Gulf Petrochem Group announced last week that its Board of Directors has appointed Rakesh Mehra as strategic advisor for the group, effective immediately
Rakesh Mehra held a number of executive positions prior to the appointment, most notably as Executive Director at Bharat Petroleum Corporation Ltd. He also served as a board member of Matrix Bharat, a joint venture of Bharat Petroleum and Matrix Marine of Germany.
With over 35 years experience in the oil industry encompassing refinery operations, marketing, inbound and outbound logistics, bio-fuels, international trading and commodity risk management, Mehra will oversee Gulf Petrochem Group’s strategic expansion plans while improving profitability along with the group’s global brand.
In his previous role, Rakesh Mehra oversaw the import of roughly 28m tons of crude oil for Bharat Petroleum’s group of refineries. This also included the export of all petroleum products, commodity hedging across international markets and independent shipping chartering.
“Rakesh Mehra brings with him a wealth of experience as witnessed by his accomplishments at Bharat Petroleum. His appointment is a strategic complement to our group, ensuring our global expansion plans and global reputation remain to the highest standards along with looking at ways to continue our development for us to realise our long-term objectives as a group,” said Mr. Manan Goel, Group Director at Gulf Petrochem.
Speaking of his appointment, Rakesh Mehra, Strategic Advisor at Gulf Petrochem Group said, “I have witnessed the group’s exponential growth from afar, and when the opportunity arose to join the group and develop the US$2.5bn business further, it was a challenge that I could not turn down. With a truly global presence across its businesss units consisting of bunkering, trading, refining, shipping and storage, the group is extremely well positioned to cope with the current market dynamics and prosper into the future.
This appointment follows the news of Thangapandian S’ move to Essar Oil, UK.