Lanka IOC appoints new Chairman, Directors

LANKA IOC PLC (LIOC) yesterday announced the appointment of Anuj Jain as Chairman of the Board. The company also appointed Saumitra P. Srivastava and Rajesh Singh as Non-Executive Directors.

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In a stock exchange filing LIOC said Jain is presently on the Board of Indian Oil Corporation Ltd., a Fortune 500 Indian oil and gas major, as the Director (Finance), and is the CFO of the company He is a Chartered Accountant and also holds master’s in Business Finance from The Institute of Chartered Accountants of India.

As the Director (Finance) and CFO, he is leading the whole gamut of Finance and Information Technology functions in IndianOil which includes, finance and accounts, treasury and fund management, international trade, supply chain optimisation, pricing, shipping finance, information technology, corporate affairs, corporate law, direct taxation and indirect taxation. As the Director (Finance), he is also playing key role in various Board Committees of IndianOil dealing with critical aspects such as sourcing of crude oil and LNG, risk management, CSR, stakeholder relationship, etc.