New Delhi: The government has appointed Arvind Kumar as the new Managing Director of Chennai Petroleum Corporation Limited (CPCL), a wholly-owned subsidiary of Indian Oil. The Appointments Committee of the Cabinet (ACC) has approved the appointment of Kumar as MD of CPCL on August 23. According to an order from the Personnel Ministry, Kumar has been appointed to the post for a period of five years with effect from the date of his assumption of charge of the post, or till the date of his superannuation, or until further orders, whichever is the earlier.
PSU Watch was the first news organisation to report when Kumar was recommended for the post of MD of CPCL by the PESB panel on May 18. He was selected from the list of eight candidates who were interviewed by the selection panel. Kumar is currently serving as Executive Director (Projects) Refineries HQ of Indian Oil, New Delhi. While CPCL's Director (Finance) Rajeev Ailawadi is holding the additional charge of CPCL's MD post.
As Managing Director (MD) of CPCL, Kumar will be the chief executive of the corporation and will be accountable to its board of directors, holding company and the government. He also will be responsible for the efficient functioning of the corporation for achieving its corporate objectives and performance parameters.
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