Varadarajan replaces Singh at BPCL

Vol 17, PW 4 (19 Sep 13) News in Brief

Bharat Petroleum will get a new chairman and managing director on September 30 when director finance S.

Varadarajan replaces RK Singh who retires. Varadarajan was selected by the Public Enterprise Selection Board on February 26 but awaits approval by the cabinet appointments committee, expected by September 30.

Varadarajan, 57, is a chartered and cost accountant who joined BPCL in December 1983 and has worked in finance, planning, and strategy. For three years he oversaw retail sales for BPCL’s south India market.

Colleagues describe him as a capable and polite team player. “He is methodical,” says a BPCL source.

“His most important advantage is having worked in the retail business.” Vardarajan must put his finance background to good use, helping BPCL find money to maintain its present market position and grow by investing in new projects against a weakening rupee.

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