With no boss around, is BPCL going driverless on stake sale drive?

Two of the top executives in the board are set to superannuate from the services of the corporation on August 31

As state-run Bharat Petroleum Corporation Ltd (BPCL) inches close to disinvestment, the company seems to be staring at the problem of vacant board positions. Posts as important as those of chairman and managing director and refinery director are falling vacant by August-end.

Two of the top executives in the board — including chairman and managing director D Rajkumar and director (refineries) R Ramachandran — are set to superannuate from the services of the corporation on August 31. Interestingly, the Public Enterprises Selection Board (PESB) came out with job notifications for filling both the posts in August 2019.