Mr Dinesh K. Sarraf has taken over as the CEO and Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC. Mr Sarraf, 54, was Director (Finance) of ONGC before being selected to head the company tasked with acquisition of oil and gas properties overseas.
ONGC, in a filing to the stock exchanges, said Mr Sarraf has resigned from the post of Director (Finance) after being appointed at OVL's top job. He relinquished his charge today. The post of OVL MD fell vacant when Mr R.S. Butola became the IOC Chairman earlier this year.