Page 18 - Plastics News April 2021

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Subhash Kumar assumes additional charge of the post of CMD, ONGC

irector (Finance) Mr Subhash Kumar has assumed the He is an alumni of Panjab University, Chandigarh, from
Dadditional charge of the post of Chairman and Managing where he obtained his Bachelor’s and Master’s degrees in
Director (CMD) of Oil and Natural Gas Corporation Limited Commerce with Gold Medal.
(ONGC) on 1 April 2021 at New Delhi vide order dated 30
March 2021 issued by the Ministry of Petroleum & Natural
Gas. Mr Kumar assumed the said charge consequent upon EPac Flexible Packaging to open
the superannuation of Mr Shashi Shanker on 31 March second Canadian facility
2021. Mr Kumar is an industry veteran with over 36 years
of experience in diverse activities across the Exploration
& Production (E&P) value chain. He joined ONGC in 1985 S-based packaging firm
as a Finance and Accounts Officer and served in different UePac Flexible Packaging
capacities. After growing up along the hierarchy in ONGC, has announced plans to open
he had a long stint at ONGC Videsh, the overseas arm of its second facility in Canada.
ONGC. During his tenure with ONGC Videsh, Mr Kumar The facility will be located in
was associated with key acquisitions and expansion of Mississauga, Ontario, and is due
company's footprint. He played a key role in evaluation to open in June. It has started
and acquisition of many overseas assets. He had worked accepting orders, which will be
as Head Business Development, Finance and Budget and fulfilled by ePac Vancouver until
also as Head Treasury Planning and Portfolio Management the facility is operational. ePac has not revealed the
Group at ONGC Videsh from April 2010 to March 2015. He financial details of its investment into the facility. ePac
served as the Chief Financial Officer of Mansarovar Energy Canadian operation managing partner George Boustani
Colombia Limited, a 50:50 joint venture of ONGC Videsh said: “We opened ePac Vancouver in December 2019,
and Sinopec of China, from September 2006 to March 2010. and realised the same rapid growth we’ve seen in other
ePac locations around the world. “Our value proposition
of 5-15 day turnarounds and low minimums resonates
well with the Canadian market, and we’re excited to
bring our community-based focus to Toronto.” The
company has appointed Hila Frish to serve as general
manager of the facility. The facility will be ePac’s
19th plant in total. The firm currently has facilities in
the US, Canada, Europe and Indonesia. ePac CEO Jack
Knott said: “In each market, we see a similar dynamic
unfold. Small and medium-sized businesses are growing
at double digits, and our partnerships with them can
and do help accelerate their growth.” ePac provides
short and medium run length pouches and rollstock.
Mr Kumar joined back ONGC as the Chief Commercial and Its first Canadian manufacturing facility opened in
Head Treasury in July 2016, where he played a key role 2016. In January, the company expanded its network
in evaluation, negotiation, and concluding outstanding into the Asia Pacific region by adding a new location
issues pertaining to the organization. During 2017, Mr in Seoul, South Korea, through a partnership between
Kumar served a brief stint with Petronet LNG Limited as its ePac Holdings, ePac Holdings Asia and South Korea-
Director (Finance). Mr Kumar a Fellow Member of Institute based CC Labs.
of Cost Accountants of India and Associate Member of ICSI.

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