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PRIVACY
Economic Development

Essar Oil appoints new CEO for the second time this year

Mark Wilson left the firm in June after less than six months in the role

Stein Ivar Bye, the new CEO at Essar Oil º£½ÇÊÓÆµ

Essar Oil has announced the appointment of the former boss of Sweden's largest fuel firm as its new CEO.

Stein Ivar Bye will become boss of the firm owning and operating the Stanlow Refinery in the North West, leaving behind his job as chief operating officer at Scandinavian crude oil giant Preem.

Mr Bye is the second new CEO to take charge at Essar since the start of the year. In January, it was announced that ex-BP boss Mark Wilson had replaced Srinivasalu Thangapandian.

Essar said on Monday that Mr Wilson left in June under a "mutual agreement" with the firm after less than six months in the role.

Mr Bye will be based at the firm's Stanlow Manufacturing Complex - where 16% of the º£½ÇÊÓÆµ's road transport fuels are produced.

Mr Bye said: “I am honoured to be selected as CEO for Essar Oil º£½ÇÊÓÆµ 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.

The Stanlow oil refinery in Cheshire, close to Ellesmere Port(Image: Publicity picture)

"With the collective competency and commitment of the Essar organisation, and strong stakeholder engagement, I am confident Essar Oil º£½ÇÊÓÆµ will be a part of the solution for the future.”

Essar said Mr Bye was an "experienced executive leader in multicultural and international environments" with an impressive track record in refinery operations, coupled with "broad experience in supply and trading, strategy and planning and business development".