In a significant development, the Public Enterprises Selection Board (PESB) has initiated the process for appointing a new Chairman and Managing Director (CMD) at Oil and Natural Gas Corporation (ONGC). The move comes ahead of the completion of current CMD Arun Kumar Singh’s tenure, which is set to end in December 2025.
Singh was appointed to the top post on December 7, 2022, with a three-year term. As the end of his tenure approaches, PESB intensified its effort to identify a suitable successor.
According to individuals familiar with the development, more than 24 candidates have submitted applications for the prestigious role. The applicant pool reportedly includes two serving CMDs from Central Public Sector Enterprises (CPSEs), two Director (Finance)-level officers, several other senior executives, and a number of external aspirants.
The process is expected to move swiftly in the coming months as PESB shortlists candidates and conducts interviews to ensure a smooth leadership transition at the helm of India’s largest oil and gas exploration company.
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