Nishi Vasudeva to head HPCL
Nishi Vasudeva will become the first woman to head an oil company in India when she takes over the reins of Hindustan Petroleum Corporation Limited (HPCL), the third largest refiner and fuel retailer in the country after Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL).
The Public Enterprises Selection Board chose Vasudeva from among seven candidates.
Vasudeva, who is currently the marketing director of the company, will succeed Subir Roy Choudhury when he retires as chairman and managing director in February 2014. Her confirmation process is expected to take several months.
An MBA from the Indian Institute of Management – Kolkata, Vasudeva began her career with state engineering consultancy firm Engineers India Ltd.
She has some 36 years of experience in the industry. Before becoming the marketing director, Vasudeva looked after the company’s cooking gas sales and headed Bhagyanagar Gas, the joint venture with gas utility GAIL for providing CNG service in Andhra Pradesh.