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Leadership crisis set to mar IOCL this year

By IndianMandarins- 07 Apr 2023
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New Delhi (07.04.2023): The leadership crisis is going to hit the Indian Oil Corporation Limited (IOCL) badly this year with three board-level positions in the organization falling vacant while the post of Director, Finance is already vacant. Director, Pipelines DS Nanaware is retiring in June 2023, Director R&D Dr SSV Ramakumar in the next month i.e July 2023 while Chairman and Managing Director Shrikant Madhav Vaidya to say a bid adieu to IOCL in August 31, 2023. The post of Director, Finance is already vacant and its appointment is put on hold following the Delhi High Court (HC) order. As Indianmandarins had reported earlier (27.03.2023) the petitioner challenged the list of shortlisted candidates released on 10.03.2023 saying that despite the petitioner too being eligible preference was given to Chartered Accountants over Cost Accountants. Interestingly Director, Human Resources R K Mohapatra completed his tenure on February 18, 2023 but he is still serving. So whatever decision is taken on Mohapatra in the days to come but it makes total vacant position in IOCL to five.

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