Nepal Airlines Corporation (NAC) Managing Director (MD) Sugat Ratna Kansakar will no longer have a leadership role after the government appointed former MD Madan Kharel as executive chairman of the NAC board.
The Cabinet meeting Sunday night appointed Kharel granting executive authority to him as per clause 4(5) of the NAC Act, government spokesperson and Minister for Information and Communication Gokul Baskota confirmed with Setopati.
"The Nepal government can appoint chairman, vice-chairman or any director as executive chairman, executive vice-chairman or executive director handing over the duty and authority of the managing director according to this act if it so wishes. Perks and benefits of the executive chairman, executive vice-chairman or executive director so appointed will be as determined by the Nepal government," the act states.
There are speculations about what Kansakar will now do when two persons are in executive position in a single institution. Kansakar has said he will not resign and remain in the NAC as a board member for the rest of his term.
He told Setopati that he has concluded that resigning now when management of the wide-body airplanes he brought has not been completed will send a wrong message. "The government has asked me to take rest after such a taxing process of procurement of airplanes through this. It has not asked me to resign," he said."My term expires in April and I will serve as board member till then."
He took to social networking site Twitter later Sunday night to convey his decision. "
An interesting twist in NAC management- former Managing Director Madan Kharel is appointed by Cabinet meeting of Sunday 16th Sept as Executive Chairman. But I have decided not to resign, and stay back as “CEO with no executive power”! I know there will be lots of eyebrows raised," he tweeted.
