Petronet-LNG looks for new dir. fin

Vol 20, PW 13 (23 Mar 17) News in Brief

A hefty annual salary of Rs70 lakhs ($107,000) plus benefits awaits whoever wins the powerful role of Petronet-LNG director finance.

A Petronet-LNG source says it is aiming to hold interviews next month (April) after receiving online job applications by the March 21 deadline. "So far we don't know how many have applied," he said on March 21.

"It will become clear only on March 22." Not only does the director finance handle all economic matters at the company which clocked total revenue of Rs27,303cr ($4bn) in 2015-16 but he is also in charge of commercial matters and will deal with LNG sellers. Present director finance RK Garg retires on July 20, 2017.

Only one internal candidate is expected to apply: Pankaj Wadhwa, senior vice-president (finance) who has been working with the company since April 2012. Some speculate that Wadhwa could follow in the footsteps of Garg who was himself vice-president (finance) before becoming director on July 20, 2011.

Candidates from promoter companies ONGC, GAIL, IndianOil and Bharat Petroleum might also have applied.

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