B Ashok on 16 July 2014 took charge as Chairman of Indian Oil Corporation (IOC), the India’s largest oil firm.
His appointment was cleared by the Appointments Committee of the Cabinet headed by the Prime Minister Narendra Modi before leaving for the 6th BRICS Summit.
He was to succeed R S Butola who retired from service on 31 May 2014 on attaining superannuation age of 60 years. Since a full-time chairman was not appointed in time, R K Malhotra, Director (R&D) and senior most Director on IOC board, was given additional charge.
Malhotra retired in June 2014 and A M K Sinha, Director (Planning and Business Development) was given the additional charge.
B Ashok, Executive Director (Retail Sales) was chosen for the post of Director by the Public Enterprise Selection Board (PESB) in October 2013, but the previous UPA government could not appoint him before its tenure ended.
Ashok is a mechanical engineer from College of Engineering, Guindy, Madras University and a Post-Graduate in Management from National Management Programme of Management Development Institute.
If you have any Question/Point on the above information, please ask/discuss it in the Current Affairs Group