In-charge Chairman and Managing Director (CMD) of BEML P. Dwarakanath has been selected to head the public sector undertaking as CMD by the Public Enterprises Selection Board (PESB).
Mr. Dwarakanath, also Director (Metro and Rail), is the senior-most director and was the frontrunner for the post. His is the only name recommended by the PESB, which has to be approved by the Union government.
He has been officiating as the in-charge CMD of BEML since V.R.S. Natarajan was placed under suspension on June 11 by the Ministry of Defence following recommendation by the Central Bureau of Investigation (CBI) that is probing the charges of irregularities in the supply of Tatra trucks to Indian Army and other cases.
Mr. Dwarakanath is likely to take charge on October 1 and will have tenure of five years or till his superannuation. “Since Mr. Natarajan’s tenure is up to September 30, Mr. Dwarakanath will continue to be in-charge till that time and take over as full-time CMD from October 1,” sources said.