IOC names R.S. Butola chairman

State-owned Indian Oil Corp. (IOC) has named R.S. Butola as its new chairman. Prior to joining IOC, Butola was the managing director of ONGC Videsh Ltd., an overseas investment branch of India’s Oil and Natural Gas Corp. (ONGC). Butola holds an MBA degree from the Faculty of Management Studies in Delhi and is a Certified Associate of the Indian Institute of Bankers (CAIIB). (March 1,2011)