Hyderabad: Sumit Deb has assumed charge as Chairman and Managing Director (CMD) of NMDC Limited on Saturday. Prior to assuming the role of CMD of NMDC Limited, Deb was serving as Director (Personnel) in the same organisation. With his new charge, Deb has succeeded N Baijendra Kumar (IAS), who superannuated from the services of the corporation on July 31. He brings with him vast knowledge gathered through his extensive experience at RINL & NMDC. According to an order from the Department of Personnel & Training (DoPT), Deb has been appointed as CMD of NMDC Limited with effect from August 1, till the date of his superannuation i.e. February 28, 2023, or until further orders, whichever is earlier.
Earlier, PSU Watch had reported that Deb was recommended for the post of CMD of NMDC on February 18. He was selected from a list of eight candidates who were interviewed by the PESB selection panel. Currently, Dev is serving as Director (Personnel) in the steel ministry PSU.
As CMD of NMDC Limited, Deb will be the chief executive of the corporation and will be accountable to its board of directors and the government. He also will be responsible for the efficient functioning of the Corporation, and for achieving its corporate objectives and performance parameters.
Deb joined NMDC as General Manager (Commercial) in 2015 and was later promoted as Executive Director (Personnel & Administration). In 2019, he assumed charge as Director (Personnel) and was heading various functions of Personnel and Administration, Human Resource Development, Law, Corporate Communications, CSR, Rajbhasha and has given a new dimension to the company’s vision and objectives.
Deb is a graduate in Mechanical Engineering from Orissa University of Agriculture and Technology, Bhubaneshwar. Prior to joining NMDC Limited, he was serving Rashtriya Ispat Nigam Limited (RINL). He joined as a Management Trainee and worked with RINL for about 25 years accumulating rich and diverse experience in the steel industry. He has worked in different regions of the country, dealing with a heterogeneous mix of both external as well as internal customers and handling the domains of HR, marketing & distribution.
Deb has diverse experience in manpower & succession planning, training & development and other HR functions. He also has experience in the marketing and distribution of steel and iron ore, sponge iron, pellets and diamonds. He has proven his capabilities by achieving various milestones along his career path. He was awarded Jawahar Puruskar in the year 2007 – 08 for his outstanding performance.
Commenting on his tenure with NMDC, Baijendra Kumar, IAS, said “I was fortunate enough to be part of this dynamic and vibrant company which is on the growth path by diversifying into manufacturing and also expanding its horizons into other minerals like coal, gold, etc. I am sure that under the chairmanship of Sumit Deb, NMDC will definitely grow exponentially.”
Deb said, “Under N Baijendra Kumar’s strong leadership, we established NMDC as a clear industry leader and positioned the company for strategic diversification and continued profitable growth. I have been fortunate to have been associated with him and it has been a great learning experience. We are at the cusp of an incredible opportunity, and I am focused on driving growth and value creation. It will be an honour to lead this Navratna Company, and I look forward to continuing to execute our strategic plans and achieve our financial objectives.”
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