New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of Rajiv Kumar as Chairperson of Public Enterprises Selection Board (PESB) on Wednesday. According to an order issued on April 29, Kumar has been appointed on the post for a period of three years from the date of assumption of charge of the post or until further orders, whichever is earlier.

Rajiv Kumar is a 1984-batch Indian Administrative Service (IAS) officer of Jharkhand cadre. He is former Secretary of the Ministry of Finance.

Rajiv Kumar's Profile

Rajiv Kumar is a 1984-batch Indian Administrative Service (IAS) officer of Jharkhand cadre. He is former Secretary of the Ministry of Finance. He has served various important positions in the Centre as well as in the state government. Kumar is credited with ushering in multiple reforms in the banking sector and providing a record amount of capital infusion in public sector banks.

Kumar holds a PhD from the Lucknow University and a D.Phil. in Economics from Oxford University. He has a Bachelor's Degree from St. Stephen college of Delhi University. He also did a Bachelor's in Law (LLB) and a PG Diploma in Management from IGNOU.

Public Enterprises Selection Board (PESB)

The Public Enterprises Selection Board (PESB) is a high powered body constituted by the government. The PESB has been set up with the objective of evolving a sound managerial policy for the Central Public Sector Enterprises (CPSEs) and, in particular, to advise the government on appointments to their top management posts. The board is responsible for the selection and placement of personnel in the posts of Chairman, Managing Director (MD) or Chairman-cum-Managing Director (CMD) (Level-I), and functional Director (Level-II) in PSEs as well as in posts at any other level as may be specified by the government.