Shrikant Madhav Appointed as Chairman of Indian Oil Corporation – Srikant Madhav Vaidya to be new chairman of IOC, tenure to be greater than three years
Srikanth Madhav Vaidya would be the new chairman of the nation’s largest oil firm Indian Oil Corporation (IOC). The Appointments Committee of the Cabinet has additionally authorized the appointment of Vaidya. Srikanth Madhav will take cost on July 1. His time period might be until 31 August 2023.aidya was chosen by the Public Sector Selection Board (PESB) final 12 months. Vaidya is presently a Director (Refinery) at IOC. He was chosen after interviewing 5 PESB candidates. It included 4 IOC administrators. Apart from Vaidya, it had Director (Finance) Sandeep Kumar Gupta, Director (HR) Ranjan Kumar Mohapatra and Director (R&D) SSV Ramkumar.part from this, the chief director of the corporate Rahul Bhardwaj additionally attended the interview. Vaidya (56) joined the IOC board of administrators in October and can succeed Sanjeev Singh, who’s retiring in June subsequent 12 months. Madhav’s time period might be barely greater than three years and ends in August 2023. At that point, he might be 60 years outdated.