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

70 words that define India, why Doklam stand-off won’t lead to a war, and more

As India celebrates 70 years of freedom, Governance Now looks back and picks 70 words – or phrases, buzzwords, slogans, events – that best define this ancient nation and young democracy. Here, you will find much to be proud of, much tinged with pangs of nostalgia. Then there are entries that

A dose of PPP in healthcare is what the doctor recommends

Dr Kenneth E Thorpe, a professor of health policy and management at Emory University in the US and also the executive director of Partnership to Fight Chronic Diseases (PFCD), says that the government alone cannot do everything. “They don’t have the resources and capacity. So we have to fin

EESL signs MoU with oil companies for energy saving appliances

Energy Efficiency Services Limited (EESL), a joint venture company of PSUs of ministry of power, signed an agreement with oil marketing companies (OMCs) of ministry of petroleum and natural gas for distribution of energy efficient appliances under the flagship Unnat Jeevan by Affordable LEDs and applianc

Jammu airport’s upgraded terminal building inaugurated

Union minister for civil aviation, P Ashok Gajapathi Raju inaugurated the upgraded passenger terminal building of Jammu airport.   Notably, Jammu airport belongs to the Indian Air Force, and airports authority of India (AAI) maintains a civil enclave for civil aircraft operat

Election Commission shows it has spine

The election commission has become increasingly assertive in the past few months, showing its mettle in times of electoral challenges.   Weeks after rooting from EVMs and just days after the poll panel declared votes cast by two rebel Congress legislators in the Rajya Sabha e

Is Amit Shah`s blueprint for 350-plus seats in 2019 Lok Sabha elections achievable?

Is Amit Shah`s blueprint for 350-plus seats in 2019 Lok Sabha elections achievable?



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter