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Essar announces management change

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Tanks and Terminals,


The Board of Essar Oil UK Ltd has announced the appointment of Stein Ivar Bye as Chief Executive Officer. Stein will be based at the company’s Stanlow Manufacturing Complex in Ellesmere Port, Cheshire, UK. He brings with him over 28 years of experience in the oil and energy sector, having worked across Europe, Africa, the Middle East and Asia.

Stein graduated from the Norwegian University of Science and Technology (NTNU) and has an MBA in Business Strategy and Management from BI Norwegian Business School. He has previously spent 25 years with ExxonMobil and was latterly Chief Operating Officer at Swedish fuel company Preem.

Stein is an experienced executive leader with a track record in refinery operations, and has broad experience in supply and trading, strategy and planning and business development.

Prashant Ruia, Non-Executive Chairman at Essar Oil UK, said: “As an organisation, our sights are firmly set on transforming our UK business, ensuring its growth and long term sustainability as we transition towards a low carbon energy economy and deliver the energy solutions of the future for Britain. Stein will be pivotal in meeting this challenge and fulfilling this ambition.”

Stein said: “I am honoured to be selected as CEO for Essar Oil UK and excited to be part of Essar’s transformational journey.

Society’s demand for efficient and sustainable energy solutions is an inspiring challenge and will require creativity and perseverance. With the collective competency and commitment of the Essar organisation, and strong stakeholder engagement, I am confident Essar Oil UK will be a part of the solution for the future.”

Read the article online at: https://www.tanksterminals.com/special-reports/21102020/essar-announces-management-change/

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