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Cairn India CEO Rahul Dhir to step down

Staff writer | Gurgaon, India | August 9, 2012
Rahul DhirAugust 9, 2012, Gurgaon, India - Cairn India, an oil and gas company, announced that Rahul Dhir has decided to step down as managing director and chief executive officer, effective August 31, 2012.
Mr. Dhir joined Cairn India in May 2006 as the Chief Executive Officer and was appointed the Managing Director on 22 August 2006. He has more than 25 years of experience in the Oil and Gas industry covering technology, finance and business leadership.

Prior to joining Cairn India, Mr. Dhir was the Co-Head of Energy and Power Investment Banking at Merrill Lynch in London, where he set up the leading banking franchise in London providing strategic and financing advice to major energy clients in Europe, Middle East and Africa. He joined Merrill Lynch from Morgan Stanley in London where he focussed on providing Mergers & Acquisitions and financing advice to energy clients in Europe.

Following his MBA from Wharton in 1994, Mr. Dhir joined the Mergers & Acquisitions team at SBC Warburg in New York and London. He holds a Bachelor of Technology Degree from the Indian Institute of Technology, Delhi; a Master of Science from the University of Texas at Austin; and a MBA from the Wharton School of the University of Pennsylvania.

The company also announced that it has appointed P. Elango, Director, Strategy and Business Services, and a member of the Executive Committee, as the Interim CEO.

Mr. Elango is an experienced oil and gas veteran has been with Cairn for more than 15 years and has worked alongside Mr. Dhir for the past six years. He is involved in both commercial and asset management functions and he holds an MBA from the Annamalai University of Tamil Nadu.