Essar Energy, a low-cost, integrated energy company, has appointed P Sampath as chief financial officer (CFO), following the decision by Gerry Bacon to leave the company at the end of September. Sampath will be based at the group’s offices in London and will report to Naresh Nayyar, chief executive officer (CEO). The appointment is effective from 1 September 2010.
Sampath has held the position of CFO of Essar Oil since August 2008. Prior to this, Sampath held a number of senior finance roles including group CFO for RPG Enterprises and managing director of GHCL. Sampath has a first-class Bachelor of Commerce degree from Madras University, is a Fellow Member of the Institute of Cost Works Accountants of India and a Fellow Member of the Institute of Company Secretaries of India.
Bacon joined Essar Energy in January 2010 to support the initial public offering (IPO) and put in place the finance organisation for the new company. He has decided to return to academia.
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