PSU NEWS

HPCL to Announce New CMD Soon

  • by Psu Connect
  • Date: 29-11-24

Earlier, in June, the Public Enterprises Selection Board (PESB) had conducted interviews for the same post but declared that none of the candidates met the required standards.

HPCL to Announce New CMD Soon
Amit Garg to be next CMD of HPCL: Sources

According to the sources, the Search-cum-Selection Committee (SCSC) has recommended the name of Director Marketing – HPCL, Amit Garg, as the new Chairman and Managing Director of Hindustan Petroleum Corporation Limited (HPCL). The file is awaiting signature at the PMO, sources added.

Earlier, in June, the Public Enterprises Selection Board (PESB) had conducted interviews for the same post but declared that none of the candidates met the required standards. Consequently, the PESB suggested that the ministry adopt an alternative process to identify a suitable candidate, leading to the formation of the Search-cum-Selection Committee.

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The selection process for the Chairman and Managing Director (CMD) of Hindustan Petroleum Corporation Limited (HPCL) took place on November 13, 2024, under the Public Enterprises Selection Board (PESB).

The position has been vacant since August 31, 2024, following the retirement of Push Kumar Joshi. Currently, Rajneesh Narang, HPCL’s Director (Finance), has been serving as the acting CMD since September 1, 2024.

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