PUBLIC SECTOR HEADHUNTER

pesb-to-restart-selection-interviews-with-hudco-cmd-post-05-candidates-shortlisted

PESB to restart selection interviews with HUDCO CMD post; 05 candidates shortlisted

Indianmandarins has reliably learned that the public-sector headhunter (PESB) is all set to re-start conducting interviews for Board-level positions in Central PSUs from 12 June; a process which eventually came to a standstill came during the nation-wide lockdown. Board-level selections were put on hold after selections to the posts of Director (Marketing), National Textile Corporation (NTC) and MD, Central Cottage Industries Corporation (CCIC) on 17 March.

Reportedly, as many as five candidates have been shortlisted for the post of CMD, HUDCO who may be interviewed on 12 Jnue.

Interestingly, selection of CMD, HUDCO would be Rajiv Kumar’s opening interview as Chairman, PESB though the Board started inviting applications for Board-level posts from 19 May itself. 

05 Jun 2020
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REC: Ajoy Choudhury appointed as Director, Finance

REC Limited, a Government of India Navratna PSU and one of India’s largest power financiers, has announced the appointment of Ajoy Choudhury to the post of Director (Finance) with effect from 1st June,  2020 upon the superannuation of the outgoing Director (Finance) Ajeet Kumar Agarwal.

 

Choudhury brings with him over 33 years of experience working across various functions in the power sector. Prior to joining REC, he worked with PGCIL and NHPC Limited. In his 14 years with REC Limited, he has handled a gamut of finance portfolios including loans & recovery, international finance, corporate accounts, treasury, taxation and resource mobilization. He has been instrumental in raising finances from international agencies like the World Bank, Asian Development Bank, German Bank of Reconstruction & Development (KfW), etc.

 

In addition to the current role, he is also a nominee director on the board of REC-PDCL, a wholly-owned subsidiary of REC Limited, and TRN Energy Pvt. Ltd., a subsidiary of ACB (India) Power Limited.

02 Jun 2020
pesb-to-restart-selection-interviews-with-hudco-cmd-post-05-candidates-shortlisted

PESB to restart selection interviews with HUDCO CMD post; 05 candidates shortlisted

By IndianMandarins 05 Jun 2020

Indianmandarins has reliably learned that the public-sector headhunter (PESB) is all set to re-start conducting interviews for Board-level positions in Central PSUs from 12 June; a process which eventually came to a standstill came during the nation-wide lockdown. Board-level selections were put on hold after selections to the posts of Director (Marketing), National Textile Corporation (NTC) and MD, Central Cottage Industries Corporation (CCIC) on 17 March.

Reportedly, as many as five candidates have been shortlisted for the post of CMD, HUDCO who may be interviewed on 12 Jnue.

Interestingly, selection of CMD, HUDCO would be Rajiv Kumar’s opening interview as Chairman, PESB though the Board started inviting applications for Board-level posts from 19 May itself. 

rec-ajoy-choudhury-appointed-as-director-finance

REC: Ajoy Choudhury appointed as Director, Finance

By IndianMandarins 02 Jun 2020

REC Limited, a Government of India Navratna PSU and one of India’s largest power financiers, has announced the appointment of Ajoy Choudhury to the post of Director (Finance) with effect from 1st June,  2020 upon the superannuation of the outgoing Director (Finance) Ajeet Kumar Agarwal.

 

Choudhury brings with him over 33 years of experience working across various functions in the power sector. Prior to joining REC, he worked with PGCIL and NHPC Limited. In his 14 years with REC Limited, he has handled a gamut of finance portfolios including loans & recovery, international finance, corporate accounts, treasury, taxation and resource mobilization. He has been instrumental in raising finances from international agencies like the World Bank, Asian Development Bank, German Bank of Reconstruction & Development (KfW), etc.

 

In addition to the current role, he is also a nominee director on the board of REC-PDCL, a wholly-owned subsidiary of REC Limited, and TRN Energy Pvt. Ltd., a subsidiary of ACB (India) Power Limited.

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Seven PSUs get new CMD and Director

By IndianMandarins 28 May 2020

The NaMo administration on Wednesday cleared the appointment to the post of CMD, MD and Director in various Central PSUs:

  1. Cmde Hemant Khatri to the post of CMD, Hindustan Shipyard Limited (HSL) till the date of his superannuation i.e. 31.07.2025. He may take charge on 01.09.2020. Presently, he is Director (Strategic Project), Hindustan Shipyard Limited (HSL).
  2. Sanjoy Bhattacharya appointed as CMD, Andrew Yule & Co. Ltd. AYCL till 31.08.2023 i.e. the date of his superannuation. He may take charge on 01.09.2020. Presently, he is Director (Planning) AYCL.
  3. Dr Mukesh Kumar (GM, KAPL) appointed to the post of Managing Director (MD), Indian Medicines & Pharmaceuticals Corporation Limited (IMPCL) till the date of his superannuation, i.e. 30.04.2024.
  4. Ajit Kumar (IRAS:1989) was on Wednesday appointed to the post of Director (Finance) in Indian Railway Catering and Tourism Corporation (IRCTC) for a period of five years or till his superannuation on absorption basis.
  5. V Ramesh (CGM, BSNL) was on Wednesday appointed to the post Director (Enterprise), BSNL till 31.07.2024 i.e. the date of his superannuation.
  6. Anupam Misra as appointed as Director (Marketing), Fertilizers and Chemicals Travancore Limited (FACT) for a period of five years or till the date of his superannuation. Presently, he is Director (Marketing), FEC Limited
  7. Sushil Sharma (GM, SJVN Limited) appointed as Director (Electrical), SJVN Limited for a period of five years or till the date of his superannuation. He may take charge on 01.08.2020.

