On 1st April 2021, the Appointment Committee of the Cabinet(ACC) approved the appointment of Padma Shri Mallika Srinivasan, Chairman and Managing Director(CMD) of Tractors and Farm Equipment (TAFE), India’s 2nd and World’s 3rd largest tractor manufacturer, as the Chairperson of the Public Enterprises Selection Board(PESB), which is responsible for the appointment of top management posts in Central Public Sector Enterprises(CPSEs).
- This is the first time where a private sector specialist was appointed as the head of PESB.
- She will serve as the Chairperson of PESB for a period of 3 years or until the attainment of the age of 65 years.
- She has taken up the position which was previously held by Rajiv Kumar, Former Finance Secretary from 1st May to 31st August 2020.
About Mallika Srinivasan:
i.Mallika Srinivasan is on the board of AGCO Corporation – USA and TATA Steel Limited.
ii.She is also a member of the Global Board of US-India Business Council (USIBC), BRICS Women’s Business Alliance (BRICS WBA) and Executive Board of Indian School of Business (ISB) – Hyderabad.
Mallika Srinivasan received the Padma Shri in 2014 for Trade and industry.
i.Sailesh, a 1985 batch IAS officer was appointed as a member of PESB for a period of 3 years or until attaining the age of 65 years.
ii.He is currently serving as the Secretary of the Department of Public Enterprises who was due to superannuate in September 2021.
PESB consists of 1 chairperson and 3 members, apart from Sailesh the other 2 members are, MK Gupta and Rear Admiral Shekhar Mital(retd).
Recent Related News:
The Ministry of Labour and Employment has appointed SN Subrahmanyan, the CEO and Managing Director(MD) of Larsen & Toubro Limited (L&T Ltd) as the new Chairman of National Safety Council(NSC).
About Public Enterprises Selection Board(PESB):
PESB is under the Ministry of Personnel, Public Grievances and Pensions.
Chairperson– Mallika Srinivasan
Head office– New Delhi