Dev Sanyal

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Dev Sanyal
Born (1965-09-04) 4 September 1965 (age 58)
New Delhi
Alma materThe Fletcher School of Law and Diplomacy, Tufts University
Occupation(s)CEO, VARO Energy
TermJanuary 2022 —

Dev Sanyal (born 4 September 1965) is the Chief Executive Officer of VARO Energy, a diversified energy company headquartered in Zug, Switzerland (since 1 January 2022). Prior to this, he had a 32-year global career with BP plc.[1][2]

Early life and education[edit]

Dev Sanyal was born in New Delhi, India and grew up in Darjeeling according to Bloomberg.[3] His father, K.S.B. Sanyal, was the Chairman of the Andrew Yule Group.[4][5]

Dev Sanyal studied at St. Paul’s School, Darjeeling[6] and St. Stephen’s College, Delhi.[7] He graduated from The Fletcher School of Law and Diplomacy at Tufts University with a Master’s degree in Politics and Economics.[8][9] Dev Sanyal is currently a member of the Board of Overseers of the school.[10]

Career[edit]

Dev Sanyal serves as the Chief Executive Officer of VARO Energy Group. Until 31 December 2021, he had a 32-year career with BP plc including over a decade on the group executive committee. He headed gas and low carbon energy globally.[2] Prior to this, he was chief executive, alternative energy and also accountable for BP’s Europe and Asia regions.[11][12][13] During his tenure, Dev Sanyal built businesses in sustainable energy – solar, offshore wind, onshore wind, hydrogen and gas, – and led the company’s energy transition.[14][15][16][17]

From 1999 to 2002,[18] Dev Sanyal was CEO of BP Eastern Mediterranean and from 2003 to 2007, Dev Sanyal served as the CEO of Air BP International.[19] From 2007 to 2011, he was also Group Treasurer and Chair of BP Investment Management. Dev Sanyal was appointed Executive Vice President in 2011.[20][19][9][21][22] 

On January 1, 2022, Dev Sanyal was appointed CEO of VARO Energy.[23]  The ONE VARO Transformation strategy, which was unveiled in July 2022, is centred on conventional and sustainable energies and commits to spending two-thirds of capital in sustainable energies.[24][25][26] VARO plans to be net zero by 2040.[27] 

Memberships[edit]

Dev Sanyal is an independent non-executive director on the board of M&G plc since May 2022.[28] He was an independent non-executive director of Man Group plc (2013–2022).[29][30] He is a member of the advisory board of the Centre for European Reform and a Fellow of the Energy Institute.[31][32]

Prior to this, he was a member of the energy advisory board of the Government of India (2017–2023);[33] Accenture Global Energy Board (2012-2018);[34] Global Council of the International Crisis Group (2012–2020); Vice Chairman, Centre for China in the World Economy, Tsinghua University (2014–2019);[35] The Duke of Edinburgh’s International Award Foundation Business Leaders Group (2012–2015);[36] and Trustee of Career Ready (2007–2013).[37]

References[edit]

