STATE TIMES NEWS
JAMMU: V Satish Kumar has taken charge as Director (Marketing), Indian Oil Corporation Limited (IOCL), one of India’s largest commercial enterprises and one of the leading Indian companies in the Fortune Global 500 listings.
Prior to his ascent as Director (Marketing), the 56-year-old Kumar was the business head of Madhya Pradesh and Chhattisgarh, overseeing retail and direct sales, LPG, lube sales, operations, project management, planning, HRD, and Information Technology, the Corporation said in a release here on Thursday.
He has also been instrumental in implementing key business initiatives like Direct Benefit Transfer for LPG consumer (DBTL), Pradhan Mantri Ujjwala Yojana (PMUY), and shift to BS-VI fuel.
He brings to the board his expertise of over three decades in marketing of petroleum products across various geographies in the country.
Kumar is also currently on the Board of Beximco IOC Petroleum and Energy Ltd., a Joint Venture of IOC Middle East FZE (a wholly owned subsidiary of Indian Oil in Dubai) and Beximco, Bangladesh, to set up infrastructure for import and marketing of petroleum products in Bangladesh.
An engineering graduate, Kumar has a post graduate degree in Management from University of Ljubljana, Slovenia.
With his in-depth knowledge of the Marketing Division and widespread exposure, Kumar has represented the Corporation extensively at several international seminars and training programmes.