Convenience and fuel retailer BP named Hina Nagarajan, managing director and CEO of beverage company United Spirits Limited; and Satish Pai, managing director of aluminum and copper manufacturer Hindalco Industries, to its board of directors earlier this month, according to the company’s recent 20-F financial report.
Nagarajan has held her current position with United Spirits Limited since July 2021. She joined its parent company, Diageo, in August 2018, first as managing director of Africa emerging markets before being named CEO-designate for Diageo India. Prior to joining Diageo, she held several leadership positions over the course of 30 years in the fast-moving consumer goods industry.
“Hina has a proven record in business transformation and development in complex emerging markets,” BP said in its report. “In particular, she brings deep and wide-ranging experience in customer-focused FMCG businesses, an area of increasing strategic importance for BP.”
Pai has been managing director of Hindalco Industries since 2016, as well as CEO of its aluminum business since 2013. Prior to joining Hindalco Industries, he held various engineering and management roles with oilfield services company Schlumberger for 28 years.
“Satish is an accomplished and transformative executive with broad experience in operations and technology management in both resources and energy industries,” BP said. “The board will also benefit from his strong digital capability and experience.”
BP said in its report that it underwent an “external evaluation” in 2021 and a year later implemented changes to “further improve board processes and how we work.” This includes doing more to capitalize on opportunities presented by its bioenergy, convenience, EV charging, renewables and hydrogen “growth engines,” according to the report.
Two of BP’s most notable moves from last year, its $4.1 billion acquisition of Archaea Energy and $1.3 billion purchase of TravelCenters of America, fall under these buckets.
London-based BP has a variety of retail models across the U.S., including company-owned retail stores, strategic partnerships, brand licensing, wholesale, business-to-business, dealer-owned and franchise-owned locations. Besides its own branded stores and those of the Thorntons arm, BP’s mobility and convenience brands in the U.S. include Amoco and Ampm. Its acquisition of TravelCenters of America is expected to close by mid-2023.
