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Mumbai, NFAPost: The Board of Essar Oil UK Ltd announced the appointment of Stein Ivar Bye as Chief Executive Officer.

Stein Ivar Bye will be based at the company’s Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. He brings with him over 28 years’ experience in the Oil and Energy sector, working internationally across Europe, Africa, the Middle East and Asia.

Graduated from the Norwegian University of Science and Technology (NTNU) and has an MBA in Business Strategy and Management from BI Norwegian Business School,Stein Ivar Bye previously spent 25 years with ExxonMobil and was latterly Chief Operating Officer at Sweden’s largest fuel company Preem.

Stein Ivar Bye is an experienced executive leader in multicultural and international environments and has an impressive track record in refinery operations, coupled with broad experience in supply and trading, strategy and planning and business development.

Commenting on his appointment, Essar Oil UK Non-Executive Chairman Prashant Ruia said as an organisation, Essar sights are firmly set on transforming its UK business, ensuring its growth and long term sustainability as the company transition towards a low carbon energy economy .

“Essar can deliver the energy solutions of the future for Britain. Stein Ivar Bye will be pivotal in meeting this challenge and fulfilling this ambition,” said Essar Oil UK Non-Executive Chairman Prashant Ruia

Expressing happiness over the appointment, Stein Ivar Bye said he is honoured to be selected as CEO for Essar Oil UK and excited to be part of Essar’s transformational journey.

“Society’s demand for efficient and sustainable energy solutions is an inspiring challenge and will require creativity and perseverance. With the collective competency and commitment of the Essar organisation, and strong stakeholder engagement, I am confident Essar Oil UK will be a part of the solution for the future,” said Stein Ivar Bye.

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