B Ashok, Executive Director (Retail Sales) at Indian Oil Corporation (IOC), has been approved by the Public Enterprises Selection Board (PESB) to head the company from June 2014 when the present head, R. S. Butola, will demit office.

His name will now go to the Petroleum Ministry, which after getting clearances from anti-corruption watchdog Central Vigilance Commission and the Central Bureau of Investigation, will forward it to the Cabinet Committee on Appointments for final ratification. —Special Correspondent