Hindustan Oil Exploration MD steps down; Baroruchi Mishra named as successor
Published on 25/02/2026 02:38 PM
Hindustan Oil Exploration MD steps down; Baroruchi Mishra named as successorHindustan Oil Exploration Company Limited announces Ramasamy Jeevanandam's resignation as Managing Director, with Baroruchi Mishra set to take over as Managing Director and CEO from April 1, 2026.By Gareema Bangad February 25, 2026, 2:38:05 PM IST (Published)2 Min ReadHindustan Oil Exploration Company Limited (HOEC) on Wednesday, February 25, announced a change in its top leadership, with Managing Director Ramasamy Jeevanandam stepping down and Baroruchi Mishra set to take over as Managing Director & CEO.
In a stock exchange filing, the company said Ramasamy Jeevanandam will resign as Managing Director with effect from the close of business hours on March 31, 2026.
The company said the resignation is due to health issues and other personal reasons. Appreciating Jeevanandam's leadership and contributions during his tenure, the company noted that he has served HOEC for over 11 years, more than eight of which were as the Executive Director and CFO and the last two years as Managing Director.
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Following his resignation, the board has approved the appointment of Baroruchi Mishra as Managing Director & CEO for a term of three consecutive years, effective April 1, 2026, subject to shareholder approval. The company clarified that Mishra’s appointment has been recommended by the Nomination and Remuneration Committee.
In the interim, the Board has also approved a change in Mishra’s designation to Non-Executive Non-Independent Director, starting February 25, 2026, following his relinquishment of independent status. This change is also subject to shareholder approval.
Baroruchi Mishra, 58, brings over 35 years of experience in the oil & gas and new energy sectors. He currently serves as Partner and Group CEO of NET Enterprise Group, which provides EPC, EPCM, digitalisation and engineering services across global energy projects.
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According to HOEC, he was also shortlisted by the Public Enterprise Selection Board in 2022 for the position of Chairman and Managing Director of ONGC.
Shares of the company were trading 0.43% up at ₹133.27 as of 2.15 pm. The stock has declined 30.85% in the past year.Continue ReadingTagsCEOHindustan Oil Exploration CompanyLeadershipmanaging directorshare market today