Subhash Kumar assumes additional charge as ONGC chairman and managing director

Subhash Kumar, the finance chief at ONGC NSE 2.15 %, has taken additional charge of the Chairman and managing director at the company.

Kumar replaces Shashi Shanker who retired on Wednesday. Kumar, a cost accountant by training, has taken up various roles in the oil and gas industry in the last 36 years. During his stint with ONGC Videsh, the overseas arm of the state-run explorer, he played a key role in the evaluation and acquisition of many overseas assets, the company said in a statement.