Business

Railway Board restructuring gets green flag

TIL Desk/Business/New Delhi/ The Railway Board got its first CEO after the government approved its restructuring and gave additional responsibility of the post to chairman Vinod Kumar Yadav. The corporatisation plan was part of a proposal cleared by the Cabinet in December 2019 for making the 115-year-old board leaner by cutting its strength from eight to five.

The board will now be headed by Yadav as chairman and CEO, and will have four others – Pradeep Kumar as member (infrastructure), P C Sharma as member (traction and rolling stock), P S Mishra as member (operations and business development), and Manjula Rangarajan as member (finance).

All the posts have been cleared by the Appointments Committee of Cabinet (ACC). The board will also include sectoral experts from the industry. The chairman will be the cadre-controlling officer responsible for human resources (HR), with assistance from a director-general (HR), which is another new post.

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