The government has appointed Vikas Kaushal as the Chairman and Managing Director of Hindustan Petroleum Corporation (HPCL) for five years.
He has also served as the Managing Director & Country Head for for five years.
The proposal for Kaushal’s appointment to the top post was made by the Ministry of Petroleum & Natural Gas (MoPNG).
“The Appointments Committee of the Cabinet has approved the proposal of the Ministry of Petroleum & Natural Gas for the appointment of Vikas Kaushal (DOB-17.09.1971), in relaxation of the eligibility criteria, to the post of CMD HPCL,” a government order said.
Kaushal’s pay scale will be ₹2,00,000-3,70,000 (IDA) for a period of five years with effect from the date of his assumption of charge of the post, or until further orders, whichever is earlier, it added.
Twice elected to Kearney’s Global Board of Directors, he completed two full terms (maximum allowed in Kearney’s board structure). He also served as Chair of the Finance, Audit and Governance Committees.
Kearney, earlier known as A.T. Kearney, founded in 1926 is a global management and advisory consulting firm having global annual revenue of $1.6 billion.
Kaushal was appointed, making him the only Indian to be considered competent for Kearney’s Global Board selection.
Former Global Leader for Energy and Process Industries at Kearney, serving all major global oil & gas.
