Arun Kumar Singh appointed as new Chairman and MD of ONGC

8 Dec 2022 , 08:17 AM

Arun Kumar Singh, a former executive of BPCL, has been appointed the new chairman and managing director of Oil and Natural Gas Corp. (ONGC).

Following a formal order of appointment on Wednesday, Singh took over. Since Shashi Shanker stepped down as chairman in March 2021, ONGC has been without a permanent leader. According to a formal decision that also reorganized the ONGC board, Singh was appointed for a three-year term.

The present director (onshore) and director (offshore) jobs will combine into one new post of director beginning in March (production). There will be a new director role for strategy and corporate affairs.

Based on the recommendations of a search-cum-selection committee made up of former Indian oil chairman B Ashok, oil secretary Pankaj Jain, and PESB chairperson Mallika Srinivasan, Singh was appointed as well as amendments were made to the board.

Singh, a mechanical engineer with a degree from NIT Patna, has worked in the oil and gas sector for more than 35 years. Before taking the helm as chairman in 2021, he served in a number of capacities at BPCL. The first former PSU executive to lead ONGC is Singh.

He takes over at a time when the global energy market is going through an unprecedented crisis and more people are calling for the country to become energy independent.

Singh will need to present a fresh vision for the business and inspire it to set more ambitious objectives.

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