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Major Board level appointments in Central PSUs include CMD, IOCL and Director, PFC

By IndianMandarins 29 Apr 2020

The NaMo administration on Tuesday effected a major Board-level appointments in Central PSUs namely; Indian Oil Corporation Limited, Power Finance Corporation, Northern Coalfields Limited, Mahanadi Coalfields Ltd and Cotton Corporation of India:

CMD, IOCL: Shrikant Madhav Vaidya appointed as Chairman, Indian Oil Corporation Limited (IOCL) till the date of his superannuation, i.e. 31.08.2023. Presently, he is working as Director (Refineries), IOCL. He will take charge on 01.07.2020 following the retirement of Sanjiv Singh retiring on 30.06.2020.

Director (Finance) PFC: Mrs. Parminder Chopra (ED, PFC) appointed to the post of Director (Finance), Power Finance Corporation (PFC) for a period of five years or till the date of her superannuation. She will take charge on 01.07.2020 following the retirement of N B Gupta on 30.06.2020.

Director (Finance) BEL: Dinesh Kumar Batra (GM, BEL) appointed to the post of Director (Finance) in Bharat Electronics Limited till the date of his superannuation i.e. 31.10.2022. He will take charge on 01.08.2020 following the retirement of Koshy Alexander on 31.07.2020.

Director (Technical) NCL: Dr Anindya Sinha (Project Advisor, Ministry of Coal) appointed to the post of Director (Technical), Northern Coalfields Limited (NCL)  till the date of his superannuation i.e. 30.06.2023. He will take charge on 08.01.2020 following the retirement of G Pandey.

Director (Technical), NCL: Subrata Shekhar Sinha (GM, South Eastern Coalfields Limited) appointed to the post of Director (Technical), Northern Coalfields Limited (NCL) till the date of his superannuation i.e. 30.09.2022. One more post of Director (Technical) is lying vacant in NCL.

Director (Finance) NLC: Ram Narayan Dubey (GM, Coal India) appointed to the post of Director (Finance), Northern Coalfields Limited (NCL) till the date of his superannuation, i.e. 31.05.2022. He will assumption of charge on 01.06.2020 following the retirement of Nag Nath Thakur on 31.05.2020.

Director (Technical), MCL: Baban Singh (GM, South Eastern Coalfields Limited)  appointed to the post of Director (Technical), Mahanadi Coalfields Ltd. (MCL) till his superannuation on 30.11.2021. A post of Director (Technical/P&P) is already vacant in MCL.

Director (Finance), CCI: Lalit Kumar Gupta (CGM, CCI) appointed to the post of Director (Finance), Cotton Corporation of India Limited for a period of five years. Presently, the post is lying vacant.

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New chairman of PESB soon: Search committee meeting held

By IndianMandarins 27 Apr 2020

If some top sources are to be believed members of the Search Committee held a meeting on Saturday morning to select the new Chairman of the public-sector headhunter i.e. Public Enterprise Selection Board (PESB). If everything goes right, the PESB may get a new chairman in a couple of weeks.

The Chairman post fell vacant after Kapil Dev Tripathy (Retd IAS:1980:AM) was moved to Raisina Hills as Secretary to President of India Ram Nath Kovind.

It may be underlined that presently, only two members are there on the Board; former Railway Board chairman M K Gupta and Rear Admiral Shekhar Mital. Posts of chairman and a member are vacant.

Sources said that the position of a member may continue to remain vacant as the search committee discussed the post of Chairman only.

The committee, headed by PS to PM Dr P K Misra, comprises of Union Cabinet Secretary Rajiv Gauba, DoPT Secretary C Chandramouli, Union Home Secretary Ajay Bhalla, Finance Secretary Atanu Chakraborty and Public Enterprise Secretary Sailesh.

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No IAS officer in the headless headhunter?

By IndianMandarins 22 Apr 2020

Following the appointment of PESBchairman K D Tripathi as Secretary to the President, a rare situation has arrived in the public-sector headhunter when no IAS officer is there on the headless Board.

Presently, only two members are there on the Board; former Railway Board chairman M K Gupta and Rear Admiral Shekhar Mital. Posts of chairman and a member are vacant. Power corridors are abuzz whether a former IAS officer would be drafted as PESB chairman. It is also to be seen whether the chairman would be junior to the other two members or one of these members itself would be made chairman of the selection board.

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Now NRIs can acquire 100% stake in Air India

By IndianMandarins 05 Mar 2020

The Centre has decided that NRIs can acquire a 100 percent stake in the public sector aviation company Air India as the decision was taken by the cabinet chaired by PM Narendra Modi. The government is looking for AI disinvestment.

The cap for the NRIs to acquire a stake in the national airlines was 49 percent earlier. It was announced that regarding the strategic sale of Air India, now NRIs can acquire 100 percent of stake in the airlines.

The government has initiated the process of divesting its share from Air India a long time back and is looking for suitable bidders. An attempt by the government to divest its stake in AI failed due to not getting potential buyers.

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GSL: B K Upadhyay selected for Director post

By IndianMandarins 26 Feb 2020

The public-sector head-hunter (PESB) on Wednesday selected Brajesh Kumar Upadhyay (General Manager, Goa Shipyard Ltd) for the post of Director (Operations), Goa Shipyard Ltd.

Subject to requisite clearances and ACC approval Upadhyay may replace K S Jagannath; the outgoing Director completing retiring August this year.

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