New Delhi: Sandeep Kumar Gupta is set to be the next Chairman & Managing Director (CMD) of GAIL (India) Limited, a Maharatna PSU under the Ministry of Petroleum & Natural Gas (MoPNG). He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Tuesday. Presently, Gupta is serving as Director (Finance) in Indian Oil Corporation Limited (IOCL), also a Maharatana PSU under the Petroleum Ministry. With his new charge, Gupta will replace Manoj Jain, who set to superannuate on September 1, 2022.
Gupta has been recommended for the post of CMD of GAIL from a list of 10 candidates who were interviewed by the PESB panel in its selection meeting held on June 28. Out of 10 candidates, six candidates were from GAIL and one each from Container Corporation of India Limited (CONCOR), Airports Authority of India (AAI), Indian Oil Corporation Limited and Indian Railways.
Gupta is a commerce graduate and a Chartered Accountant. He has more than three decades of rich work experience in the finance function in Indian Oil acquired during his posting at various refinery units, refineries headquarters and corporate office which includes corporate accounts, planning & analysis, treasury functions, financial concurrence, risk management, etc. Prior to joining as Director (Finance), he was the Executive Director (Corporate Finance) wherein he spearheaded several stakeholder-friendly initiatives like the maiden Buyback of Shares, the first Integrated Annual Report, transition to Indian Accounting Standards (Ind AS) etc.
Gupta is also a Director on the Board of IndOil Global B V Netherlands, IOC Middle East FZE, Dubai & IOCL Singapore Pte Ltd. (Wholly owned subsidiaries of Indian Oil). Gupta is also a Director on the Board of IndOil Montney Ltd., a subsidiary of Indian Oil's Wholly owned subsidiary, Indoil Global BV, Netherlands.
As CMD of GAIL, Gupta will be the Chief Executive of the corporation and will be accountable to its board of directors and government. He will be responsible for the efficient functioning of the Corporation for achieving its corporate objectives and performance parameters.
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