Government-headhunter PESB on Monday selected the next chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), in signs that the privatisation of the state-owned oil refining and marketing firm may be delayed.
The government had kept the position of chairman and managing director vacant after D Rajkumar retired in August last year. It was thought that the government wants the new management to be named after the new management takes over after the privatisation of BPCL.
The newly revamped Public Enterprise Selection Board (PESB) on Monday interviewed prospective candidates and selected Arun Kumar Singh for the position, the headhunter said in a notice.
