Arvindar Singh Sahney Appointed as New Chairman of Indian Oil Corporation
| Summary/Static | Details |
|---|---|
| Why in the news? | Arvindar Singh Sahney has been appointed as the new chairman of Indian Oil Corporation (IOC) |
| Announcement | Issued by Petroleum Ministry on 13th November, 2024 |
| Current Role | Executive Director (Business Development - Petrochemicals) |
| Selection Process | Initially chosen as Director for Business Development in August 2024 and later elevated to chairman |
| ACC Approval | Appointed for five years or until superannuation/further orders |
| Interim Chairman | Satish Kumar Vaduguri (Director, Marketing) |
| Predecessor | Shrikant Madhav Vaidya (tenure ended August 31, 2024) |
| Non-Board Background | Sahney is the second IOC chairman without board experience (first was B Ashok in 2014) |
| Company Status | Fortune 500 oil and gas firm |