Description

Public Enterprise Selection Board (PESB) has appointed Amit Kumar as Chairman & Managing Director (CMD) of AI Assets Holding Limited (AIAHL), a Schedule 'B' Public Sector Undertaking. Kumar, who is now the Executive Director and Asset Manager at ONGC, was picked above seven other contenders. His appointment is pending clearance and approval from the Appointments Committee of the Cabinet (ACC). This move shows ongoing attempts to fill important leadership positions within PSUs, as indicated by the PESB's recent advertising for a number of vital posts across multiple organizations.

Current Roles And Selection Process

Amit Kumar is the Executive Director Asset Manager of ONGC, especially in Jorhat. His appointment followed a competitive interview procedure performed by PESB, which examined seven candidates. Kumar will take over as CMD of AIAHL, which is now vacant, subject to the necessary permissions.

Vacancies At Other PSUs

In addition to Kumar's appointment, the PESB has announced numerous other major openings. These include the job of Director (Technical) at NHPC Ltd, which has been vacant since August 8, 2024, with applications accepted until November 11, 2024. Other job openings include Director (Production & Marketing) at Mishra Dhatu Nigam Ltd (MDNL) and Director (Way & Works) at Konkan Railway Corporation Ltd (KRCL), with application deadlines of November 4 and 11, 2024.

Role Of AI Assets Holding Limited

AI Assets Holding Limited is a Special Purpose Vehicle (SPV) created up by the Government of India to provide unified asset holding services, as stated in its Memorandum of Association. Kumar's leadership is expected to successfully push AIAHL toward these goals.

AI Assets Holding Limited's Key Points

• Type: Schedule 'B' Public Sector Undertaking (PSU) in India.

• Established: as a Special Purpose Vehicle (SPV) by the Government of India.

• The objective: is to provide unified asset holding services as defined in the Memorandum of Association.

• Amit Kumar has been appointed as the next Chairman and Managing Director (CMD), subject to approvals and approval.

• Current Status: The CMD job was empty prior to Kumar's appointment by the Public Enterprise appointment Board (PESB).

• Role: AIAHL is responsible for managing and optimizing asset holdings to ensure optimal service delivery.

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