Rural Electrification Corporation Ltd has informed BSE that the Ministry of Power (MoP), Government of India, vide Order dated November 29, 2011 had appointed Shri Rajeev Sharma as Chairman and Managing Director of REC for a period of 5 years or until further orders, whichever is earliest. Further, MoP, vide Order dated May 18, 2016 had conveyed the appointment of Shri Rajeev Sharma as CMD of Power Finance Corporation Limited (PFC) w.e.f. October 01, 2016. Accordingly, Shri Rajeev Sharma has relinquished the charge of CMD, REC to join PFC & ceased to be CMD of REC w.e.f. October 01, 2016.
Further, the Ministry of Power, Government of India vide its Order dated September 30, 2016, has assigned the additional charge of the post of Chairman and Managing Director, REC to Shri B. P. Pandey (IAS - UK: 1983), Special Secretary in the Ministry of Power, Government of India w.e.f. October 01, 2016 for the period of 3 months i.e. October 01, 2016 to December 31, 2016 or until further orders, whichever is earlier.
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