New Delhi: The Public Enterprises Selection Board (PESB) has recommended Devendra Kumar for the position of Director (Finance) at Mangalore Refinery and Petrochemicals Limited (MRPL). Kumar, currently serving as Group General Manager (Finance & Accounts) at Oil and Natural Gas Corporation (ONGC), emerged as the top candidate following a rigorous selection process.
The PESB conducted its 95th selection meeting on December 6, evaluating 11 candidates for the role. Among them, five were from MRPL, two from ONGC, and one each from Indian Oil, Numaligarh Refinery Limited (NRL), Hindustan Steelworks Construction Limited (HSCL), and GAIL (India) Limited. Kumar’s extensive experience in financial management and his current role at ONGC likely played a key part in his selection.
The Director (Finance) role at MRPL is a critical position, involving oversight of the company’s financial strategy and performance. This recommendation by PESB is subject to final approval by the Appointments Committee of the Cabinet (ACC), which will formally confirm Kumar’s appointment.
MRPL, a subsidiary of ONGC, is a major player in India’s oil refining and petrochemicals sector, operating under the Ministry of Petroleum and Natural Gas. The Director (Finance) role is central to managing the company’s financial operations amidst evolving challenges in the energy sector.
The appointment comes at a time when MRPL is focusing on enhancing operational efficiency and navigating challenges in the evolving energy landscape. This decision highlights PESB’s focus on appointing experienced professionals to key roles within public sector undertakings (PSUs). Kumar’s recommendation underscores the board’s emphasis on expertise and financial acumen for steering MRPL’s growth and sustainability.
Discussion about this post