September 16, 2009 / 4:10 AM / 10 years ago

Three BP India marketing staff quit -industry sources

NEW DELHI, Sept 16 (Reuters) - BP Plc (BP.L) has lost three staff from its five-person marketing desk in India through resignations to join other energy companies and the major is seeking to replace them, two industry sources said.

Karunakaran, a 10-year veteran, left earlier this month to join Cairn Energy (CNE.L); V. Srikanth quit to join Galana Energy, also after 10 years; while Rohit Lahoti has resigned after two years with BP, the sources said.

The desk deals with marketing, supply and business development matters in India.

Asked about the resignations, Anshul Mathur, BP India spokesman said: “As a matter of policy, we don’t comment on individuals or personnel matters.”

But a BP official who declined to be identified said the three had left for “better opportunities outside BP”.

“We are scouting for people internally or externally,” he added.

Their moves come as the energy and commodities sector is seeing an upswing in hirings and job switching, signalling the industry is on a recovery path after a phase of uncertainty that had frozen companies’ expansion plans in the wake of the recession. [ID:nSP377504] [ID:nSIN11189] [ID:nSIN477561]

Banks such as JPMorgan Chase & Co (JPM.N) and Bank of America Merrill Lynch (BAC.N) have been on a hiring spree, while at least 10 senior oil and commodities trading executives have either left high-profile posts or switched to other firms in the past two months. [ID:nSP480379]

Private Indian refiners are also expanding overseas. Essar Oil ESRO.BO may set up a trading desk in Singapore to help export fuel from its refinery that has been expanded by a third, as it vies with Reliance for Asian market share. [ID:nDEL442090] (Reporting by Nidhi Verma, Luke Pachymuthu and Yaw Yan Chong in SINGAPORE, Tom Bergin in LONDON; Writing by Ramthan Hussain; Editing by Clarence Fernandez)

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