Satish Vadugiri named interim chairmen for IOC, Rajneesh Narang for HPCL
The government on Wednesday named interim chairmen for top oil firms, Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL), as appointment of full-time heads is work in progress.
Satish Kumar Vaduguri, Director (Marketing), IOC has been appointed interim chairman of the company for three months starting September 1, an oil ministry order said.
He replaces Shrikant Madhav Vaidya who completes his extended term at month-end.
In a separate order, the ministry appointed Rajneesh Narang, Director (Finance), HPCL as the chairman and managing director of the company for three-month period starting September 1.
He would replace Pushp Kumar Joshi who superannuates on completion of 60 years of age on August 31.
With government headhunter PESB not finding anyone suitable, three-member search-cum-selection committees are looking for heads at both IOC and HPCL.
On August 11, the panel interviewed nearly a dozen candidates and is learnt to have zeroed in on Sandeep Gupta