Bharat Petroleum Corporation Ltd. has informed that the Board at the meeting held on April 26, 2017 has approved the proposal of appointment of Shri K. Sivakumar as Additional Director & Director (Finance), for a period of five years with effect from the date of his assumption of charge of the post on or after May 1, 2017, or till the date of his superannuation or until further orders, whichever is earliest. On his appointment as Director (Finance), he will be acting as Chief Financial Officer of the Company. Shri K. Sivakumar is a qualified Chartered Accountant, Cost Accountant & Company Secretary. He joined Bharat Petroleum Corporation Ltd. in the year 1987 and has worked in various facets of Finance, Internal Audit, ERP, Secretarial functions. He was part of the organization restructuring effort CUSECS and was a key member in formulation of IT strategy and also has played a pivotal role in SAP Implementation. He has contributed significantly in the Governance, Risk and Control aspects of various processes across the Corporation. He is not related to any of the Directors of the Company. Shri P. Balasubramanian, Director(Finance) will be superannuating from the services of the Company on April 30, 2017.