Rakesh Singh takes charge as new SAIL Chairman

Rakesh Singh, IAS, Secretary, Government of India, Ministry of Steel has taken additional charge of the post of Chairman, Steel Authority of India Limited (SAIL) on Thursday. Singh is a 1978 batch officer of Punjab cadre. 

He has the experience of public sector management in the State of Punjab of about 13 years as a Chief Executive. He has also served on the boards of banks, insurance companies and financial institutions. He is currently the Secretary in the Ministry of Steel, Government of India and is involved in policy making at the highest level. 

Rakesh Singh is a graduate in science and a <g data-gr-id="19">post graduate</g> in history from the University of Allahabad. He also holds a <g data-gr-id="20">post graduate</g> degree in economic and social sciences from the University of Manchester. 

Meanwhile, SAIL said C S Verma has relinquished the charge as Chairman and Managing Director on completion of his tenure and Steel Secretary Rakesh Singh has assumed the charge till a regular incumbent is appointed. Verma was appointed CMD of the country’s largest steel producer for a 5-year term in June 2010 by the previous UPA government, and was eligible for an extension till he attained the superannuation age of 60 years in September 2019. The government’s not extending his tenure to the top job makes him the first ‘Maharatna’ PSU head to be denied an extension during the current NDA regime. “Consequent upon completion of his tenure and in pursuance to Ministry of Steel Order dated June 10, 2015, Verma has relinquished the charge of CMD of SAIL w.e.f. June 10, 2015 (A/N),” Steel Authority of India said in a BSE filing.