ONGC Appoints New CFO and Key Managerial Personnel to Bolster Leadership
Oil & Natural Gas Corporation Limited (ONGC) has announced significant leadership appointments, including the selection of Shri Anupam Agarwal as Chief Financial Officer (CFO), and the appointment of another key executive for Strategy. These decisions aim to strengthen the corporation’s financial stewardship and strategic management capabilities.The Board of Directors approved the appointment of Shri Anupam Agarwal, Director (Finance), as the Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP) of ONGC. This appointment is effective immediately, succeeding Shri Yogish Nayak S. Additionally, the Board approved the appointment of Shri Satyan Kumar, Director (Strategy & Corporate Affairs), as a Key Managerial Personnel.
Focus on Chief Financial Officer Appointment
Shri Anupam Agarwal brings over 35 years of rich experience in finance and commercial management within the oil and gas sector to his new role at ONGC. He is qualified as a Fellow Member of the Institute of Cost Accountants of India, an Associate Member of the Institute of Company Secretaries of India, and a Chartered Financial Analyst from ICFAI, Hyderabad.His career background includes joining ONGC in 1990 as a Finance & Accounts Officer. Mr Agarwal has held various finance assignments across different locations, including Baroda, Dehradun, Jorhat, Mumbai, and Delhi, gaining comprehensive experience across all finance functions at both operational and corporate levels.
In addition to his current role as Director (Finance) of ONGC, Shri Agarwal previously served as Director (Finance) of ONGCVidesh Limited since June 2022. He also held roles as Chairman of ONGC Overseas Investment Limited (OOIL) and as a Director on the Board of ONGC Videsh B.V., Amsterdam.
His past contributions at ONGC Videsh included enhancing treasury practices, restructuring overseas entities to improve governance and cost effectiveness, and helping mobilize funding exceeding US$ 3 billion through structured financing arrangements for global growth plans. Furthermore, he established ONGC Overseas Investment Limited (OOIL) at GIFT City as the Group's Global Treasury Centre.
Key aspects of Shri Agarwal’s professional background are summarized below:
| Detail | Information |
|---|---|
| Role | Chief Financial Officer (CFO), Director (Finance) |
| Effective Date | 25.06.2026 |
| Experience | Over 35 years in finance and commercial management within the oil and gas sector |
| Key Roles Held | Director (Finance) of ONGCVidesh Limited; Chairman of ONGC Overseas Investment Limited (OOIL) |
| Previous Tenure at ONGC | Joined as Finance & Accounts Officer in 1990 |
Shri Agarwal's professional contributions have been recognized through awards, including the BEST CFO Gold Award 2025 for Excellence in Finance Transformation & Innovation from ASSOCHAM and the CFO - Outstanding Performer Award at the CMA Awards 2024.
ONGC Stock Price Movement
On Thursday, shares of Oil & Natural Gas Corporation Limited slipped by 2.85% to settle at ₹233.10, as the stock shed ₹6.85 in the previous session. The company registered a substantial traded volume of 36.09 million shares during the day's activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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