 "T V Somanathan to be new FMC chairman")
The current chairman is Ramesh Abhishek. He had received two extensions since July, amid the National Spot Exchange Limited crisis. Abhishek, a 1982 batch officer of the Indian Administrative Services (Bihar cadre), was appointed FMC’s interim chairman after B C Khatua’s tenure came to an end in 2011. On September 24, 2012, Abhishek was appointed chairman. Somanathan, a 1987 batch IAS officer of the Tamil Nadu cadre, has served as secretary to the chief minister under Dravida Munnetra Kazhagam rule and is currently on a World Bank assignment.
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