ONGC Limited announced the appointment of Pomila Jaspal as Director (Finance) and Chief Financial Officer of the company, with effect from April 19, 2022.
According to the company’s exchange filing, “It is hereby informed that Board of Directors in its meeting held today, i.e. 19.04.2022, has approved the appointment of Mrs. Pomila Jaspal (DIN: 08436633) as Director (Finance) and Chief Financial officer of the Company with immediate effect.”
Pomila Jaspal is a Fellow Member and Gold Medalist of the Institute of Cost Accountants of India. She has obtained B.Com. (Hons.) degree from MCM DAV College, Chandigarh and M.Com from Punjab University. She has 36 years’ experience across varied segments of oil & gas Industry encompassing operating, regulatory and policy aspects of upstream and downstream industry.
Prior to joining as the Director (Finance)-ONGC, Jaspal was serving as Director (Finance) since October 2019 in Mangalore Refinery and Petrochemicals Ltd (MRPL) – Schedule ‘A’ CPSE and subsidiary of ONGC. She was the First ever woman Functional Director on the Board of MRPL. She was instrumental in the merger of OMPL with MRPL, paving the way for synergy and integration benefits for the ONGC Group.
Jaspal Joined ONGC in 1985 as Finance & Accounts Officer and rose to the position of Executive Director-Chief Corporate Finance where she handled varied assignments including Corporate Finance functions such as Direct tax, Indirect tax, Investor relations, Corporate Budget & Project Appraisal etc.
During her tenure in ONGC, she handled responsibilities in diversified roles at Corporate Office, Dehradun, Mumbai, Assam and ONGC Videsh. She was the First Lady to become Head Finance of Assam Asset and handled this challenging assignment for 4 years. She also has the rich exposure of working in ONGC Videsh Ltd where she handled finance of various assets like Sakhalin, South Sudan, Kazakhstan, and Colombia etc. and steered smooth buyout of Azerbaijan Asset.
Jaspal also worked at Directorate General of Hydrocarbons (DGH)-regulatory arm of MOP&NG, in its formative years. She has also served as Director on the Board of ONGC Mangalore Petrochemicals Limited (OMPL), Petronet Mangalore Hassan Bangalore Limited (PMHBL) and ONGC Petro additions Limited (OPaL).
The Oil and Natural Gas Corporation is an Indian government-owned-oil and gas explorer and producer. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India.
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