Maroo replaces Nayyar as Essar Energy CEO

  • HT Correspondent, Hindustan Times, New Delhi
  • |
  • Updated: Aug 29, 2013 22:22 IST

London-listed and India-focussed Essar Energy on Thursday announced the appointment of Sushil Maroo as chief executive officer in place of  Naresh Nayyar, who was largely instrumental in shaping of the company.

Nayyar, who decided to step down after more than three years at the helm, had led Essar Energy’s much-talked about $350-million acquisition of UK’s Stanlow refinery. He will, however, be appointed as a member of the Essar Corporate Centre, an oversight advisory committee.

Nayyar will, however, be appointed as a member of the Essar Corporate Centre, an oversight advisory committee.

Maroo most recently served as a deputy managing director and was earlier on the board of Jindal Steel and Power Ltd.
 
Company chairman Prashant Ruia said Maroo has a strong track record of business operations and providing strategic and financial advice across a number of industries.

 

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