In a first, private sector CMD to head board to pick PSU brass

CHENNAI: Signalling an overhaul of the appointments process for public sector companies, the government has opted to appoint a private sector representative to head the Public Enterprises Selection Board (PESB).

Prominent businesswoman Mallika Srinivasan, chairman and managing director of tractor major TAFE, has been appointed as chairperson of PESB for three years, or till she turns 65.

The government also notified the appointment of public enterprises secretary as a member of PSEB.


When contacted, Srinivasan said: “It is an honour to be given this opportunity to serve in national interest… The public sector plays a crucial role in every sphere of economic activity and in the strong economic growth of our country. It is the largest employer in the country. I am privileged to be a part of the team working towards the fulfilment of our national vision of making India the most vibrant economy globally.”