Shrikant Vaidya to be the next chairman of IOC

MUMBAI: Shrikant Madhav Vaidya is slated to be the new chairman of state-run Indian Oil Corporation, after marathon interviews held by the Public Enterprise Selection Board on Thursday.

Vaidya is currently director finance at IOC. He would be taking over from the current Chairman Sanjiv Singh, who will retire from the position in June 2020.

Others interviewed for the post were Director Finance Sandeep Kumar Gupta, Director Human Resources Ranjan Kumar Mohapatra, Director Research Development SSV Ramakumar, Executive Director Rahul Bhardwaj, according to the minutes of the PSEB meeting.


Vaidya, aged 56, according to IOC website, has three decades of experience in all the facets of refinery and petrochemicals operations, which includes the commissioning of the largest Cracker Plant in India viz. Panipat Naphtha Cracker Complex. He is also a Director on the board of Chennai Petroleum Corporation (a subsidiary of IOC) and Ratnagiri Refinery & Petrochemicals (a joint venture company).