ONGC Announces Devendra Kumar As New CFO

The Oil and Natural Gas Corporation (ONGC) has declared the appointment of Devendra Kumar as its new CFO with immediate effect.

What Happened: The Maharatna company’s Board of Directors confirmed the appointment on Thursday, June 20. Kumar has been an ONGC employee since February 1991.

Kumar, an IIM Ahmedabad management postgraduate and an electrical engineer, brings over 33 years of experience in various finance and accounts roles. He has spent around 15 years with ONGC Videsh Ltd and has worked in various capacities in both onshore and offshore units of ONGC, including overseas deputation.

See Also: Indian Tech Startups Beat Chinese Counterparts In Funding Rounds In First 6 Months Of 2024, Says Tracxn

His expertise lies in business development, mergers and acquisitions, strategy and policy, capital budgeting, risk, investment analysis, treasury, audit and assurance, international business, and joint ventures. Before this appointment, he was the chief of corporate finance, responsible for commercial, treasury, accounts, taxation, budget, project appraisal, and financial administration.

Read Next: Fertiliser Stocks Surge Upto 20% As Government Hikes MSP For Kharif Crops

Engineered by Benzinga Neuro, Edited by Utkarsh Roshan

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesNewsManagementMarketsONGC