The board of Oil and Natural Gas Corporation (ONGC) is being revamped by merging two directorships into one and creating a new position of director for corporate affairs in an attempt to breathe fresh life into the state-owned behemoth that is increasingly looking beyond oil and gas, sources said.
ONGC board presently has six directors for exploration, onshore operations, offshore operations, finance, human resources, and technical and field services. It used to be headed by a chairman and managing director.
The government earlier this month appointed Arun Kumar Singh, who had recently retired as head of the oil refining and fuel marketing company BPCL, as the chairman of ONGC but not as its managing director.
