IOC speculation begins over B. Ashok successor

Vol 19, PW 26 (08 Sep 16) People & Policy

Less than a year from now B.

Ashok retires as IndianOil chairman on May 31, 2017 and speculation over his potential successor has begun. Interviews to find his replacement are expected next month in September or possibly October with two names high on the list of favourites: Sanjiv Singh, director refineries; and Biswajit Roy, a former executive director at IndianOil, who today holds the HR and BD director position at Oil India.

At the PESB officials are busy trimming down the list of candidates eligible for interview. "The file with candidate names is still with the (PESB) members," reports a source.

"A list of 15 candidates will be approved and invited for interview." Singh, in his post since July 1, 2014, is the clear front-runner with one source confident he will win. "Singh has more than two years Board experience," we hear.

"He's also credited with commissioning the (much-delayed) Paradip refinery." Singh however faces a strong challenge from Roy, who joined Oil India from IndianOil in May 2015. "Roy wants to return to IOC," reports an IOC source.

"He has spent more than a year at Oil India and has hands-on BD experience." Also a likely contender is GK Satish, who took over as IOC director BD on September 1 as the youngest member on the Board.

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