Current NTPC chairman and MD Arup Roy Choudhury’s five-year term expires on August 31, 2015. He will attain the retirement age of 60 in December this year.
The government has decided to constitute a search committee to find a replacement for Arup Roy Choudhury, chairman and managing director (CMD) of state-run NTPC.
Roy Choudhury’s current five-year term expires on August 31, 2015. He will attain the retirement age of 60 years in December this year. In an internal mail addressed to employees of NTPC on Thursday, Roy Choudhury said, “You may have come to know… that the ACC (appointments committee of cabinet) has decided to constitute a search committee to select a new CMD for NTPC.” He added that he would be at the helm of NTPC for “about three weeks more”.
In a similar move, the government had decided against granting an extension to Maharatna PSU Steel Authority of India CMD C S Verma in June. Verma was appointed in June 2010 and would have attained retirement age of 60 in September 2019.
Roy Choudhury has been CMD of NTPC since September 1, 2010. He started his career in 1979 and became the youngest chief executive of a central public sector enterprise when he took over as CMD of National Buildings Construction Corporation (NBCC) in 2001.