Government appoints Amit Misra as acting CMD of OIC for three months

The five shortlisted  senior  officials who will be interviewed are-Rekha Solanki, ED, National Insurance Company, Anjana Saxena, National Insurance Company, Chandra Iyer, GM, New India Assurance(NIA), Sanjay Joshi, GM, United India Insurance(UII), Amandeep Singh Grover, GM, NIC

New Delhi: Even as the government has appointed Amit Misra, executive director, Oriental  Insurance Company, as acting CMD of the company for three months since Mar 1, the FSIB will be interviewing five candidates to select a new CMD for the company on Friday.

The FSIB is the head hunting agency for selecting executive directors and CMDs and CEO and MDs of state owned financial institutions.

The post has fallen vacant after RR Singh retired in Feb end after completing his two-year tenure in the company.

Misra’s appointment as acting CMD has been notified on Tuesday after Appointments Committee of Cabinet(ACC) has approved the decision.

The five shortlisted  senior  officials who will be interviewed are-Rekha Solanki, ED, National Insurance Company,   Anjana Saxena, National Insurance Company, Chandra Iyer, GM, New India Assurance(NIA), Sanjay Joshi, GM, United India Insurance(UII), Amandeep Singh Grover, GM NIC.

Except, Solanki, rest are all first timers in the CMD shortlisting.

Though, the rules say only EDs, after a special cadre for EDs was created last year, are eligible for the shortlisting of eligible officials for the post of CMD, for OIC,  four GMs have been included as there  are shortage of EDs, who are having two years of residual services, a mandatory condition for any candidates to be eligible for CMD consideration.           

Normally, the government appoints CMDs of PSU insurers much before the vacancies happen but in OIC case it has been delayed.