Arvindar Singh Sahney will be the new chairman of Indian Oil Corporation, the nation's largest oil firm, according to an order issued by the petroleum ministry on Wednesday( 13 November 2024).

• Sahney, 54, is currently Executive Director (Business Development - Petrochemicals), Indian Oil Corporation Ltd (IOC).
• He was in August selected to be the company's director for business development but has now been appointed as the chairman of the firm.
• A three-member search-cum-selection-committee in mid-August interviewed about a dozen candidates for the top job at IOC.
• Later vigilance profiles of four internal candidates - Arvind Kumar (Director, Refinery, IOC), Sahney, Sanjay Parasher (ED, Marketing, IOC) and Saumitra Srivastava (ED, Marketing and head of Maharashtra region, IOC) - were sought.