GAIL director finance race

Vol 13, PW 25 (03 Jun 10) News in Brief

GAIL is looking for a new director finance to replace RK Goel when he retires at the end of February next year.

The Public Enterprises Selection Board advertised the position on April 13 inviting CVs by June 11. Company sources suggest the following six internal candidates are likely to apply: executive director (internal audit) PK Jain, executive director (finance) RK Sharma, and finance department general managers LR Gupta, BL Jain, Subir Purkyastha and RK Gupta.

“PK Jain is the most senior,” says a GAIL source. “But LR Gupta is Goel’s favourite.

” Former GAIL employee Ajay Garg is also said to be a strong candidate. Garg has been working as director finance with the National Building Construction Corporation since April 2007 but former friends within GAIL say he wants to return to the fold.

Current director finance RK Goel completes his five-year term on October 31 this year but is likely to secure an extension until he reaches the mandatory retirement age of 60 next February.

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