The government has set up a panel to select a chairman for Indian Oil Corp after giving its current chief, S M Vaidya, a rare extension after he retired in August.
“The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas for selection to the post of Chairman, Indian Oil Corporation Ltd, on immediate absorption basis, through a search-cum-selection committee as a one-time measure,” according to a government order.
