“The Public Enterprises Selection Board (PESB) is seeking qualified candidates for the post of chairman, Steel Authority of India Ltd (SAIL),” the government headhunter said.
The incumbent, P.K. Singh, is retiring in June next year, a company official was quoted as telling a news agency. “It is requested that names of all...
candidates seniority-wise for the said post along with their applications... may kindly be forwarded so as to reach the PESB by... December 7,” it said.
Singh had taken charge as SAIL chairman on 10 December, 2015. Prior to this assignment, Singh was the chief executive officer of SAIL’s Durgapur Steel Plant. An alumnus of IIT Roorkee in metallurgical engineering, Singh started his career at Bokaro Steel Plant in 1980. During his stint at SAIL, he brought about significant improvements within a short span at various plants.
He rose to the position of CEO, Durgapur Steel Plant, in May 2012. SAIL had till December 2016 spent a total of Rs64,562 crore on modernisation and expansion programmes, the government had said in an earlier report.
The Public Enterprises Selection Board is a high-powered body constituted by Government of India. The PESB has been set up with the objective of evolving a sound managerial policy for the PSUs and, in particular, to advise Government on appointments to their top management posts, says the website of the public headhunter.
The government has also recognised the need to develop a cadre of professional managers within the public sector. Hence, unless markedly better candidates are available from outside, internal candidates, employed in the PSE, will be preferred for appointment to Board level posts. However, if internal candidates are not available, preference will be given to candidates working in other PSEs, either in the same area of business or in other areas. Mobility of managerial personnel among PSEs within the same sector or group, failing which mobility within the public sector as a whole will be encouraged, subject to certain limitations.
To be responsible for the selection and placement of personnel in the posts of Chairman, Managing Director or Chairman-cum-Managing Director (Level-I), and Functional Director (Level-II) in PSEs as well as in posts at any other level as may be specified by the Government;
Steel Authority of India Limited is the largest steel-making PSU in India. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products. The government of India currently owns about 75 percent of SAIL's equity and retains voting control of the PSU.