MK Surana was on 16 October 2015 appointed as the Chairman and Managing Director (CMD) of state-run oil marketer Hindustan Petroleum Corp Ltd (HPCL) with effect from April 2016. He will succeed current incumbent Nishi Vasudeva who will retire in March 2016.
Surana is currently serving as the Chief Executive Officer of Prize Petroleum Co, the oil exploration arm of HPCL. He has been executive director with HPCL since September 2012 and will get a five year term that can be extended up to his retirement age of 60 years in April 2022.
A Mechanical Engineer by profession, Surana is a refineries man and had also served as the General Manager of Projects for Vishaka Refinery of HPCL.
Surana's appointment was approved by the Public Enterprise Selection Board (PESB). The PESB interviewed 12 candidates including HPCL director PK Joshi and STC chairman Khaleel Rahim, as well as four HPCL executive directors- SP Gupta, GS Ganesh, S Jeyakrishnan and Ajit Singh for the post.
His appointment will now be examined by the Appointments Committee of the Cabinet (ACC).
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