NEW DELHI: The govt on Wednesday appointed former Bharat Petroleum chairman Arun Kumar Singh as ONGC leader for 3 years, giving India’s greatest exploration corporate a full-time head after an opening of nineteen months.
Singh, who superannuated from the oil refining and gasoline advertising and marketing corporate on October 31, is the primary retired individual to be appointed as head of a state-run corporate and units a priority for long run appointments in public sector undertakings.
He would be the 2d individual from the ‘downstream’, or refining business, to go ONGC, an ‘upstream’, or exploration corporate after Subir Raha, who had moved from IndianOil in 2001.
Singh assumed price as ONGC chairman Within hours of the federal government order within the corporate’s Mumbai place of business as an alternative of the corporate headquarters in Delhi and instantly held a video convention with different administrators at the board.
So a ways, ONGC head used to be designated as CMD, combining the purposes of chairman and managing director. But Singh’s appointment order says best chairman, which has left the window open for the federal government to nominate an MD. The 3-year tenure could also be a primary since PSU board appointments are made for 5 years or the superannuation age of 60, whichever is previous.
ONGC has been and not using a full-time head since April 2021 after Shashi Shanker retired.
A mechanical engineer from National Institute of Technology, Patna, Singh used to be director (advertising and marketing) of Bharat Petroleum from October 2018 to September 2021 sooner than being increased as the corporate’s CMD.
A search-cum-selection committee arrange by way of the oil ministry advisable his title for the ONGC most sensible activity after interviewing six applicants on August 27. At the time, Singh had already been advisable by way of the federal government headhunter PESB for the publish of Petroleum and Natural Gas. Gas Regulatory Board chairman.
In his just about 38 years of enjoy in oil and fuel business, he has headed industry devices and entities in BPCL akin to retail, LPG, pipelines and provide chain optimization.
He additionally served as President (Africa & Australasia) in Bharat PetroResources Ltd, BPCL’s upstream subsidiary.
Singh, who superannuated from the oil refining and gasoline advertising and marketing corporate on October 31, is the primary retired individual to be appointed as head of a state-run corporate and units a priority for long run appointments in public sector undertakings.
He would be the 2d individual from the ‘downstream’, or refining business, to go ONGC, an ‘upstream’, or exploration corporate after Subir Raha, who had moved from IndianOil in 2001.
Singh assumed price as ONGC chairman Within hours of the federal government order within the corporate’s Mumbai place of business as an alternative of the corporate headquarters in Delhi and instantly held a video convention with different administrators at the board.
So a ways, ONGC head used to be designated as CMD, combining the purposes of chairman and managing director. But Singh’s appointment order says best chairman, which has left the window open for the federal government to nominate an MD. The 3-year tenure could also be a primary since PSU board appointments are made for 5 years or the superannuation age of 60, whichever is previous.
ONGC has been and not using a full-time head since April 2021 after Shashi Shanker retired.
A mechanical engineer from National Institute of Technology, Patna, Singh used to be director (advertising and marketing) of Bharat Petroleum from October 2018 to September 2021 sooner than being increased as the corporate’s CMD.
A search-cum-selection committee arrange by way of the oil ministry advisable his title for the ONGC most sensible activity after interviewing six applicants on August 27. At the time, Singh had already been advisable by way of the federal government headhunter PESB for the publish of Petroleum and Natural Gas. Gas Regulatory Board chairman.
In his just about 38 years of enjoy in oil and fuel business, he has headed industry devices and entities in BPCL akin to retail, LPG, pipelines and provide chain optimization.
He additionally served as President (Africa & Australasia) in Bharat PetroResources Ltd, BPCL’s upstream subsidiary.