NEW DELHI: Great Eastern Energy Corp Ltd (GEECL) announced the appointment of Prashant Modi as its new Managing Director and Chief Executive Officer.
Modi was President and Chief Operating Officer of the company which produces natural gas from coal seams (coal bed methane or CBM) in West Bengal.
He takes over the new role from his father, Yogendra Kumar Modi, who was the Chairman and CEO of the company.
Senior Modi "will now be the Executive Chairman of the company," GEECL said in a statement.
Prashant Modi was appointed to "the Board of GEECL as the Managing Director and Chief Executive Officer of the company with effect from September 22, 2015," it said.
Rana Talwar, independent director and Chairman of the Nomination and Remuneration committee of GEECL said: "We are delighted to announce Prashant's appointment which bears testimony to the hard work, commitment and achievements in driving through operational excellence within Great Eastern Energy Corporation."
GEECL produces CBM from Raniganj (South) licence area, which covers 210 square kilometers, with 2.62 trillion cubic feet of inplace gas reserves.
Its second asset is the Mannargudi licence situated in Tamil Nadu, which covers an area of 667 sq km and 0.98 Tcf gas-in-Place.