India, April 22 -- State-owned REC Ltd announced on Tuesday the appointment of Jitendra Srivastava as its new Chairman and Managing Director (CMD), effective immediately.
Srivastava succeeds Parminder Chopra, CMD of Power Finance Corporation, who was holding additional charge as REC's CMD, the company said in a regulatory filing.
According to the filing, the Ministry of Power has confirmed Srivastava's appointment. He previously served as Joint Secretary in the Department of Drinking Water and Sanitation under the Ministry of Jal Shakti and will assume the role at REC Ltd at the rank and pay scale of an Additional Secretary to the Government of India.
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