The Centre has appointed AB Khare as the Chairman and Managing Director of the state-run Madras Fertilzers for a five-year term.

In August last year, the government headhunter Public Enterprise Selection Board (PESB) had recommended the name of Khare for the post of CMD at Madras Fertilizers Ltd (MFL).

Khare will succeed I Vijay Kumar. His name was finalised after interviewing 7 shortlisted candidates.

Khare was previously working with state—owned fertiliser firm Rashtriya Chemicals and Fertilizers as Chief General Manager (Commercial).

“The President is pleased to appoint of A B Khare to the post of CMD, MFL in the pay scale of Rs 75,000-90,000 for a period of five years with effect from the date of assumption of charge of the post or till the date of his superannuation, or until further orders, whichever is the earliest,” the Fertiliser Ministry said in an notification.

MFL was incorporated in 1966 as a joint venture between the Government of India and Amoco India, a subsidiary of Standard Oil Company of the USA. It is under the administrative control of the Fertiliser Ministry.

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