G K Satish today took over as Director (Planning and Business Development) of Indian Oil Corp (IOC).
Prior to this, he was executive director in-charge (Gas Business) at IOC. He replaces Debasis Sen who superannuated yesterday.
"A Graduate in Mechanical Engineering from the National Institute of Technology, Surat and a Post-Graduate in Management from Management Development Institute, Gurgaon, Satish has over 30 years experience in IOC in the areas of marketing operations, logistics, business development, international trade, natural gas business and human resources," the company said in a statement.
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He is also Chairman of IndianOil-Adani Gas Pvt Ltd, which is developing city gas distribution (CGD) networks in various cities across the country, and Chairman of IndianOil LNG Pvt Ltd, which is setting up an LNG import terminal at Ennore near Chennai.
He is also a Director on the Boards of Green Gas Ltd, which is operating CGD networks in Agra and Lucknow, and GSPL India Gasnet Ltd and GSPL India Transco Ltd, which are implementing cross-country natural gas pipelines.
IOC also named Satish as its nominee director on Petronet LNG Ltd to replace Sen.
IOC holds 12.5 per cent stake in Petronet and has right to nominate one director on board of India's largest liquefied natural gas importer (LNG).
"Satish has been appointed as Nominee Director of IOC w.E.F. September 01, 2016 in place of Debasis Sen who has been superannuated from the services of IOC w.E.F. August 31, 2016," Petronet said in a regulatory filing.
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