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ONGC CMD post: Cabinet panel rejects list
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New Delhi
Feb. 6
India's most valuable public sector company, ONGC, may have to wait for sometime before it gets a full-fledged chief. The Cabinet Committee on Appointments has rejected the entire panel of names proposed for the post of Chairman and Managing Director of ONGC. Official sources told Business Line, "We received a communication late this evening from the Department of Personnel and Training that appointment has not been confirmed by the Cabinet Committee on Appointments. Fresh interviews will have to be done."
The name of Mr R.S. Sharma, who has been officiating as the CMD of ONGC since May 2006 is understood to have been selected for the position by the Public Enterprise Selection Board in August last year. Mr Sharma, who is also the Director (Finance) of the company had been given additional charge of CMD on May 25.
With this the name of Mr A.K. Hazarika, Director (Onshore) in ONGC, who was said to be the number two choice for the CMD post has also not been considered. Officials said that indications are that the fresh PESB committee would also have experts in the panel and they would follow a mechanism of selection and search.
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