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Who has been recommended by the Public Enterprise Selection Board (PESB) as the new Chairman and Managing Director of Power Finance Corporation (PFC)?
A)
Sailesh
B)
Soma Mandal
C)
Parminder Chopra
D)
Mallika Srinivasan

Correct Answer :   Parminder Chopra


The Public Enterprise Selection Board (PESB) has recommended the name of Parminder Chopra to succeed as the next Chairman and Managing Director (CMD) of India’s largest NBFC by networth (all reserves), Power Finance Corporation (PFC).

* Chopra will be the first woman to be appointed as the Chairman and Managing Director (CMD) of the Maharatna company. Her name was recommended by the PESB on Monday (8th May 2023).

* She has been with the company since 2005 and has been serving as the Director (Finance) and CFO since 2020, as well as a member of the board of directors, said the non-banking financial company (NBFC) for the power sector.

* Chopra holds a Bachelor’s degree in Commerce and is a qualified Cost Accountant and MBA and has over 35 years of experience in the power sector, including the National Hydroelectric Power Corporation of India (NHPC) and the Power Grid Corporation of India (PGCIL).

* In her new role as CMD, Chopra will be responsible for driving the strategic initiatives at PFC, spearheading the organization’s growth trajectory, and further strengthening its position as a leading Maharatna PSU.

* Her extensive experience in project financing and infrastructure development, coupled with her visionary leadership, is expected to propel PFC to new heights of success.

* The selection of Chopra as the CMD sets a new precedent for women professionals in the nation and serves as a source of inspiration for many emerging leaders.

Source : The Hindu Businessline

Published On : May 10, 2023
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