Industry News
BPCL appoints G. Krishnakumar as CMD
Bharat Petroleum Corporation Limited (BPCL) has appointed G. Krishnakumar as the Chairman and Managing Director of the company. Krishnakumar has been associated with BPCL for 36 years, leading the organisation’s customer-centric ventures into convenience retailing, premium fuels and new tech and digital initiatives in the company. "Krishnakumar has developed and nurtured winning brands like Petro Card, SmartFleet, Speed, In & Out, which have been significant contributors to BPCL’s differentiated customer value proposition in the marketplace, reinforcing the Pure for Sure customer promise," said BPCL in a press statement. "He also championed the expansion of the service dimension of the MAK brand - MAK Quik, for a quick oil change for 2- wheelers which has since been adopted by millions of customers," BPCL said adding that during his stint as head of learning and development and subsequently as Executive Director (HRD), Krishnakumar led the conceptualisation and implementation of several path-breaking initiatives to bring about a transformation in skilling and leadership development in the organisation, future-proofing BPCL in the face of the emerging challenges and the paradigm shifts in the business landscape. Krishnakumar is an electrical engineer from NIT (erstwhile Regional Engineering College), Tiruchirapalli and has done his Master's in Financial Management from Jamnalal Bajaj Institute of Management Studies, Mumbai.
Hindustan Petroleum Corporation Ltd (HPCL) has entered into an agreement with Chevron
Hindustan Petroleum Corporation Ltd (HPCL) has entered into an agreement with Chevron to manufacture, distribute, and market lubricants in India. The agreement provides for Caltex-branded lubricants to be manufactured, distributed, and marketed in India by HPCL. Chevron is a subsidiary of Chevron Corporation, and this collaboration encompasses the licensing, production, distribution, and marketing of Chevron's lubricant products under Caltex. The agreement provides for "Caltex-branded lubricants to be manufactured, distributed, and marketed in India by HPCL". HPCL already has its own brand of lubricants, and this would be in addition to the existing ones. Brandt Fish, President of Chevron International Products, stated, "We are extremely pleased to partner with HPCL to bring quality Caltex lubricants technology and performance to India. HPCL is a market leader in India, and together we plan to build on the strength of the Caltex brand and our premium product portfolio." Amit Garg, Director of Marketing of HPCL, said, "This exciting partnership paves the way to leverage HPCL's market leadership to add value via a broader, premium product offering to Indian consumers through synergies between HPCL and Chevron. The long-term comprehensive cooperation we have with Chevron is built on HPCL's success in the field of lubricant production, distribution, and marketing. We look forward to a fruitful and long-lasting journey with the Caltex brand in the Indian market."
