Choubey resignation rumour grows

Vol 12, PW 19 (26 Feb 09) News in Brief

Speculation is growing that GAIL chairman UD Choubey might resign five months before his term ends to take up a new post as director general of SCOPE (the Standing Conference of Public Enterprises), a prestigious post-retirement pasture for former state-owned company chairmen.

When contacted, some GAIL insiders wondered aloud if PETROWATCH had not gone mad. “You must be out of your mind,â€‌ says an industry source.

“Why would he resign He has only five months left before he retires.â€‌ But another industry source insisted we check further and the rumour grew stronger.

“I hear that Choubey plans to resign to take up the SCOPE assignment,â€‌ he said. One reason Choubey might leave GAIL early, we hear, is because the five-year post at SCOPE is open only until April.

“He must join SCOPE by April or lose the chance.â€‌ Another says Choubey is routinely notified about possible new jobs, but doubts a resignation is imminent.