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IOC gets new Chairman
Shrikant Madhav Vaidya will be the new Chairman of the country's biggest oil firm, Indian Oil Corp (IOC).
New Delhi: Shrikant Madhav Vaidya will be the new Chairman of the country's biggest oil firm, Indian Oil Corp (IOC).
Vaidya, who currently is Director (Refineries) at IOC, was selected for the top post by government headhunter Public Enterprise Selection Board (PESB) on Thursday, sources with direct knowledge of the development said.
He was selected after PESB interviewed five candidates, including four directors on IOC board - Director Finance Sandeep Kumar Gupta, Director HR Ranjan Kumar Mohapatra and Director R&D SSV Ramakumar.
Besides these and Vaidya, the fifth candidate interviewed was Rahul Bhardwaj, an executive director with the company.
Vaidya, 56, joined the IOC Board in October and will replace Sanjiv Singh who retires as Chairman of the company at the end of June next year.
