OIL Recruitment 2020: Oil India Limited (OIL) has posted a job vacancy through the PESB for the engagement of Chairman & Managing Director (CMD). Eligible and interested candidates can apply for the job before December 1. The post will fall vacant on July 1, 2022. Sushil Chandra Mishra is the current CMD of OIL.
The CMD is the Chief Executive of the corporation and is accountable to its board of directors and government. He/she is responsible for the efficient functioning of the corporation for achieving its corporate objectives and performance parameters.
Pay scale: Rs 2,00,000 - Rs 3,70,000 (IDA)
Age Limit: Minimum age limit 45 years and age of superannuation 60 years
The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of the vacancy.
The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:-
Preference would be given to candidates from listed companies.
(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) Central Government including the Armed Forces of the Union and All India Services;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 5,000 crore or more;
(d) Private Sector in company where the annual turnover is *Rs 5,000 crore or more.
(*The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits)
Engineering graduate or Chartered Accountant or Cost Accountant or Graduate with full time MBA or PGDIM from a leading Institute.
Applicants should possess adequate experience at a senior level of management in an organisation of repute preferably in the Petroleum sector.
Note (i) Applicants from Central Government / All India Services should be holding a post of the level of Additional Secretary in Government of India or carrying an equivalent scale of pay on the date of application.
(ii) Applicants from the Armed forces of the Union should be holding a post of the level of Lt. General in the Army or equivalent rank in Navy/Air Force on the date of application.
Applicants from State Public Sector Enterprises/ Private Sector should be working at Board level position on the date of application.
Duration of the appointment
The appointment shall be for a period of five years from the date of joining or up to the date of superannuation or until further orders, whichever is earlier.
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