Company Secretaries of India.

Gerry Bacon joined Essar Energy in January 2010 to support its public offer in the UK and put in place the finance organisation for the new company. "He has decided to return to academia," the statement said.