No hope for Atanu or Shashi in ONGC CMD race

Vol 20, PW 12 (09 Mar 17) People & Policy

Earlier tipped as favourites, neither Atanu Chakraborty nor Shashi Shanker is likely to have any chance of winning the ONGC chairman job, finally advertised by the PESB on March 7.

Interested candidates must send CVs in by May 11. "Short-listing candidates will take a month," says a PESB source.

"Interviews will be held end-June or July." But DGH boss Chakraborty will be ineligible as the advertisement states candidates must have three years to retirement from the date of the vacancy. ONGC chairman DK Sarraf will retire on September 30, 2017 so the vacancy date is October 1.

But Chakraborty, born on April 5, 1960, turns 57 next month (April) so won't have three years left on October 1. Shanker, born on March 2, 1961, is 56 and has four years to retirement.

"But I hear his chances of becoming chairman are slim too," says an ONGC source. Other sources say Shanker's five-year term ends on December 2, 2017 and he must lobby for an extension in May.

But he might not get it given his less than exemplary track-record and this will affect his chances in the chairman interviews. Critics say Shanker is not focused on issuing rig tenders.

Instead he was in Dahej on March 7 to attend the ONGC Petro additions inauguration. On March 8 he spent "half the day" celebrating women's day, addressing workers as 'acting' chairman.

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