News > ONGC without a chairman as Subhash Kumar retires; no replacement appointed
ONGC without a chairman as Subhash Kumar retires; no replacement appointed
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Business Standard | 01/01/2022 07:05 PM | Click to read full article
India's most valuable public sector firm by market capitalization ONGC on Saturday became a company with no chairman and managing director after incumbent Subhash Kumar superannuated and the government did not name his replacement.
As per practice, the government appoints a replacement of a director or chairman on any public sector board at least a couple of months before his retirement.