Govt appoints Rajesh Kumar Srivastava as interim chief at ONGC

Rajesh Kumar Srivastava will be the new chairman at ONGC NSE -2.92 %, the third interim chief the government has appointed in 17 months at the country’s largest oil and gas producer as a full-time head is yet to be finalised. The government also appointed M V Iyer as the interim chairman at GAIL following the retirement of the incumbent.

ONGC has been without a full-time chief since Shashi Shanker retired as chairman and managing director (CMD) in March 2021. Since then, the senior-most director on the board at the time of vacancy assume the additional charge of CMD.