Indian Oil Corporation Announces Change in Senior-Level Executive

New Delhi, Jan 05:  Indian Oil Corporation Limited (IOCL), one of India’s largest integrated energy companies, has announced a key change in its senior management. Shri S.G. Venkatesh, who previously served as Executive Director (Petrochemicals) in IOCL’s Business Development Group, has stepped down from his role as senior management personnel effective January 5, 2026.

This transition follows Shri Venkatesh’s appointment as Director (Technical) on the Board of Chennai Petroleum Corporation Limited (CPCL), a subsidiary of IOCL. The move marks a significant step in his career, giving him broader responsibility for technical leadership at CPCL, which plays a vital role in refining and petrochemical operations under the IOCL group.

Indian Oil’s Company Secretary, Kamal Kumar Gwalani, confirmed that this leadership change has been formally notified to the stock exchanges under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The change reflects IOCL’s ongoing efforts to strengthen governance and technical expertise across its subsidiaries.

Shri Venkatesh’s extensive experience in petrochemical operations, business development, and strategic planning positions him to drive CPCL’s operational efficiency and technological growth. Indian Oil continues to maintain strong oversight and support across its group companies while empowering leadership in subsidiaries to execute growth and innovation plans.