New Delhi: State-run oil marketing major Hindustan Petroleum Corporation Limited (HPCL) has appointed K Vinod as its new Chief Financial Officer (CFO), effective June 1. The appointment comes following the superannuation of Rajneesh Narang from the services of the corporation.
Vinod, who was earlier serving as Executive Director (Corporate Finance) and also handling the additional charge of the Treasury function, has formally assumed charge of the CFO position with immediate effect.
Experienced Finance Leader Takes Charge
A seasoned finance professional and Chartered Accountant, K Vinod brings over 30 years of extensive experience in financial and commercial operations within HPCL. During his long career with the company, he has held several senior leadership roles across key business areas.
His expertise spans multiple domains including:
- Refinery finance
- Corporate strategy and planning
- International trade operations
- Oil price risk management
- Integrated margin management
- SBU commercial operations
- Corporate finance and treasury
- Pricing strategy
Over the years, Vinod has played a significant role in strengthening HPCL’s financial systems and supporting its business expansion through strategic financial planning and execution.
Previous Tenure as CFO
This is not K Vinod’s first time serving in the top finance role at HPCL. He previously held the position of CFO from September 11, 2024, to March 26, 2025, showcasing his prior experience in leading the company’s financial operations at the highest level.
His reappointment reflects the company’s confidence in his leadership and financial expertise.
Responsibilities as CFO
As Chief Financial Officer, K Vinod will oversee critical financial functions including:
- Financial strategy and planning
- Treasury and liquidity management
- Capital allocation decisions
- Regulatory and compliance oversight
- Financial risk management
HPCL stated that the appointment aligns with its focus on financial excellence, disciplined capital management, and long-term value creation.
About HPCL
Hindustan Petroleum Corporation Limited (HPCL) is a Maharatna public sector undertaking and one of India’s leading oil refining and marketing companies. It operates across the petroleum value chain, including refining, distribution, and fuel marketing, playing a key role in meeting the country’s energy needs.
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