HPCL Names Vikas Kaushal as Chairman and Managing Director

Hindustan Petroleum Corporation Ltd (HPCL) has appointed Vikas Kaushal as its new Chairman and Managing Director, marking a significant milestone as he becomes the first private sector executive to helm a state-owned oil and gas company.

Kaushal has been instrumental in shaping India’s oil and gas sector, having advised key players such as Indian Oil Corporation, Bharat Petroleum, and GAIL. With over 30 years of experience across oil and gas, power, and renewables, he is an alumnus of IIM Ahmedabad.

Previously, he was elected twice to Kearney’s Global Board of Directors and served as Managing Director and Country Head for Kearney India for five years. Before joining HPCL, Kaushal led Kearney’s global energy and process industries division.

Meanwhile, the government continues to navigate leadership challenges in several Public Sector Units (PSUs), including IOCL and BPCL. In December 2022, former BPCL chairman Arun Singh was appointed CEO of ONGC. Additionally, efforts are underway to appoint a new CMD for BPCL, with G Krishnakumar set to retire in April this year.

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