IOC chairman Butola may get extension

Written by Press Trust of India | Greater Noida | Updated: Jan 15 2014, 09:29am hrs
With the government giving BHEL chairman B Prasada Rao a two-year extension, Indian Oil Corp (IOC) chairman R S Butola may be the next in line to get a post-retirement service extension as his case is similar to that of Rao's.

Like Rao, who was last month given an extension as the government headhunter PESB-selected candidate Prakash Chand lacked board-level experience, Butola's successor too is an executive director with no board-level experience.

"Considering that the government made a conscious decision in case of Rao and considering that its policy is consistent in all cases, I think Butola should get an extension," a senior oil ministry official said.