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Three BP India marketing staff quit: sources

Three BP India marketing staff quit: sources
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First Published: Wed, Sep 16 2009. 04 43 PM IST
Updated: Wed, Sep 16 2009. 04 43 PM IST
New Delhi: BP Plc has lost three staff from its five-person marketing desk in India through resignations to join other energy companies and the major is seeking to replace them, two industry sources said.
Karunakaran, a 10-year veteran, left earlier this month to join Cairn Energy; V. Srikanth quit to join Galana Energy, also after 10 years; while Rohit Lahoti has resigned after two years with BP, the sources said.
Trade sources said that Lahoti is joining European trader Glencore, but he declined to comment when contacted. The desk deals with marketing, supply and business development matters in India.
Asked about the resignations, Anshul Mathur, BP India spokesman said: “As a matter of policy, we don’t comment on individuals or personnel matters.”
But a BP official who declined to be identified said the three had left for “better opportunities outside BP”. “We are scouting for people internally or externally,” he added.
Their moves come as the energy and commodities sector is seeing an upswing in hirings and job switching, signalling the industry is on a recovery path after a phase of uncertainty that had frozen companies’ expansion plans in the wake of the recession.
Banks such as JPMorgan, Chase & Co,,Bank of America, and Merrill Lynch have been on a hiring spree, while at least 10 senior oil and commodities trading executives have either left high-profile posts or switched to other firms in the past two months.
Private Indian refiners are also expanding overseas. Essar Oil may set up a trading desk in Singapore to help export fuel from its refinery that has been expanded by a third, as it vies with Reliance for Asian market share.
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First Published: Wed, Sep 16 2009. 04 43 PM IST