Essar Energy appoints CEO

Naresh K. Nayyar has been appointed as chief executive officer (CEO) of Essar Energy Holdings Ltd., a subsidiary of Essar Global Ltd., and Managing Director of Essar Oil Ltd. (EOL). At Essar Energy Holdings, Nayyar will be responsible for all operations and projects of the hydrocarbon business, both in India and internationally, a company press release said. A chartered accountant and an alumnus of the Indian Institute of Management, Ahmedabad, Nayyar has the reputation of combining excellent financial and strategic management skills. He joined Indian Oil Corporation in 1970 and became a director in October 2002, after having handled several key assignments in finance, treasury, international trade and business strategy. (October 15, 2007)