The Appointment Committee of the Cabinet approved the appointment of Padma Shri Mallika Srinivasan as the Chairperson of the Public Enterprises Selection Board (PESB).
She is the Chairman and Managing Director (CMD) of Tractors and Farm Equipment (TAFE).
TAFE is the India’s 2nd and World’s 3rd largest tractor manufacturer.
Public Enterprises Selection Board is responsible for the appointment of top management posts in Central Public Sector Enterprises (CPSEs).
Note
This is the first time where a private sector specialist was appointed as the head of PESB.
She will serve as the Chairperson of PESB for a period of 3 years or until the attainment of the age of 65 years.
She has taken up the position which was previously held by Rajiv Kumar, the Former Finance Secretary.