  1. ^ www.ETHRWorld.com. "BP's renewables boss Sanyal quits in surprise departure - ETHRWorld". ETHRWorld.com. Retrieved 25 October 2022.
  2. ^ a b "BP's renewables boss Dev Sanyal quits in surprise departure". Moneycontrol. Retrieved 25 October 2022.
  3. ^ Hurst, Laura (20 May 2021). "BP Starts Offshore Wind Recruitment Push as Green Ambitions Grow". www.bloomberg.com. Retrieved 25 October 2022.
  4. ^ Bhattacharya, A. K. (7 February 2006). "A K Bhattacharya: The rise of PSU chairmen". Business Standard India. Retrieved 25 October 2022.
  5. ^ "BP-Vorstand Sanyal zu Erneuerbaren Energien: "Wir können nicht etwas aufbauen, das unseren Investoren keine Rendite bringt"". www.handelsblatt.com (in German). Retrieved 25 October 2022.
  6. ^ "Old Paulites". St. Paul's School Darjeeling. Retrieved 25 October 2022.
  7. ^ "Creating the next chapter in India's energy story | News and insights | Home". bp global. Retrieved 25 October 2022.
  8. ^ "Dev Sanyal". CERAWeek. Retrieved 25 October 2022.
  9. ^ a b "VARO Energy announces appointment of Dev Sanyal as CEO | Carlyle". www.carlyle.com. Retrieved 25 October 2022.
  10. ^ "Speaker Details: 2022 Energy Intelligence Forum". www.energyintelligenceforum.com. Retrieved 25 October 2022.
  11. ^ "BP returns to solar with investment in Lightsource". Reuters. 15 December 2017. Retrieved 25 October 2022.
  12. ^ "BP's joint solar venture Lightsource BP to more than double expansion by 2025". the Guardian. 20 September 2021. Retrieved 25 October 2022.
  13. ^ "Big Oil's green makeover". Washington Post. ISSN 0190-8286. Retrieved 25 October 2022.
  14. ^ Hurst, Laura; Andy, Hoffman (14 September 2021). "BP Appoints New Head of Low-Carbon Business Amid Clean Energy Shift". www.bloomberg.com. Retrieved 25 October 2022.
  15. ^ "Oil refiner Varo aims to stop selling carbon products by 2040". Financial Times. 5 July 2022. Retrieved 25 October 2022.
  16. ^ "There is a Huge Appetite for Alternatives: BP's Dev Sanyal". www.bloomberg.com. 14 January 2021. Retrieved 25 October 2022.
  17. ^ Hurs, Laura; Mathis, Will (15 September 2020). "BP's Clean Energy Push Starts With Five-Year Dash on Solar, Wind". www.bloomberg.com. Retrieved 25 October 2022.
  18. ^ 李齐. "BP a trusted, valuable partner of China". www.chinadaily.com.cn. Retrieved 16 December 2022.
  19. ^ a b "Dev Sanyal, EVP gas & low carbon energy, to leave bp | News and insights | Home". bp global. Retrieved 25 October 2022.
  20. ^ Thang, Elizabeth; Lim, Donavan; Puette, Loren (14 September 2022). "Used cooking oil: Is it the new liquid gold?". www.spglobal.com. Retrieved 25 October 2022.
  21. ^ "Fig Leaf or Force for Good? IOCs and the energy transition". www.hks.harvard.edu. Retrieved 25 October 2022.
  22. ^ Denton, Vicky (15 September 2021). "Dev Sanyal leaving bp to lead energy transition at VARO Energy". F&L Asia. Retrieved 25 October 2022.
  23. ^ "Speaker Details: 2022 Energy Intelligence Forum". www.energyintelligenceforum.com. Retrieved 25 October 2022.
  24. ^ "Varo to Stop Making Diesel From Crude in Effort to Cut Emissions". news.bloomberglaw.com. Retrieved 25 October 2022.
  25. ^ "VARO announces new ambitious ESG strategy". Hydrocarbon Engineering. 28 July 2022. Retrieved 25 October 2022.
  26. ^ Edwards, Rowena (5 July 2022). "Varo Energy sets low carbon strategy, net-zero goals". Reuters. Retrieved 25 October 2022.
  27. ^ "Oil refiner Varo aims to stop selling carbon products by 2040". Financial Times. 5 July 2022. Retrieved 25 October 2022.
  28. ^ "M&G plc appoints Non-Executive Director". www.mandgplc.com. Retrieved 9 November 2022.
  29. ^ "Oil exec Dev Sanyal moves to M&G board from Man". fintel.io. Retrieved 9 November 2022.
  30. ^ "Dev Sanyal new director at Man Group | Careers | POST Online Media". www.poandpo.com. Retrieved 9 November 2022.
  31. ^ "Advisory board". Centre for European Reform. Retrieved 9 November 2022.
  32. ^ "Speaker Details: 2022 Energy Intelligence Forum". www.energyintelligenceforum.com. Retrieved 9 November 2022.
  33. ^ "CERAWeek by S&P Global | The World's Premier Energy Event". CERAWeek. Retrieved 9 November 2022.
  34. ^ MarketScreener. "Dev Sanyal - Biography". www.marketscreener.com. Retrieved 9 November 2022.
  35. ^ "Swedbank Energy Summit 2022". www.swedbankenergysummit2022.com. Retrieved 9 November 2022.
  36. ^ "EXECUTIVE CHANGES: Oil exec Dev Sanyal moves to M&G board from Man". MorningstarUK. 2 December 2021. Retrieved 9 November 2022.
  37. ^ "Ep99: Dev Sanyal "In the Engine Room of the Transition"". Cleaning Up. Leadership in an age of climate change. Retrieved 16 December 2022.
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