New Delhi: Rakesh Kumar Jain is set to be the next Director (Finance) of GAIL (India) Limited. He has been recommended for the post by the Public Enterprises Selection (PESB) board panel on Friday. He is currently serving as Executive Director (F&A) in the same company. The Director (Finance) post in GAIL will fall vacant on December 1. Currently, Anjani Kumar Tiwari is serving as Director (Finance) of GAIL.
Jain has been selected for the post of Director (Finance) of the Maharatna PSU from the list of nine candidates, who were interviewed by the selection panel. There were a total of five candidates including Jain, who were from GAIL and one each from Brahmaputra Cracker and Polymer Ltd (BCPL), Container Corporation of India Limited (CONCOR), HLL Lifecare Limited and Pashchim Gujarat Vij. Co. Ltd. (PGVCL).
Jain is a Certified Management Accountant (CMA) of the Institute of Cost Accountants of India (ICMA). He is also posted as an Additional Director on the Board of Indraprastha Gas Limited (IGL).
As Director (Finance) of GAIL, Jain will be a member of the board of directors and will report to the Chairman and Managing Director (CMD). He will be overall in charge of finance and accounts of the organisation and will be responsible for evolving and formulating policies relating to finance & accounts in alignment with goals and objectives of the company as well as implementation.
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