The Public Enterprises Selection Board (PESB) has recommended D K SARRAF for the post of Chairman & Managing Director, ONGC Limited.
The following persons were interviewed in the selection meeting:
S/Shri
1. SHASHI SHANKER, DIR (T&FS), ONGC
2. D K SARRAF, MD, OVL
3. R MOHAN DAS, DIR (P&IR), CIL
4. ASHWANI LOHANI, CME, MOR
Mr. D.K. Sarraf (54) holds a graduate degree in Commerce from the prestigious Shri Ram College of Commerce, Delhi University and holds a post graduate degree in Commerce from the same University. He is an associate member of the Institute of Cost and Works Accountants of India and the Institute of Company Secretaries of India.
Mr. Sarraf has experience of almost three decades in the oil and gas industry, having started his oil and gas career in India’s second largest upstream oil company – Oil India Limited and worked there till 1991 where he inculcated the experience in various facets of E&P at oil field level. He joined ONGC in 1991 and handled various key assignments at corporate offices. These included, restructuring ONGC from a statutory commission into a commercial corporation, including its financial restructuring and valuation. This led to partial divestment of ONGC by the Government of Indiain tranches where he played a major role. His services were seconded by ONGC to the Oil Coordination Committee of MoP&NG for studying the petroleum pricing system in the country which resulted in partial deregulation of prices. He also worked as Chief, Commercial of ONGC.
Mr. Sarraf earlier worked in ONGC Videsh Limited as Director (Finance) during February 2005 to December 2007. During this period, ONGC Videsh made significant acquisitions in Syria, Brazil, Colombia, Venezuela, Cuba, Egypt and Myanmar. Mr. Sarraf played key roles in negotiation and conclusion of these transactions. During this period, the Company saw significant increase in its activities, production, revenue and profits. In December 2007, he joined ONGCas Director (Finance).In recognition of his achievements, he was given the Best CFO Award in Oil & Gas sector in Indiaby CNBC in 2009 and 2011. Mr. Sarraf has assumed the charge of Managing Director and CEO of ONGC Videsh in September, 2011
The following persons were interviewed in the selection meeting:
S/Shri
1. SHASHI SHANKER, DIR (T&FS), ONGC
2. D K SARRAF, MD, OVL
3. R MOHAN DAS, DIR (P&IR), CIL
4. ASHWANI LOHANI, CME, MOR
Mr. Sarraf has experience of almost three decades in the oil and gas industry, having started his oil and gas career in India’s second largest upstream oil company – Oil India Limited and worked there till 1991 where he inculcated the experience in various facets of E&P at oil field level. He joined ONGC in 1991 and handled various key assignments at corporate offices. These included, restructuring ONGC from a statutory commission into a commercial corporation, including its financial restructuring and valuation. This led to partial divestment of ONGC by the Government of Indiain tranches where he played a major role. His services were seconded by ONGC to the Oil Coordination Committee of MoP&NG for studying the petroleum pricing system in the country which resulted in partial deregulation of prices. He also worked as Chief, Commercial of ONGC.
Mr. Sarraf earlier worked in ONGC Videsh Limited as Director (Finance) during February 2005 to December 2007. During this period, ONGC Videsh made significant acquisitions in Syria, Brazil, Colombia, Venezuela, Cuba, Egypt and Myanmar. Mr. Sarraf played key roles in negotiation and conclusion of these transactions. During this period, the Company saw significant increase in its activities, production, revenue and profits. In December 2007, he joined ONGCas Director (Finance).In recognition of his achievements, he was given the Best CFO Award in Oil & Gas sector in Indiaby CNBC in 2009 and 2011. Mr. Sarraf has assumed the charge of Managing Director and CEO of ONGC Videsh in September, 2011
