By Z A Ansari: Mumbai: The appointment of a new Chairman and Managing Director (CMD) for Bharat Petroleum Corporation Limited (BPCL) has sparked intense discussions in the corporate world. The tenure of the current CMD, G. Krishnakumar, is set to end on April 30, 2025, but the Public Enterprises Selection Board (PESB) has failed to appoint a new candidate in time. This delay has prompted corporate veterans to question the efficacy and transparency of the selection process.
Questions Surrounding PESB’s Functioning
Corporate experts are raising concerns that PESB’s failure not only impacts BPCL but also undermines the credibility of the entire public sector. Despite a pool of experienced candidates, why has PESB been unable to select a single suitable candidate? Is there a lack of transparency in the selection process, or are there other underlying reasons? These questions are now the talk of corporate circles.
Why Surana’s Repeated Inclusion?
Following PESB’s failure, a Search-cum-Selection Committee (SCSC) was formed, which once again includes a former CMD of Hindustan Petroleum Corporation Limited (HPCL) as an expert member. The corporate world is abuzz with the question: why is the same individual repeatedly appointed to selection committees? Is there a shortage of petroleum sector experts in the country, or is this recurring inclusion part of a larger coordination? This pattern is raising doubts about the fairness of the selection process.
BPCL’s Role and the Need for Leadership
BPCL plays a crucial role in India’s energy security. Its fuel stations, Bharatgas, and MAK Lubricants cater to over 80 million households and more than 8,000 industrial units. Recent innovations, such as the ₹90 crore biogas plant in Yamunanagar and a hydrogen-powered VTOL aviation system, highlight BPCL’s progressive strides. With G. Krishnakumar’s tenure ending, the timely selection of a capable leader is more critical than ever.
What Lies Ahead?
Experts believe that the government and PESB need to address this delay and ensure transparency and diversity in the selection process to prevent such situations in the future.
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