New Delhi: Petroleum Minister Dharmendra Pradhan has approved appointment of B Ashok as the head of India's largest oil firm, IOC, in what will be the first top level appointment by the new government.
B Ashok, Executive Director (Retail Sales) at Indian Oil Corp (IOC), was on October 9, 2013, chosen to head the company by government headhunters Public Enterprise Selection Board (PESB), but the previous UPA government could not appoint him before its tenure ended.
The Prime Minister's Office, where Mr Ashok's appointment file was pending since last month, had sought Mr Pradhan's comments on the issue.
"The Minister has consented to Ashok's appointment and the file has been sent to the Department of Personnel and Training (DoPT) for processing," a ministry official said.
Once approved the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi, formal appointment orders will be issued.
Mr Ashok, 57, was to succeed R S Butola who retired from service on May 31 on attaining superannuation age of 60 years.
Since a full-time chairman was not appointed in time, R K Malhotra, Director (R&D) and senior most director on IOC board, has been given additional charge for the time-being.
This would be the first appointment by the new government on IOC board, where all directors are retiring this fiscal.
Mr Malhotra, who is acting chairman, is due to retire by the month end. And if by then Mr Ashok is not appointed, the additional charge will be given to the next senior most director, AMK Sinha, Director for Business Development.
Mr Sinha will retire by July end and P K Goyal, Director (Finance), in the following month.
R K Ghosh, Director (Refineries) too will retire by month end while Director (Marketing) M Nene would demit office by end of December. Director (HRD) post is vacant and V S Okhde, the only the functional director on company board, will superannuate on January 31, 2015.
B Ashok, Executive Director (Retail Sales) at Indian Oil Corp (IOC), was on October 9, 2013, chosen to head the company by government headhunters Public Enterprise Selection Board (PESB), but the previous UPA government could not appoint him before its tenure ended.
The Prime Minister's Office, where Mr Ashok's appointment file was pending since last month, had sought Mr Pradhan's comments on the issue.
Once approved the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi, formal appointment orders will be issued.
Advertisement
Since a full-time chairman was not appointed in time, R K Malhotra, Director (R&D) and senior most director on IOC board, has been given additional charge for the time-being.
Advertisement
Mr Malhotra, who is acting chairman, is due to retire by the month end. And if by then Mr Ashok is not appointed, the additional charge will be given to the next senior most director, AMK Sinha, Director for Business Development.
Advertisement
R K Ghosh, Director (Refineries) too will retire by month end while Director (Marketing) M Nene would demit office by end of December. Director (HRD) post is vacant and V S Okhde, the only the functional director on company board, will superannuate on January 31, 2015.
COMMENTS
Advertisement
NDTV Impact: Madhya Pradesh Appoints More Doctors For Gas Tragedy Victims Preamble To Constitution Not Removed From NCERT Textbooks: Education Minister Dharmendra Pradhan "No Basis, Petty Politics": Education Minister On Preamble Being 'Removed' From Textbooks "Trusted Mamata Banerjee But...": Father Of Murdered Doctor To NDTV What Murdered Doctor's Father Said About A Torn Page From Her Diary Flower Seller Forced To Buy iPhone For Son On Hunger Strike, Internet Reacts Elite Jewish High School Graduates Shun Columbia Amid Protest Turmoil Chhattisgarh Father Beats Girl, 8, To Death. She Was Fighting Sister For Toy In Lateral Entry Row, Rahul Gandhi Renews "Attack On Dalits..." Criticism Track Latest News Live on NDTV.com and get news updates from India and around the world.