The incumbent CMD of Rural Electrification Corporation Rajeev Sharma has been selected for the post of CMD, Power Finance Corporation in a selection interview held today (18 January 2016). As many as 13 candidates appeared before Public Enterprises selection Board. PESB will recommend Sharma’s name to ACC for ratification shortly.
The post will fall vacant on September 30, 2016 when M K Goel will demit office on completion of retirement age. Goel took over as CMD on January 22 last year.
Rajeev Sharma will complete five years tenure as REC CMD on October 31 this year. His age is on his side and has four years in hand to attain retirement age.
If everything goes well in terms of requisite clearances Rajeev Sharma will succeed M K Goel on November 01, 2016 and will have complete four years to serve as PFC CMD.