Essar Oil Ltd has appointed Virendra Singh Jain, former Chairman of SAIL, as an independent director on the company board.
“With an experience of over three decades at the helm of public and private sector enterprises, including two Maharatnas, his wide-ranging experience and financial expertise will greatly enrich Essar Oil’s board,” Essar Oil Managing Director & CEO L.K. Gupta said.
Jain, a fellow member of the Institute of Chartered Accountants of India and the Institute of Cost Accountant of India, was SAIL Chairman as also a member of the Public Enterprises Selection Board.
“With Jain’s appointment, Essar Oil’s board strength increases to 12, including six independent directors,” the company said in a statement here.
Jain had worked with Indian Oil Corporation for 26 years before becoming Director (Finance) of SAIL and then its Chairman till his retirement in 2006.
After retirement, he served the Jindal Group as Managing Director and CEO of Jindal Stainless Ltd.