KOLKATA: The Public Enterprises Selection Board (PESB) has recommended Ansuman Das as the next chairman and managing director of National Aluminium CompanyBSE -0.40 % (Nalco). The move, which comes days after the government's 10% offer for sale in Nalco, is likely to pave the way for appointment of a full-time CMD, ending months of uncertainty at the country's leading state-owned aluminium company. Das has been acting CMD of the company since August 2012.
Nalco has been without a regular chief for nearly two years following the suspension of erstwhile CMD, AK Srivastava, on graft charges in February 2011. With the mines ministry terminating Srivastava's services on December 11, 2012, the PESB, which recommends candidates for top PSU jobs, had invited applications for the post of Nalco CMD. The last date for filing applications was February 14, 2013.
Das made the cut from among ten candidates who had applied for the job at the navratna PSU. Others in the fray included S S Mahapatra, Nalco's director (production); Avijit Ghosh, director (mining), Hindustan Copper; R Mohan Das, director (personnel& industrial relations), Coal India; Narendra Kothari, executive director, Steel Authority of IndiaBSE -1.46 % Limited; TK Lahiry, CMD, Bharat Coking Coal Limited. In the last few years, Nalco's top post has been riddled with controversies, with successive CMDs falling prey to corruption charges. In February 2011, A K Srivastava, then CMD, was chargesheeted by the Central Bureau of Investigation (CBI) and eventually removed form the top job. He was succeeded by B L Bagra, director (finance) as acting CMD. In August 2012, Bagra faced allegations of corruption and subsequently stepped down. However, he was later reinstated as director finance. Earlier, C Venkatramana erstwhile CMD, had to step aside and his position was taken by C R Pradhan who retired as acting MD.