CITU concerned at absence of regular ONGC Chief Executive

New Delhi, Feb 7 (UNI) The Centre of Indian Trade Unions today expressed concern over spectre of uncertainity caused by the absence of a regular Chief Executive of Oil and Natural Gas Corp, country's flagship company and a leading 'navaratna' Public Sector Undertaking.

CITU was shocked that the government, that otherwise did not lose any opportunity to undermine PSUs, could not decide a successor to fill the post of Chairman-cum-Managing Director for nine months since May 2006, a statement said quoting its president M K Pandhe.

The government for inexplicable reasons had no proper plan for ONGC, the highest dividend paying PSU that was going for massive modernisation for venturing into frontier areas of exploration, it said.

''This was the height of adhocism shown by the government.'' CITU demanded the government to come clean on the issue and appoint a regular CMD at the earliest to allay apprehensions that behind government's indecision was a deeper motive to destabilise ONGC in the interest of multi-national corporates working in the field.

UNI