MTNL to get a full-time CMD soon -Governance Now

MTNL to get a full-time CMD soon

State-run telecom company has been without a full-time CMD since June 2014

GN Bureau | August 1, 2016

#MTNL #PSU #telecom #CMD

The department of telecommunications (DoT) has formed a search-cum-selection committee to find a full-time chairman and managing director (CMD) of state-run telecom company MTNL, for a period of five years, according to a news report published in Business Standard.

MTNL, which offers services in Delhi and Mumbai, has been without a full-time CMD since A K Garg retired from the post on May 30, 2014. Since then, P K Purwar, director (finance) of the company was given the additional charge for the post. From June 2015 to June 2016, N K Yadav, who is member (services), held the charge.

Purwar was again given the additional charge in June 2016, after completion of Yadav’s tenure. Candidates will have to submit their applications before September 8, 2016.

Purwar’s name was recommended for the top post by the government headhunter public enterprises selection board (PESB) in November 2013, but the government did not go ahead with the recommendation.

MTNL, which has been making losses since 2009-10, is expected to post operational profit at the end of the current financial year and turn profitable in 2017-18.

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