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PESB picks Arun Kumar Singh to steer BPCL through disinvestment as its CMD

Arun Kumar Singh has been recommended for the post of Chairman & Managing Director (CMD) of BPCL by the Public Enterprises Selection Board (PESB) panel on Monday

PESB picks Arun Kumar Singh to steer BPCL through disinvestment as its CMD
PESB picks Arun Kumar Singh to steer BPCL through disinvestment as its CMD

New Delhi: Arun Kumar Singh, who currently holds two key responsibilities at disinvestment-bound Bharat Petroleum Corporation Limited (BPCL), is set to be the next Chairman and Managing Director (CMD) of the oil marketing major. He has been recommended for the BPCL CMD post by the Public Enterprises Selection Board (PESB) panel on Monday. He is serving as Director (Marketing) in the same Maharatna PSU and also holds additional charge of the post of Director (Refineries). Currently, BPCL's Director (HR) K Padmakar holds the additional charge of the BPCL CMD post. Padmakar was given an additional charge of the post in September 2020 after Rajkumar’s superannuation.

Singh has been recommended for the post of CMD of BPCL from a list of six candidates, who were interviewed by the selection panel. All the candidates, who were on the list, were from BPCL.

Arun Kumar Singh

Singh is a Mechanical Engineer with the first rank from the National Institute of Technology, Patna. He has vast experience of 31 years in the oil sector. He has headed various positions in BPCL in retail, LPG, pipelines, supply chain optimisation. He has also held the position of President (Africa & Australasia) in Bharat PetroResources Ltd (BPRL), a wholly-owned subsidiary of BPCL. He was also a Director on the board of Bharat Gas Resources Limited, a wholly-owned subsidiary of BPCL. In December 2020, Singh was given the additional charge of Director Refineries at BPCL.

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Bharat Petroleum Corporation Limited (BPCL)

Bharat Petroleum Corporation Limited (BPCL) is a government-controlled oil and gas company headquartered in Mumbai, Maharashtra. It is a Maharatna PSU under the Ministry of Petroleum & Natural Gas (MoPNG). The corporation operates two large refineries of the country located in Kochi and Mumbai. The company is India's 2nd largest downstream oil company and is ranked 275th on the Fortune list of the world's biggest corporations as of 2019. BPCL ranked 672 in the Forbes 2018 list. The PSU is set to be disinvested in the current financial year.

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