Dev Sanyal stepping into role of VARO’s CEO



Zug, Switzerland, 3rd January, 2022 – VARO Energy Group (VARO), a leading energy company active across Europe, has announced that today Dev Sanyal is formally stepping into the role of Chief Executive Officer.

Mr. Sanyal will lead the company’s next chapter of growth, as VARO actively positions its business to capitalize on the energy transition, leveraging its trading and marketing capabilities as well as manufacturing, distribution and retail infrastructure to capture opportunities in renewable energy. These include biofuels, hydrogen and decarbonisation activities, to newly acquired e-mobility and EV charging solutions for customers as well as other initiatives.

Carlyle and Vitol, VARO’s shareholders, share this vision and ambition for VARO to be a leader in the energy transition.

With over 30 years experience in the energy sector, Mr. Sanyal is well placed to drive VARO’s vision forward, bringing with him a proven track record as a global business leader. He led bp’s Global Gas and Low Carbon Energy business, conceptualised and executed bp’s pivot in low carbon energy by establishing its world-scale presence in solar and offshore wind, expanding in bioenergy and onshore wind as well as building businesses in hydrogen and gas and power. He was a member of bp’s executive team for over a decade, and served as Chief Executive, Alternative Energy and Executive Vice President, Group Strategy and Asia and Europe Regions. Prior to this, he held a range of senior leadership positions, including Group Treasurer and Chairman, bp Investment Management Ltd.

Commenting on his new role, Mr. Sanyal said, “This is a hugely exciting moment in the energy industry. We are in the midst of a giant opportunity for those that are able to provide customers the energy they need, in the way that they want. It is a story of growth, technology and entrepreneurship. Pace matters. VARO with its track record of building new businesses and customer solutions, executed by an entrepreneurial team is perfectly poised to be a leader in this transition.”

About VARO

VARO Energy (“VARO”) is an energy company operating throughout the complete fuel supply chain with refining, storage, blending, distribution, sales and marketing assets. It safely delivers high-quality fuels from conventional and renewable sources to its national and international business customers and end-consumers.

The company owns manufacturing assets in Cressier, Switzerland, a majority share in the Bayernoil refinery, Southern Germany, as well as storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland.

VARO Energy owns a 51% stake in SilviCarbon, a global leader in nature-based Carbon Dioxide Removals (CDRs) and a 49.5% share in E-Flux, a leading provider of electric vehicle charging software.

For more information about VARO, please visit