Former oil secretary Vivek Rae quits IOC board

Former oil secretary Vivek Rae has resigned as independent director from the board of Indian Oil Corporation (IOC) owing to differences with the company management.

In a regulatory filing, IOC said, "Vivek Rae, Independent Director has ceased to be a Director on the board of IOC with effect from June 4, 2018, consequent upon his resignation on June 3, 2018."