Butola set to take over as new Chairman of IOC
New Delhi   28-Feb-2011

The government has appointed ONGC Videsh Managing Director Ranbir Singh Butola as the new chairman of IndianOil (IOC). The Cabinet Committee on Appointments (ACC) has approved Butola's appointment as the head of the nation's largest oil firm. “The Department of Personnel has communicated the ACC decision and now now the petroleum ministry will issue a formal order appointing Butola as IOC chairman,” an official said. The oil ministry is likely to send out a formal order on Monday.