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HomeBusinessPESB leaves next IOC chief’s choice to oil min

PESB leaves next IOC chief’s choice to oil min



NEW DELHI: The government headhunter, PESB, on Tuesday interviewed 10 candidates for the post of IndianOil Corporation chairman but did not recommend anyone. Instead, it “advised” the oil ministry to “take appropriate course of further action, including search-cum-selection”.
This is the second instance in recent months where PESB did not find a suitable candidate for the top job at bluechip oil companies. On June 3, 2021, it did not find anyone suitable from nine candidates, including two serving IAS officers, to head ONGC.
The ministry thereafter constituted a search-cum-selection panel and named Arun Kumar Singh, who had retired after attaining 60 years of age from Bharat Petroleum Corporation Ltd (BPCL), to head ONGC. Singh wasn’t eligible to apply in the first place but the changed rules made him eligible.
PESB on Tuesday interviewed 10 candidates to succeed incumbent Shrikant Madhav Vaidya who superannuates on attaining 60 years of age on August 31.

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