Narendra Kumar Verma was on Wednesday selected to head ONGC Videsh ltd, India's flagship overseas oil and gas assets acquisition firm. Verma, 55, is currently Director for Exploration in OVl's parent company, Oil and Natural Gas Corp (ONGC).
The Public Enterprises Selection Board (PESB), which is the government head-hunter, interviewed seven candidates for the post, which fell vacant after Dinesh K Sarraf was elevated as Chairman and Managing Director of ONGC.
"PESB recommended the following name for the post of Managing Director, ONGC Videsh limited (OVl): N K Verma," it said in a posting after interviews on Wednesday.
OVl has interests in 33 oil and gas assets in 17 countries and contributes to 12 per cent and 7 per cent of India's oil and natural gas production, respectively.