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regular-article-logo Monday, 22 July 2024

Government's hunt for post of Hindustan Petroleum Corporation chief flounders

The Public Enterprises Selection Board (PESB) on June 14 interviewed eight candidates, including a director on the HPCL board and managing director of Indraprastha Gas Ltd, but rejected them all

PTI New Delhi Published 17.06.24, 08:37 AM
Representational image

Representational image Sourced by The Telegraph

The government headhunter PESB has rejected all candidates it interviewed for the top job at Hindustan Petroleum Corporation Ltd (HPCL), the third instance in as many years that the board has not found any suitable candidate for the role in a state oil firm.

The Public Enterprises Selection Board (PESB) on June 14 interviewed eight candidates, including a director on the HPCL board and managing director of Indraprastha Gas Ltd, but rejected them all.

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“The Board did not recommend any candidate for the post of chairman and managing director HPCL and advised the Ministry of Petroleum & Natural Gas to choose an appropriate course of further action for selection, including the Search-Cum-Selection Committee (SCSC) or as deemed appropriate with the approval of the competent authority,” the PESB panel said in a notification.

The HPCL CMD post will fall vacant on September 1, 2024, when incumbent Pushp Kumar Joshi retires on attaining 60 years.

The PESB had previously not found anyone suitable for the top job at IOC) and ONGC. This led to the incumbent in IOC getting an additional year in office even after attaining superannuation age and a retired executive being given charge in ONGC.

PESB, on June 3, 2021, interviewed nine candidates, including two serving IAS officers, to head ONGC. But it did not find any candidates suitable.

The ministry thereafter constituted a search-cum-selection panel and named Arun Kumar Singh, who had retired after attaining 60 years of age from Bharat Petroleum Corporation Ltd (BPCL), to head ONGC. Singh wasn’t eligible to apply in the first place, but the eligibility rule was changed to allow consideration of persons who have attained 60 years of age. He was given a three-year term that ends in December 2025.

In IOC, PESB, in May last year, did not make any recommendation for a replacement of Shrikant Madhav Vaidya, who was to retire after attaining 60 years of age in August 2023. The panel interviewed 10 candidates, including Chennai Petroleum Corporation Ltd (CPCL) managing director Arvind Kumar.

PTI

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