V. Satish Kumar, who has been serving as the Director (Marketing) of Indian Oil Corporation Limited (IndianOil) since October 2021, has taken on the additional role of Chairman as of September 1, 2024. This appointment follows the completion of Shrikant Madhav Vaidya's tenure as Chairman.
Kumar's career with IndianOil spans 35 years, during which he has held various key positions across the country. He has also served as the Non-Executive Chairman of Indian Oil Petronas Pvt. Ltd and Indian Oil Mauritius Ltd. Notably, he held the additional charge of Director (Finance) for a year starting in October 2022, a period marked by significant geopolitical tensions due to the Ukraine-Russia conflict.
Under his leadership, the marketing division has achieved remarkable performance, including the modernization of retail outlets and the promotion of high-octane and energy-efficient fuels. Kumar has been a strong advocate for self-reliance and modernization within the company, driving initiatives in alternate and clean energy solutions.
Kumar's extensive experience and strategic vision are expected to guide IndianOil towards continued growth and innovation in the energy sector.