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 Ivar Bye added: “I am honoured to be selected as CEO for Essar Oil UK and excited to
be part of Essar’s transformational journey. 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.”

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