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Nayara Energy Appoints Prasad K Panicker As Chairman

In his current role, Panicker served as the Director and Head of Refinery

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Nayara Energy on Saturday announced the appointment of Prasad K Panicker as the company's chairman, effective October 3, 2022. In his current role, Panicker served as the Director and Head of Refinery.

Panicker will take over this new responsibility from Charles Anthony (Tony) Fountain. "His (Fountain) 5 years of dedicated service have been landmarked by significant improvements in the level of performance and financial position of the company," Nayara said in a press statement.

"In his new role, Panicker will deploy his outstanding technological experience and excellent knowledge of the local Indian market to lead Nayara Energy through a new set of strategic priorities with a strong focus on development projects," the statement added.

Nayara has significantly expanded and focused its CSR (Corporate Social Responsibility) role with a commitment to ensure that the communities in which it operates develop and grow alongside it.

 "At the new stage of its growth journey, Nayara Energy would focus on the implementation of its cutting-edge asset development programme to transform itself into an integrated petrochemical producer while continuing thoughtful implementation of its ESG initiatives, with strong impact on employees and local community well-being and environmental sustainability," the press statement read.

Panicker will also continue with his critical leadership role as Head of Refinery.

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Nayara Energy