IOC gets new head; first insider in 9 years

B Ashok was chosen by PESB in October last year

GN Bureau | July 17, 2014



B Ashok took over as full-time chairman of Indian Oil Corporation on Wednesday.

Ashok, 57, is the first insider to head Indian Oil since March 2005. Since then, the post was held by Sarthak Behuria, who moved from Bharat Petroleum, and R S Butola from ONGC Videsh.

Ashok has taken over R K Malhotra, who was appointed the acting chairman of the country's biggest oil refiner and retailer, after R S Butola's retirement on May 31.

The appointment of B Ashok was finalised by the government's headhunter Public Enterprises Selection Board (PESB) in October last year. But it was delayed after former PM Manmohan Singh did not sign the file, which was sent to the PMO after vigilance clearance.

This is the first major public sector appointment of the Narendra Modi’s government. The timely appointment has also ended the uncertainty over leadership at India's biggest oil refiner and retailer.

A mechanical engineer from Madras University, Ashok was an executive director (marketing) in the company. He has had stints in the lubricants and services division, general sales, Malaysia office as well as head of Karnataka and Kerala state offices.
 

Comments

 

Other News

Dying cultural expressions

Every year since 2000, February 21 is observed as International Mother Language Day by United Nations Educational, Scientific and Cultural Organisation (UNESCO). It is to celebrate linguistic and cultural diversity, and multilingualism.

Need for state laws for compulsory registration of marriages

Indian women marrying NRIs, glamorous though it sounds, has recently become a cause of serious concern. The reason for this is the alarmingly high rates of desertion of women marrying NRIs, said a blog posted on the Niti Aayog website.    The blog ‘NRI: Non Reliabl

The rot at the top

CBI is supposed to be the last resort to catch the corrupt after all other options have not yielded the desired result. But, who will now tackle corruption now that two of the former top officials of the premier investigating agency are themselves facing charges.   India is s

Demonetisation is short-term challenges for long-term gains: Usha Ananthasubramanian

Post demonetisation, what are the challenges faced by banks? Post demonetisation, the major challenges are retention of CASA [current account, savings account] deposits, deployment of these funds, impact of spurt/decline in low-cost deposits on MCLR [marginal cost of fund

Universal Basic Income: The way forward

9.44 The irresistible force of even as powerful an idea as UBI will run into the immovable object of a resistant, pesky reality. So, what is the way forward, always remembering that the yardstick for assessment is not whether UBI can be perfect or faultless but only whether it can impr

Should action be taken against hospitals which have hiked the heart surgery cost?

Should action be taken against hospitals which have hiked the heart surgery cost?

Video

चुनावी माहौल में वाराणसी के अस्सी घाट से एक रिपोर्ट
Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter