Conoil Plc has announced the appointment of Hardeep Kheterpal, as its Acting Managing Director and a board member.
The Nigerian petroleum marketing company made Kheterpal’s appointment disclosure in a notification to its shareholders, stakeholders and the general public.
In the notification, Conoil said the appointment made by the board is subject to further ratification by shareholders at the next General Meeting.·
Kheterpal is an accomplished professional in diverse sectors of the economy including FMCG, Telecoms, Consumer Durables and Organized Retail among others. He brings with him over 26 years of strong and decisive executive leadership experience at the
highest levels.
Kheterpal has a background in complex and challenging environments with proven ability to represent the company with customers and business partners. Strong business acumen with skills to remain on the cutting edge; drive new business through conceptualising strategies, augmenting & streamlining networks.
Prior to his appointment as the acting Managing Director of Conoil Plc, Kheterpal was a Management Trainee at Kilburn Reprographics Ltd, from 1992 to 1994. He was the Assistant Manager of Godrej from 1994 to 1996. Marketing Head of Whirlpool of India Ltd from 1996 to 1997. He became a Branch Sales Manager of the same company from 1997 to 1999. From 1999, he was the Business Manager of Whirlpool of India Ltd to 2000. From 2000, Kheterpal resumed the role of a Senior Business Manager to 2003.
Kheterpal then moved from Whirlpool of India Ltd to Electrolux where he served as the company’s General Manager for a year. He then moved to Tata Teleservices Ltd in 2004 as a Cluster Head. In 2006, he became the company’s Operations Head and in 2008, he was promoted to be the company’s Chief Operating Officer. In 2011, Kheterpal resumed the role of NPDL’s Chief Operating Officer and in 2013, he became the Head Media Marketing of Hindustan Times. In 2014, he joined Direct Channel as Head of Sales and in 2016, Kheterpal became the company’s National Business Head.
Conoil Plc had released its financial statements for the year ended June 30, 2018.
The company’s revenue in the period under review stood at N54.4 billion compared to N44.9 billion in 2017. Profit before tax was N809 million compared to N627 million in 2017. Profit after tax was N550 million compared to N427 million in 2017.
About Conoil Plc
Conoil Plc is a Nigerian petroleum marketing company involved in the sale of regulated gasoline and kerosene, diesel, aviation fuel and low pour fuel.
Other business activities of the firm include production and marketing of lubricants under the brand name Quatro. The company was previously known as National Oil and Chemical Marketing Plc until it was acquired by Conpetro in 2002.
