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No candidate suitable for OIL top job for third time

Mail Today Bureau     September 11, 2015

The Public Enterprises Selection Board (PESB) has for the third time this year rejected all candidates who applied for the Oil India Limited (OIL) chairman-cum-managing director's (CMD) post as they were not found suitable for the top job at the nation's second-biggest oil and gas explorer.

The PESB on Thursday interviewed ten candidates, including the firm's director (finance) Rupshikha Saikia Borah. After the interview, the PESB in a notice said, "The Board decided to see more candidates." Besides Borah, the PESB said that it had interviewed Indraprastha Gas Limited MD Narendra Kumar, FACT chairman Jaiveer Srivastava, Gail executive director Gajendra Singh, PGCIL director (personnel) R.P. Singh and five others.

A senior official said that for the current round, 12 candidates had applied, but none of them had an oil and gas exploration background, which is a crucial requirement for the job. The official added that earlier such appointments were being made in a more casual manner but the new government wants this to change.

The PESB last November had found Borah and five others, including Neyveli Lignite Corporation Limited director (HR) S.K. Acharya, Air India director (personnel) N.K. Jain and State Trading Corporation director (marketing) Rajiv Chopra unsuitable to replace S.K. Srivastava, when he retired on June 30, 2015. It, however, selected Borah when it conducted a second round of interviews in February. However, the Prime Minister's Office had questioned as to what had changed between November and February that Borah became suitable from unsuitable. Following this, the selections were scrapped and fresh applications were called.

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