Oil India Limited has announced the appointment of Rupam Barua as its new Chief Financial Officer (CFO), effective July 1, 2024, following the retirements of Harish Madhav and Manas Kumar Sharma.
Rupam Barua, who has been with Oil India Limited since October 1991, has been named the new CFO of the Maharatna Central Public Sector Enterprise (CPSE) under the Indian government. The company’s board of directors made this announcement during a meeting on Friday, June 28, 2024.
Barua will take on the role of CFO on July 1, 2024, after serving as Executive Director of Finance & Accounts since July 1, 2023. With extensive experience in the oil and gas industry, Barua is well-prepared to lead the financial operations of the company.
During the same meeting, the board also announced the retirements of Manas Kumar Sharma, Director of Exploration and Development, and Harish Madhav, Director of Finance and current CFO. Both will step down from their roles on July 1, 2024.
