EIL board to get a fresh look with four new faces

Vol 13, PW 6 (27 Aug 09) People & Policy

Engineers India will soon have four new faces on its board.

“Almost the entire board will change in the next few months,â€‌ says a company source. “Only the director technical (MK Joshi) will stay, but he too retires at the end of next year (2010).

â€‌ First to take charge will be AK Purwaha as CMD, replacing Mukesh Rohatgi who retires on October 1. Interviews to select a chairman were conducted twice on the orders of oil secretary RS Pandey, which came as a blessing for Purwaha who applied, and won.

After Purwaha will come a new director finance, whose post is vacant since December 23, following the surprise resignation of DS Chakrabarti, who held the post for seven years. Chakrabarti was seen as the most eligible contender for the chairman post but his abrupt resignation changed the game.

On May 28, the PESB began looking for Chakrabarti’s replacement and anyone interested had until July 30 to apply. Thirty-four have applied and short-listed candidates will be called for interviews after September.

Ram Singh, executive director at the Petroleum Planning and Analysis Cell and Sudershan Gupta, executive director finance at Engineers India are the most promising candidates. “Ram Singh wants to get out of the PPAC,â€‌ says a source.

“He is trying hard.â€‌ By contrast Gupta, like former director finance Chakrabarti, has no powerful connections - crucial if you want to sit on the board of a state owned company.

“He (Gupta) enters his room in the morning and leaves in the evening,â€‌ adds a source. “He hardly interacts with anyone, not even colleagues.

â€‌ Two other key posts soon to be vacant are of director personnel and director commercial. DK Gupta became director personnel on October 1, 2006 but retires on January 31, 2010 after a career spanning close to 38 years.

Anyone interested in replacing him must apply by October 12. RK Saxena became director commercial on January 1, 2007 but retires on May 31, 2010.

Anyone interested in replacing him must apply by October 15.

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