NK Verma tipped as new MD of OVL

Vol 17, PW 15 (13 Mar 14) News in Brief

Most people at OVL expect NK Verma, 55, to return to the company as its next managing director.

Mild-mannered and affable, Verma is widely praised for his technical knowledge and held the OVL director exploration post for a year before moving to ONGC, also as director exploration. Other strong contenders for the MD post are ONGC director (technology and field services) Shashi Shanker, 53, and OVL director finance SP Garg, 57, who took charge as interim MD at OVL last week after DK Sarraf moved to ONGC as chairman.

"Garg has an edge because he’s getting experience as interim MD," says an OVL source. On March 6, the PESB began searching for the next OVL managing director.

Interested candidates must send CVs to the PESB by April 25. OVL insiders expect PESB interviews by June 2014.

Several executive directors, group general managers and general managers at ONGC and OVL are also expected to apply.

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