essar energy plc (ESSR:London)

Executive Profile*

Background*

Mr. Naresh Kumar Nayyar, CA, serves as the Chief Executive Officer of Essar Energy Holdings Ltd., and Essar Energy Plc. Mr. Nayyar served as the Chief Executive Officer and Managing Director of Essar Oil Ltd., since October 15, 2007. Mr. Nayyar joined Essar Oil in October 2007. He has over 33 years of experience in the oil & gas industry globally. Mr. Nayyar served as the Chief Executive Officer of ONGC Videsh Limited from July 2005 to August 2007. He served as a Director ... of Planning & Business Development of Indian Oil Corp. Ltd. from October 2002 to November 2005, where he worked since 1975. He joined Essar Energy from ONGC Mittal Energy, a joint venture between ONGC and Mittal Investments, where he was responsible for steering the growth through mergers and acquisitions and in a short span of one year. He served as the Chief Executive Officer of ONGC Mittal Energy Ltd. from November 2005 to September 2007. Mr. Nayyar served as the Chairman of Indian Oil Panipat Power Consortium Ltd. and Lanka IOC Pvt Ltd. from October 2002 to November 2005. He served as the Chairman of the Board of the IndianOil Marubeni Panipat Power Project from March 2003 to November 2005. Mr. Nayyar has handled International trade & treasury, planning and monitoring crude oil imports for Indian public sector refineries, besides overseeing foreign exchange management plan for oil imports. He remained associated for formulating country's oil supply and security plans along with Governmental authorities. He serves as a Director of Essar Group., Essar Energy Plc, Essar Oil Ltd., IndianOil Panipat Power Corporation Ltd. He serves as a Director of Essar Power Limited. Mr. Nayyar served as Independent Non Executive Director of Petronet Lng Ltd. until November 2005. Mr. Nayyar served as a Director of Oil and Natural Gas Corp. Ltd. since March 12, 2003. Mr. Nayyar served as a Director of Indian Oil Corp. Ltd. from October 2002 to October 26, 2005. He served as an Executive Director in charge of International Trade and Treasury of IOC. Mr. Nayyar served as Non Independent Director of IBP Co. Ltd. until November 9, 2005. He served as a Director of Oil & Natural Gas Corporation Limited. He received many international awards for Indian Oil, including "Best Petroleum Trading Company" in the Asia Pacific region for 2001 and Euroweek award for "Best Public Sector Loan" in Asia for 1997. Mr. Nayyar, an alumni of Indian Institute of Management, Ahmadabad and a Fellow member of the Institute of Chartered Accountants of India, has attended Advance Financial Management programme in Oil and Gas from University of Texas, Dallas, (USA). He is a member of ICAI.

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ESSR:LN	146.00 GBp	-3.00

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