Kumar’s elevation comes because the one-year extension given to S M Vaidya ended on Saturday. Vaidya, who took cost as IoCL Chairman in July 2020, retired in 2023, however was given a yr’s extension.
“He’ll concurrently function Chairman whereas persevering with in his function as Director (Advertising and marketing), a place he has held since October 2021. He additionally held the extra cost of Director (Finance) for a interval of 1 yr from October 2022, a interval characterised by geopolitical tensions as a result of Ukraine-Russia battle,” IoCL mentioned.
With a profession spanning 35 years, Kumar has served in numerous areas throughout the nation and held key positions, main IoCL’s efforts to keep up its management within the advertising of petroleum merchandise.
He has additionally gained intensive expertise in participating with multinational oil firms, serving as Non-Govt Chairman of Indian Oil Petronas, a three way partnership between IoCL and Petronas (Malaysia), and as Non-Govt Chairman of Indian Oil Mauritius, a subsidiary of IoCL.
Previous to his appointment as Director (Advertising and marketing), he has held the place of State Head for Madhya Pradesh and Chhattisgarh. As State Head, he performed a pivotal function in implementing key enterprise initiatives such because the Direct Profit Switch for LPG customers (DBTL), the Pradhan Mantri Ujjwala Yojana (PMUY).
Kumar is a Mechanical Engineer with a postgraduate diploma in Administration from the College of Ljubljana, Slovenia.
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