Age is wisdom - PNGRB scouts for PSU retirees

Vol 27, PW 12 (13 Jun 24) People & Policy

Faced with an increasing workload, the PNGRB is on a mission to recruit more retired veterans from state-owned oil PSUs as principal consultants.

"Bringing in more professionals is good not only for the PNGRB but for the entire industry," says a gas sector source. "Their experience will help greatly."

In March 2024, the PNGRB hired two retired executive directors: GAIL executive director (gas marketing) Sunit Verma and former IndianOil executive director Arvind Kumar. "Verma is an LNG veteran and has a global view," we hear.

From February 2018 to March 2022, Verma was the president and CEO of GAIL Global (USA) based in Houston. He retired in November 2023.

Kumar has more than five years of experience at the PNGRB. Seconded from IndianOil, he was the additional advisor at the PNGRB from April 2015 to July 2020.

After retirement in 2023, Kumar became the CEO of Vimal Fire Controls, a Mumbai-based fire safety company. Both Verma and Kumar were selected after they responded to a PNGRB advert published on December 15 (2023).

In the advert, the PNGRB said it would appoint such principal consultants for three years with six months probation and a monthly salary of Rs250,000 ($3000) with a 10% increase every year. Eligible candidates must have a graduate degree in engineering, an MBA in marketing, a Master's degree in science, economics, operations or research or an equivalent degree from a recognised institution.

Separately, PNGRB joint advisor (admin) Pawan Kumar Uniyal sent out an order on May 29 (2024) detailing the work allocation between the three members and the chairman. Chairman AK Jain will look after administration and strategic planning; Member-I Gajendra Singh will handle authorisation and technical; and Member-II AK Tiwari will handle commercial.

Newly-appointed Member-III, A Ramana Kumar, who joined on May 29 (2024), will supervise monitoring, statistics and consumer protection. "Assigning numbers to members is a new practice," explains a PNGRB source.

"Earlier, they were known as member (authorisation) or member (commercial)." Now only the Member Legal will be known as such.