Current Affairs   »   Appointments Current Affairs 2022   »   Nayara Energy appoints Prasad K Panicker...

Nayara Energy appoints Prasad K Panicker as chairman

Nayara Energy announced Prasad K Panicker as the new Chairman of the company. Prasad K Panicker is the Director and Head of the Refinery, and he will be replacing Charles Anthony Fountain who served for five years. The tenure of the new chairman of Nayara Energy will start on 3rd October 2022. Under the guidance of the former Chairman Charles Anthony Fountain, the company reached some of the greatest achievements and he has improved the level of performance and financial performance of the company.

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Key Points Nayara Energy’s New Chairman

  • Prasad K Panicker will be the new Chairman of Nayara Energy; he will lead the company with his years of experience in the local Indian market.
  • The new chairman Prasad K Panicker will also continue to be the Head of Refinery to support Nayara Energy’s development program.
  • Nayara Energy will focus more on the implementation of its cutting-edge asset development program to transform itself into an integrated petrochemical producer.

About Nayara Energy

Nayara Energy is a petrochemical company of an international level with a strong presence across the hydrocarbon value chain from refining to retail. The company was acquired by international investors in 2017, by Rosneft and an investment consortium comprising global commodity trading firm, Trafigura and UCP Investment Group.

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