Indian Oil Corporation Limited informed that Shri Sandeep Kumar Gupta, Director (Finance) has ceased to be Director (Finance) of the Company with effect from 3 October 2022 (Afternoon) consequent upon his appointment as Chairman & Managing Director (CMD) on the Board of GAIL (India) Limited. It is further informed that, Shri Sanjay Kaushal has been appointed as Chief Financial Officer (CFO) of the Company with effect from 3 October 2022 (Afternoon). Shri Sanjay Kaushal is a Fellow Member of Institute of Cost Accountant of India and Institute of Company Secretaries of India.

He is also a law graduate and Certified Financial Analyst. Presently, he is heading the Corporate Affairs and Taxation Department of IndianOil and holding the position of Executive Director (Corporate Affairs & Taxation). He has worked in various locations of IndianOil like Mathura Refinery, Barauni Refinery, Refinery Head office and Corporate office.