SAIL Gets New Chairman

Latest GK 2015: Prakash Kumar Singh was appointed as news Chairman and Managing Directions of government PSU SAIL. He was selected by Public Enterprise Selection Board in September.

He will hold the post for three years till attaining 60 years of age, as the Chairman, according to the official order, holds the post for a period of five years or superannuation, whichever is earlier.

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Singh had been serving as the Chief Executive Officer (CEO) of Durgapur Steel Plant since 2012. In July this year, he was given additional charge of CEO of IISCO Steel Plant, Burnpur (West Bengal).

An alumnus of IIT-Roorkee, Singh started his career in SAIL at Bokaro Steel Plant in 1980. He also worked at IISCO Steel Plant, Durgapur Steel Plant and Bokaro Steel Plant.

Singh took over the baton from MSME Secretary Anup Pujari who held the additional charge of SAIL Chairman till yesterday.

In June, the Maharatna PSU had said that C S Verma had relinquished the charge as Chairman and Managing Director on completion of his tenure and Steel Secretary Rakesh Singh had assumed the charge till a regular chief was appointed.

Verma was appointed CMD of the public sector undertaking (PSU) for a five-year term in June 2010 by previous UPA government and was eligible for an extension till he attained the superannuation age of 60 years in September 2019, which was not approved by the current NDA government.

After Rakesh Singh retired in September 2015, Pujari assumed the additional charge of Steel Ministry as well as the Chairman and Managing Director (CMD) of the country’s largest steel producer.