Nayara Power on Saturday introduced the appointment of Prasad Okay Panicker, the director and head of refinery, as its chairman, efficient October 3.
Panicker will succeed Charles Anthony (Tony) Fountain, whose 5 years of service have been landmarked by important enhancements within the stage of efficiency and monetary place of the corporate. Regardless of a difficult exterior atmosphere, Nayara Power stated it has developed an articulated technique for a phased enlargement into petrochemicals. The primary part of that improvement plan, the enlargement into polypropylene, might be delivered subsequent 12 months.
“I’m deeply happy with what has been achieved at Nayara, and it has been a privilege to work with the Board in attaining this. Given the much-improved place of the corporate and after 5 years, now could be the precise time at hand on to a brand new chief to work with the administration group and Board to ship the subsequent thrilling part for the corporate”, stated Fountain.
Nayara Power stated that it might deal with implementation of its cutting-edge asset improvement programme to rework itself into an built-in petrochemical producer, whereas persevering with considerate implementation of its ESG initiatives, with sturdy impression on staff and area people well-being, and environmental sustainability.
Panicker will even proceed along with his important management position as head of refinery, which is able to help arms on implementation of Nayara Power’s bold improvement programme, the corporate stated.
