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HindustanTimes Wed,30 Jul 2014

Maroo replaces Nayyar as Essar Energy CEO

HT Correspondent, Hindustan Times  New Delhi, August 29, 2013
First Published: 22:19 IST(29/8/2013) | Last Updated: 22:22 IST(29/8/2013)

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.

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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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