The Government has reappointed A K Sharma as the Director (Finance) of Indian Oil Corp (IOC) - a first under Prime Minister Narendra Modi when a PSU director has been reemployed in the same position after retirement. Sharma, who superannuated as Director (Finance) of IOC on January 31, has been appointed for three months in the same position, IOC said in a regulatory filing.
The reappointment is with effect from February 18, the company said without giving reasons for the reemployment. Officials said Sharma, who as the finance head of IOC was also in charge of pricing of petrol, diesel and other fuels, has been reemployed keeping in mind the impending general elections.