Essar appoints Stein Ivar Bye as Chief Executive Officer

The Board of Essar Oil UK Ltd is pleased to announce the appointment of Stein Ivar Bye, as Chief Executive Officer.

Stein Ivar Bye will be based at the company’s Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. He brings with him over 28 years’ experience in the Oil and Energy sector, working internationally across Europe, Africa, the Middle East and Asia.

Stein, who graduated from the Norwegian University of Science and Technology (NTNU) and has an MBA in Business Strategy and Management from BI Norwegian Business School, previously spent 25 years with ExxonMobil and was latterly Chief Operating Officer at Sweden’s largest fuel company, Preem.

Stein is an experienced executive leader in multicultural and international environments and has an impressive track record in refinery operations, coupled with broad experience in supply and trading, strategy and planning and business development.

Prashant Ruia, Non-Executive Chairman, Essar Oil UK said: “As an organisation, our sights are firmly set on transforming our UK business, ensuring its growth and long term sustainability as we transition towards a low carbon energy economy and deliver the energy solutions of the future for Britain. Stein will be pivotal in meeting this challenge and fulfilling this ambition.”

Stein continued: "Society’s demand for efficient and sustainable energy solutions is an inspiring challenge and will require creativity and perseverance. With the collective competency and commitment of the Essar organisation, and strong stakeholder engagement, I am confident Essar Oil UK will be a part of the solution for the future.”