Tuesday, December 1News That Matters

For PESB, it’s a difficult job filling prime slots in Shipping Corp, BPCL

The Public Enterprises Replacement Board (PESB) on Thursday picked BK Tyagi for the post of Director (Liner and Passenger Services) at Shipping Company of India Ltd.

Tyagi, at the second a general manager, was selected from a panel of six quick-listed interior candidates interviewed by the authorities’s head-hunter, per the PESB.

The post of Director (Liner and Passenger Services) will drop vacant in November when the incumbent superannuates.

Nonetheless, the PESB couldn’t salvage any correct candidate to fill the important thing post of Director (Finance) at India’s finest shipping company, which has been lying vacant for the explanation that earlier Finance Director Mrs HK Joshi took over as the chairperson and managing director of the ‘navratna’ company on December 19 closing 12 months.

The Shipping Ministry, which controls the corporate, had requested Joshi to defend extra price of finance director till a frequent appointment is made or unless extra orders, whichever is earliest.

The PESB interviewed two candidates for the post of finance director on August 24 but didn’t imply any candidate for the post. Both the candidates had been non-SCI personnel.

It told the administrative ministry to “salvage a suitable course of extra motion for decision including search-cum-decision-committee or as deemed acceptable with the approval of the competent authority”.

‘Execrable succession conception’

The PESB will furthermore defend interviews for the post of Director (Personnel and Administration) on September 2. This post will furthermore drop vacant one day in December/January.

“The absence of qualified interior candidates for the post of finance director demonstrates unfavourable succession planning by the corporate,” said a authorities decent briefed on the conception.

The PESB had invited capabilities for the post on April 1, which disqualified no longer no longer up to 2 general managers of the corporate who would hold otherwise made it to the shortlist.

These two officers had been promoted as general managers in April 2019. A general manager-stage officer must hold done no longer no longer up to 1 12 months in that role earlier than she/he can apply for the post of an decent/purposeful director, per recommendations.

Eligible candidates from varied PSUs would hold shied a long way from applying in look of the planned privatisation of shipping company, the authorities decent said.

PESB’s transfer to interview candidates to fill key director-stage posts in SCI is furthermore in piquant distinction with an absence of urgency in picking a novel chairman and managing director as properly as director (refineries) for ‘Maharatna’ Bharat Petroleum Company Ltd (BPCL) who will superannuate on August 31.

The authorities has sought expressions of passion for selling its entire stake in the oil marketing and refining company. The EoI for SCI is but to be issued.

“There might be entire confusion internal the authorities on filling key posts in privatisation-sure PSUs. Without chunky-time decent/purposeful directors in key roles, these firms would suffer if the privatisation course of drags,” the authorities decent said.

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