Hindustan Oil Exploration Company Limited has announced a leadership shift in its finance leadership, with the board noting the resignation of Chief Financial Officer N Sivalai Senthilnathan, effective March 28, 2026, for personal reasons. In a move aimed at ensuring a seamless transition, the board, guided by the Nomination and Remuneration Committee and Audit Committee, appointed Allen Joseph Andrade as the new Chief Financial Officer, with effect from April 1, 2026. Andrade brings more than four decades of international experience in finance and governance across the oil and gas sector, banking, FMCG, and entertainment, and is expected to steer HOEC’s financial strategy and stakeholder engagement during a pivotal growth phase.
The appointment coincides with a broader refresh of the company’s governance framework. The board reconstituted its subcommittees as of April 1, 2026, adjusting roles and membership to align with the Companies Act, 2013 and SEBI Listing Regulations. Notable changes include the Corporate Social Responsibility Committee and the Risk Management Committee, with leadership and member rosters including Pronip Kumar Borthakur as Chairman, and directors such as Ashok Kumar Goel, Baroruchi Mishra, Krishnan Raghavan, and G. Janakiraman taking seats across the panels. The realignment underscores HOEC’s emphasis on robust governance as it advances its strategic agenda.
Allen Joseph Andrade’s extensive background is highlighted in the company’s briefing materials. A Fellow Chartered Accountant with more than 40 years of leadership across multiple sectors, Andrade has held senior finance roles including VP/CFO for BG (Shell Upstream) in India, where he steered financial strategy, tax optimization, and JV governance in high-stakes partnerships. His resume also features operational transformation and stakeholder engagement across global platforms, positioning him to guide HOEC’s financial architecture, regulatory compliance, and strategic investments as the company navigates growth and market dynamics.