After a distinguished career of 16 years with Castrol India Limited, six of which were on the Board of Directors, initially as Chief Operating Officer and subsequently as Managing Director, Mr. Ravi Kirpalani will be leaving the company to pursue other interests.
Mr. Kirpalani will step down as Managing Director with effect from 30 September 2015 but will continue as Director and Whole-time Director from 1st of October 2015 up to 31 December 2015 to ensure a robust management of change and facilitate a smooth transition. He will be succeeded by Mr. Omer Dormen, who has been with Castrol / BP for over 30 years in various positions globally and is currently Sales Director of BP Lubricants for CIS, Turkey and Central Asia. Mr. Dormen will be appointed as an Additional Director and Managing Director of Castrol India Limited with effect from 1st of October 2015, subject to obtaining all necessary approvals. The appointment has been approved by the Board of Directors of Castrol India Limited at its meeting held on 17 August 2015 and will be subject to approval of the company’s shareholders.
Commenting on his appointment, Mr. Dormen said: “I am honoured to be offered the opportunity to lead this outstanding organisation and particularly to follow Mr. Ravi Kirpalani who has been a great leader. Castrol India is an exceptional business with great people, a solid strategy and strong momentum. I look forward to working with the Board of Directors, the senior management team and all employees to build on the momentum which the business has established over the last hundred years of its presence in India.”
On behalf of the Board of Directors, Mr. S. M. Datta, Chairman, said: “We would like to thank Mr. Ravi Kirpalani for his invaluable contribution and leadership over the last sixteen years with the company. During the last six years as Director on the Board, initially as Chief Operating Officer and subsequently as Managing Director, Ravi has been instrumental in developing a profitable growth strategy which has resulted in the company delivering strong results. We wish him all the best in the next phase of his career”.