Oil refining major Bharat Petroleum Corporation Ltd has appointed S. Varadarajan as its new Chairman and Managing Director.

Varadarajan, who was serving as Director (Finance), formally took over the Chairman’s office today.

He has succeeded R.K. Singh, who was instrumental in ramping up the oil and gas exploration business.

Varadarajan is a member of the Institute of Chartered Accountants of India and a member of the Institute of Cost and Works Accountants of India.

Prior to his appointment as Director (Finance), he was Executive Director (Corporate Finance) and was responsible for overall Treasury Management, Risk Management, Corporate Accounts, Taxation and Budgeting.

>rahul.wadke@thehindu.co.in