Satish Kumar Vadugiri assumed the role of chairman at Indian Oil Corporation (IOC) on Sunday. He succeeds SM Vaidya, who resigned from the post on Saturday. In addition to his existing role as Director (Marketing). With an impressive tenure of over 35 years in the petroleum industry, Mr. Kumar’s expertise and forward-thinking vision will steer IndianOil towards greater innovation and growth, reinforcing its position as a global energy leader. “During his tenure, record volumes of LPG Imports were handled by IPPL, which helped the country in meeting the increase in the LPG demand under the Govt. of India’s ambitious PMUY Scheme,” according to a statement by IOC.