New Delhi,14-August-2024: A new turn has emerged in the selection process for the Chairman and Managing Director (CMD) of Indian Oil Corporation Limited (IOCL), a company that touches new heights with public shareholder money and is part of the Fortune 500 league.
Sources have revealed that apart from the two names that were widely discussed for taking over the reins of the post of CMD of IOCL, there is speculation that some other name may also be discussed.
According to informed sources, the top leadership seems to be in a mood to look for alternative candidates. Perhaps that is why the name of any candidate has not been announced yet. This development is becoming a challenge for the prestigious post of CMD.
So, the question arises, who next? After a thorough search, it has come to light that during the previous selection process for CMD, not everyone on the search committee was on the same page. Sources indicate that despite efforts by top officials and experts, they could not make their preferred candidate the CMD. Now, the trend suggests that the name of the candidate who was discussed for 45 minutes is emerging as the front-runner for IOCL’s CMD position.
IOCL’s High-Level Sources Inform NewsIP
IOCL’s high-level sources have informed NewsIP that all members of IOCL’s board are eagerly awaiting their new chief, whoever it may be. As of the time of writing this news, no official announcement has been made regarding the selection of the new CMD.