Hunt for SCI chairman to begin afresh

Last Updated: Sat, Jun 23, 2012 18:50 hrs

Shipping Corporation of India (SCI)’s headhunting exercise for chairman and managing director is set to start afresh. This follows the selection board failing to finalise any candidate among the applicants.

With a fresh deadline of July 26 for applications to be filed, the two SCI directors, A K Gupta and Sunil Thapar, can also join the race for the top post. The two directors weren’t named in the list of interviewees in the last round, as they had missed the deadline. A senior shipping ministry official told Business Standard Gupta and Thapar hadn’t applied for the post through the shipping ministry, as was the norm, and had instead, given their applications directly to the Public Enterprises Selection Board (PESB). “By the time the applications were routed through us, the last date had passed,” the official said.

The selection board had received four applications from candidates who didn’t have experience in the shipping sector — S K Acharya, director, Neyveli Lignite Corporation; T K Lahri, chairman and managing director, Bharat Coking Coal; S P Sharma, director, Telecommunication Consultants India and Manoranjan Das, director of a public sector undertaking. The decision to conduct a fresh exercise was taken after the interviews conducted by PSEB on Wednesday. Current chairman S Hajara is set to retire this December, after a one-year extension.

The shipping industry has been sailing in choppy waters, owing to oversupply in the market and falling freight rates. SCI, too, has not been financially sound, recording a net loss of Rs 428 crore in 2011-12.

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