(B.S)
Eight months after its headhunter failed to find any suitable candidate for top job at ONGC, the government will deploy a sparingly used committee approach to find a new chairman and managing director of India’s top oil and gas producer. Eight months after its headhunter failed to find any suitable candidate for top job at ONGC, the government will deploy a sparingly used committee approach to find a new chairman and managing director of India’s top oil and gas producer.
Most board level appointments at public sector companies are done on the basis of recommendations of the Public Enterprise Selection Board (PESB) but the government headhunter had in June last year did not find anyone suitable from nine candidates, including two serving IAS officers, to head Oil and Natural Gas Corporation (ONGC). “Keeping in view the strategic importance and vision for the company and its future, the Board did not recommend any candidate and decided to constitute a Search Committee,” PESB had said in a notice after interviews on June 5, 2021.
“The Appointments Committee of the Cabinet (ACC) has approved selection to the post of Chairman & Managing Director, ONGC through a Search-cum-Selection Committee,” an official order said. The panel will comprise of Chairperson of PESB, Oil Secretary, and B Ashok, former chairman of Indian Oil Corporation (IOC), it said adding Ashok is the outside expert of eminence on the panel.
