PESB

The government has extended the tenure of Mallika Srinivasan as the head of the Public Enterprises Selection Board (PESB) by one year after it made an exception to rules to allow the private sector specialist to continue on the job beyond the cut-off age of 65 years, according to an official order. Srinivasan, Chairman and Managing Director of Tractors and Farm Equipment (TAFE) Limited, was originally appointed as the chairperson of government headhunter PESB in April 2021 for a three-year tenure till April 8, 2024. In March this year, the tenure was extended from April 9, 2024, to November 18 - the date she attained the age of 65 years. PESB is a non-statutory body that advises the government on appointments to the highest posts in Central Public Sector Enterprises. The board comprises a chairman and three members. The term of office for the chairperson and members is three years, or until they turn 65, whichever comes first. The chairperson/members are eligible for consideration o

Over the past one year, the PESB has taken steps to expand the talent pool from which it selects candidates

The government headhunter PESB has rejected all candidates it interviewed for the top job at Hindustan Petroleum Corporation Ltd (HPCL), the third instance in as many years that the board has not found any suitable candidate for the role in a state oil firm. The Public Enterprises Selection Board (PESB) on June 14 interviewed eight candidates, including a director on the HPCL board and managing director of Indraprastha Gas Ltd (IGL), but rejected them all. "The Board did not recommend any candidate for the post of chairman and managing director (CMD) HPCL and advised the Ministry of Petroleum & Natural Gas to choose an appropriate course of further action for selection, including the Search-Cum-Selection Committee (SCSC) or as deemed appropriate with the approval of the competent authority," the PESB panel said in a notification. The HPCL CMD post will fall vacant on September 1, 2024, when the incumbent Pushp Kumar Joshi retires on attaining a superannuation age of 60 years. The .

This is the second time in recent months that PESB has not been able to find a suitable candidate for high-ranking positions at blue-chip oil companies

Parminder Chopra is set to head Power Finance Corporation (PFC), with PESB recommending her name for the post of Chairman and Managing Director (CMD) of the state-owned non-banking financial institution. Chopra currently serving as Director (Finance), will be the first woman CMD of the NBFC, under the Ministry of Power. She is also on the board of the company. In its notification dated May 8, the Public Enterprises Selection Board (PESB) said it has "recommended the name of Parminder Chopra for the post of Chairman & Managing Director, Power Finance Corporation". The official holds a bachelor's degree in Commerce and is a qualified Cost Accountant. She has over 35 years of experience in the power sector, including work experience at NHPC and the Power Grid Corporation of India (PGCIL).

The Public Enterprises Selection Board (PESB) has recommended the name of P M Prasad for the post of Chairman and Managing Director of Coal India Limited, an official said on Wednesday. Prasad is currently the chairman cum managing director of the Ranchi-based CIL arm - Central Coalfields Ltd (CCL). The PESB on Wednesday recommended Polavarapu Mallikharjuna Prasad's name for the post of CIL chairman and managing director, the official said. Prasad was among seven officials interviewed for the post, as per minutes of the PESB meeting. Those interviewed for the post included Ambika Prasad Panda, CMD Eastern Coalfields Ltd (ECL), Manoj Prasad, CMD, Central Mine Planning and Design Institute (CMPDIL), Amitava Mukherjee, Director (Finance), NMDC, Prabhu Dayal Chirania, Senior GM, BSNL, Ashok Burnwal, IAS and Alok Singh, IRS. Coal Ministry has set an ambitious roadmap for 2023-24 that covers a variety of areas including a total coal production target of 1012 MT. Prasad joined as Centra

The Public Enterprises Selection Board (PESB) selected Gupta, 56, for the post of chairman and managing director of GAIL after interviewing 10 candidates, it said in a post-interview notice

ONGC is without a regular chairman since March-end 2021.

PESB had earlier recommended the name of Gopal Singh for NMDC's top post