Butola gets approval to head IOC
New Delhi   22-Feb-2011

Ending weeks of uncertainty, oil minister S Jaipal Reddy has cleared the appointment of ONGC Videsh's managing director Ranbir Singh Butola as the chairman of IndianOil (IOC). Sources said government headhunters Public Enterprise Selection Board (PESB) had on September 29 last year, named Butola as its most preferred choice to head the nation's largest oil firm.