Dev Sanyal is Chief Executive Officer of VARO Energy Group AG, based in Zug, Switzerland. He was appointed to this role effective 1 January 2022. In July 2022, the company announced the ONE VARO Transformation Strategy accelerated by “Engine 1” focussed on Conventional Energies and “Engine 2” focussed on Sustainable Energies, with a commitment to investing two-thirds of capital in Engine 2 businesses and a trebling of earnings for the Group in the next 5 years. VARO will also be Net Zero in Scope 1, 2 and 3 emissions by 2040.
Prior to this, Dev had a 32-year career with BP plc including over a decade as a member of the group executive committee and headed gas and low carbon energy globally. Prior to this, he was chief executive, alternative energy and also accountable for BP’s Europe and Asia regions. During his tenure, he built world scale businesses in sustainable energy – solar, offshore wind, onshore wind, hydrogen and gas and power - and led the pivot in the company’s energy transition strategy.
Dev joined BP in 1989 and held a variety of international roles in London, Athens, Istanbul, Vienna and Dubai. Prior to joining the Group Executive Committee, he held the roles of group treasurer and chairman of BP Investment Management and Arco Aluminium, chief executive, Air BP International and chief executive, BP Eastern Mediterranean.
Dev is an independent non-executive director on the board of M&G plc; a member of the energy advisory board of the Government of India; the advisory board of the Centre for European Reform; and the board of overseers of The Fletcher School of Law and Diplomacy, Tufts University, where he obtained a master’s degree in economics and politics. He is a Fellow of the Energy Institute.
Dev was an independent non-executive director on the board of Man Group plc (2013-2022); a member of the Accenture Global Energy Board (2012-2018); Vice Chairman, Centre for China in the World Economy, Tsinghua University (2014-2019); The Duke of Edinburgh’s International Award Foundation Business Leaders Group (2012-2015); and Trustee of the Career Academy Foundation (2007-2013).
