Hindustan Petroleum Corporation Limited (HPCL), a prominent Government of India Enterprise, has announced the promotion of several senior management members to the position of Executive Directors (EDs), effective from April 1, 2025. These promotions, which bring a total of 12 senior employees to the Executive Director level, are part of the company's efforts to strengthen its leadership team and align with SEBI's Listing Obligations and Disclosure Requirements.

These new Executive Directors will now be positioned just one level below the Board of Directors, overseeing key functions and divisions across HPCL. These strategic changes reflect the company's commitment to enhancing leadership capabilities and promoting internal talent in line with its growth and business goals.

List of Promoted Executive Directors

The following senior management members have been promoted to Executive Directors (ED) positions within HPCL:

1. Ramanathan – Executive Director (1/C) - Visakh Refinery

2. Ramakrishnan Sharma – Executive Director - HSE (Health, Safety, Environment)

3. Dharmendra Kumar Pidaparthy – Executive Director (1/C) - HSE

4. Srinivasa Murty Subramanian – Executive Director - Supplies, Operations, and Distribution

5. Zade Vilas – Executive Director - Human Resources

6. Sanjay Varghese – Executive Director (Finance) - PP&AC (Planning, Performance & Analysis Control)

7. Mohit Dhawan – Chief Executive Officer - HPRGE (Hindustan Petroleum Renewable Gas Energy)

8. Muralikrishna Venkata – Executive Director - Non-fuel Business

9. Mitra Amit – Executive Assistant to the Chairman & Managing Director

10. Taori Amol Babula – Executive Director - International Trade

11. Malkan Rajiv Arun – Executive Director - Finance (Marketing)

12. Krishnan Ramesh – Executive Director - Operations & Commissioning

These promotions align with HPCL’s strategy to enhance its leadership strength and ensure seamless operations across its diverse business segments, including refining, supply chain management, human resources, and international trade.

Key Skills and Background of Promoted Executives

Each of the newly promoted Executive Directors brings a wealth of experience in their respective fields. The professionals come from varied backgrounds such as Chemical Engineering, Business Administration, Cost Accounting, Finance, and Mechanical Engineering, which reflects HPCL’s approach to diversify leadership expertise across business functions.

For example:

• Ramanathan, with a background in Chemical Engineering, has been instrumental in overseeing operations at the Visakh Refinery.

• Ramakrishnan Sharma, with an Executive MBA and a background in Instrumentation Engineering, will continue to lead efforts in Health, Safety, and Environment.

• Srinivasa Murty Subramanian, with his Mechanical Engineering expertise, will drive operations in the supplies and distribution domains.

These promotions are seen as a direct result of the company’s internal leadership development programs and its ability to adapt to the challenges of a rapidly changing energy market.

Strategic Importance of the Promotions

HPCL’s decision to elevate these executives also reflects its vision to streamline management and bolster corporate governance practices. The new leadership structure is expected to enhance decision-making processes, improve operational efficiency, and ensure that HPCL is well-positioned to capitalize on emerging opportunities in the energy sector.

Conclusion

In conclusion, Hindustan Petroleum Corporation Limited (HPCL)'s promotion of senior management to Executive Directors represents a key strategic move as it continues to strengthen its leadership team. The promoted executives, with their diverse expertise and industry experience, will play a crucial role in shaping the future of the company, particularly as HPCL pursues its goals of expanding its market presence, innovating in the renewable energy sector, and improving corporate governance practices.

These changes align with HPCL's mission to provide energy solutions that cater to India's growing demand while reinforcing its commitment to excellence in operations and sustainability.

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