Oil India Ltd announces changes in Senior Management

Barua, who is currently serving as the executive director of finance & accounts, will assume the role of CFO from July 1, 2024.

Oil India Ltd announces changes in Senior Management

Oil India Limited, a Maharatna Central Public Sector Enterprise (CPSE), has announced the appointment of Rupam Barua as its new CFO.

The company’s board announced directors during a meeting. Barua, who is currently serving as the executive director of finance & accounts, will assume the role of CFO from July 1, 2024. Barua, a veteran in the oil and gas industry, has been with the company since October 1991.

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He holds a Master's in Business Administration with a finance specialization and brings over 32 years of experience. “Barua played a steering role in establishing the overseas project in Gabon. He gained extensive experience in the policy-making, regulatory, and finance functions during his tenure in DGH,” the company added in the filing.

In addition, the board also announced the superannuation of Harish Madhav, Director (Finance) & CFO, and Manas Kumar Sharma, Director of exploration & development). Both will cease to be directors on the board from July 1, 2024.

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