Mumbai-headquartered privately held Indian oil refinery, Nayara Energy, stated in a press release dated 10th September 2022 that Mr. Prasad K. Panicker will be taking over as the company’s Chairman from 3rd October 2022.
As per the company, Nayara Energy’s future plans include becoming an integrated petrochemical producer. Mr. Panicker will continue his role as Head of the Refinery even after assuming his duties as Chairman. Prior to joining Nayara Energy in 2020, Mr. Panicker served Bharat Petroleum Corporation Ltd. as an Executive Director, Cochin Area.
Mr. Panicker will be replacing Mr. Charles Anthony Fountain, who has held the apex position in the company since last five years.