Friday 27 June 2014

Oil Minister approves appointment of new IOC chairman

Indian Oil Corp
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 Ashok's appointment file was pending since last month, had sought 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. 

The appointment orders will be issued after approval of the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi.

57-year-old Ashok 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 the additional charge for the time-being.
   
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