Mumbai: Essar Oil (UK) Ltd, a leading downstream energy company, has appointed Tony Fountain, Managing Partner at Essar Energy Transition, as a Non-Executive Board Director, effective Monday (April 17, 2023).
The appointment of this industry veteran has come when Essar is delivering on its investment plans of transitioning to amongst the first low-carbon refineries globally.
Fountain will support the delivery of Essar Energy Transition’s (EET) plans to lead the UK energy shift with an investment of USD 3.6 billion in developing a range of low-carbon energy transition projects over the next five years, of which USD 2.4 billion will be invested at the Essar site in Ellesmere Port, between Liverpool and Manchester, the company said in a statement on Tuesday.
He will chair the Health, Safety, Security, and Environment (HSSE) Committee of the Board and be a member of the Audit, Risk, and Remuneration, Diversity, and Nomination Committees.
Welcoming Fountain, Prashant Ruia, Non-Executive Chairman of Essar, said the veteran brings over 40 years of operational, regulatory, and executive experience that will enhance Essar’s business at this vital stage of transition. “We are committed to leading the energy transition and Tony’s appointment will play a crucial role in achieving this ambition.”
(VP)