State-run Power Finance Corporation (PFC) on 29 May 2020 announced the appointment of Ravinder Singh Dhillon as Chairman and Managing Director from June 1 following superannuation of Rajeev Sharma this month.

Dhillon's appointment as Chairman and Managing Director will be with effect from the date of assumption of charge of the post on or after June 2020.

He would hold the post till the date of his superannuation (May 31, 2023) or until further orders.

Incumbent CMD Rajeev Sharma is attaining superannuation on May 31, 2020, after a glorious career spanning close to four decades.

He has been instrumental in PFC's transformation as one of India's largest financial and lending institutions in the power sector and the fourth largest profit-making CPSE on a consolidated basis.

In the PFC, he has worked in various capacities for over 25 years, handling Project Appraisal, Business Development, Stressed Assets Revival and Monitoring of projects.