Subhash Kumar Director- Finance, ONGC gets additional charge of CMD
New Delhi: Shri Subhash Kumar, Director-Finance of Oil and Natural Gas Corporation Limited get the additional charge of the Chairman and Managing Director of the company on Thursday, March 31, 2021.
In 2018 Subhash Kumar has taken charge as Director (Finance), ONGC. Prior to joining as Director (Finance), ONGC, Mr. Kumar served a brief stint with Petronet LNG Limited where he joined as Director (Finance) in August 2017.
Sources said, the delay in process of getting a CMD for ONGC has been due to the fact that the Public Enterprises Selection Board (PESB), which is assigned with the task of selecting a CMD, is yet to get its own vacancies filled to discharge its duties.
Mr. Kumar joined ONGC in 1985 as Finance & Accounts Officer (F&AO). After initially working in Jammu and Dehradun, he had a long stint at ONGC Videsh, the overseas arm of ONGC. During his tenure with ONGC Videsh, Mr. Kumar was associated with key acquisitions and expansion of the company's footprint from a single asset company in 2001 into a company with a global presence in 17 countries with 37 assets. He played a key role in the evaluation and acquisition of many Assets abroad by ONGC Videsh.
He also worked as Head Business Development, Finance & Budget, and also as Head Treasury Planning & Portfolio Management Group at ONGC Videsh from April 2010 to March 2015. Kumar joined back ONGC as Chief Commercial & Head Treasury of ONGC in July 2016 where he played a key role in evaluation, negotiation, and concluding outstanding issues pertaining to the organization.
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