New Delhi: Satish Kumar Vaduguri has been appointed as Director (Marketing) of Indian Oil Corporation Limited (IOCL). The Appointments Committee of the Cabinet (ACC) has approved the appointment of Vaduguri to the Director level post in Indian Oil on Tuesday. According to an order from the Department of Personnel & Training (DoPT), he has been appointed to the post for a period with effect from the date of his assumption of charge of the post till the date of his superannuation, i.e. July 31, 2025, or until further orders, whichever is earlier. He is currently serving as Executive Director in the same Maharatna PSU.
PSU Watch is the first news organisation to report when Satish Vaduguri was selected for the post of Director (Marketing) of Indian Oil by the PESB panel on August 3. He was selected for the post from the list of nine candidates, who appeared and were interviewed by the selection panel.
As Director (Marketing) of India Oil, Vaduguri will be a member of the Board of Directors and will report to the Chairman. His duties will be to contribute to the formulation of corporate plans, policies, strategies, both short and long term towards attaining the business objectives of the corporation. He will lead the marketing activities of the company and will be responsible for the overall performance of the downstream petroleum business of the company.
Indian Oil Corporation Limited (IOCL), commonly known as Indian Oil is a government-owned oil and gas company headquartered in New Delhi. It is a Maharatna PSU under the Ministry of Petroleum and Natural Gas (MoPNG). Indian Oil is the largest commercial oil company in the country. It is ranked 1st in Fortune India 500 list for the year 2016 and 117th in the Fortune Global 500 list of the world's largest companies in the year 2019.