IOC Announces Retirement of 4 Top Executives
New Delhi: Indian Oil Corporation Limited (IOC), India's largest oil refining and fuel marketing company, has announced the superannuation of four senior management personnel with effect from May 31, 2026.
The disclosure was made to the National Stock Exchange (NSE) and BSE Limited on June 1, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
According to the filing, the following senior executives, positioned one level below the Board of Directors, have retired from the services of the company upon attaining the age of superannuation:
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Mr. Kurumaddali Sailendra – Country Head (LPG Business), Marketing Head Office
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Mr. Jagdeep Kumar Rana – Executive Director, Northern Region Office
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Mr. Gur Prasad – Executive Director & State Head, Maharashtra State Office
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Mr. Rajiv Kacker – Executive Director In-Charge (Vigilance), Corporate Office
The company stated that the retirements became effective on May 31, 2026, and the disclosure was made as part of its regulatory compliance obligations.
The announcement reflects a significant transition within IndianOil's senior leadership structure, as the retiring executives held key positions across marketing, regional operations, state administration, and corporate vigilance functions.
The communication was signed by Kamal Kumar Gwalani, Company Secretary of Indian Oil Corporation Limited, who submitted the disclosure to both stock exchanges for information and record purposes.
Indian Oil Corporation regularly updates investors and stakeholders regarding changes in its leadership and management team through regulatory filings in accordance with SEBI requirements. The latest announcement underscores the company's commitment to transparent corporate governance and timely disclosure practices.
Investors and market participants will be closely watching future leadership appointments and succession planning initiatives as IndianOil continues to execute its strategic growth and energy transition objectives.