Dev Sanyal

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Dev Sanyal
Born
New Delhi
Alma materThe Fletcher School of Law and Diplomacy, Tufts University
OccupationsCEO, VARO Energy
TermJanuary 2022 —

Dev Sanyal 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

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Dev Sanyal was born in New Delhi, India, and grew up in Darjeeling.[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

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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, bioenergies, hydrogen and gas – and led the company's energy transition.[14][15][16][17]

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

On January 1, 2022, Dev Sanyal was appointed CEO of VARO Energy.[23] The ONE VARO Transformation strategy, which he unveiled in July 2022, is centred on conventional and sustainable energies and commits to spending two-thirds of capital in sustainable energies to deliver a trebling of earnings by 2026.[24][25][26] On March 31, 2025, he announced the acquisition of the Swedish energy company Preem AB. The transaction, which is subject to regulatory approvals, will create a $100 billion revenue company with six manufacturing hubs across 33 countries, focusing on both conventional and sustainable energy. On completion, the combined company will have a refining capacity of 530,000 barrels per day and will become the second-largest renewables producer in Europe, and among the top five globally.[27]

Memberships

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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

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