In a 1st, oil PSU will get its chief from personal sector

NEW DELHI: The Centre on Friday appointed Vikas Kaushal, former India head of administration consultancy agency Kearney, as chairman of state-run Hindustan Petroleum Company Ltd (HPCL).
Kaushal turns into the primary individual from the personal sector to be appointed as the pinnacle of a state-run oil firm, indicating govt’s try to usher in exterior expertise by means of lateral entry at a time when the vitality world is witnessing a paradigm shift.
A chemical engineering graduate from Panjab College and MBA from IIM-Ahmedabad, Kaushal will succeed Push Kumar Joshi, who superannuated on Aug 31 final yr. Kaushal has publicity to the working of world and home oil trade as Kearney’s international chief for vitality and course of industries. He’s the one Indian to have been elected to Kearney’s international board for 2 phrases, the utmost restrict.
PESB, the government headhunter, had in June final yr rejected all of the eight candidates interviewed for the HPCL prime submit, leaving it to the government to resolve on an appropriate plan of action to fill the emptiness.