OREANDA-NEWS. October 6, 2011. Mr. Makarand Nene has been appointed as the Director (Marketing) of oil major Indian Oil Corporation (IOC), with immediate effect. He succeeds Mr. G.C. Daga, who superannuated in September 2011.

Mr. Nene has also been appointed Chairman of IOC’s subsidiary – Lanka IOC (LIOC) in Sri Lanka, IOC’s joint venture companies - IndianOil Petronas Pvt. Ltd. (IPPL) and IndianOil Skytanking Ltd. (IOSL) respectively.

Prior to his appointment as Director (Marketing), Mr. Nene was Executive Director (Supplies) at IOC’s Marketing headquarters in Mumbai.

A mechanical engineer, Mr. Nene has over 33 years experience in the downstream petroleum business. Joining IOC in 1978, he held several key portfolios and handled varied assignments in core business functions such as LPG, Supply & Distribution (S&D), Operations, Shipping, Commercial etc. He was also responsible for supplies of all petroleum products to the neighbouring state of Nepal.

As head of Operations and S&D, Mr. Nene piloted the introduction of Euro-III and Euro-IV green fuels through IOC’s countrywide marketing network, which despite complex logistics was executed ahead of schedule. He was also instrumental in rationalizing the Corporation’s supply & distribution zones, paving the way for IOC to emerge as the least-cost supplier in the industry.

Widely travelled, Mr. Nene has presented several papers in both domestic and international forums on diverse topics related to downstream business and management.