Ashok Lavasa to get a new post as VP in Asian Development Bank

New Delhi: Ashok Lavasa, a former finance secretary and Election Commissioner is set to join ADB (Asian Development Bank) Philippines as a vice president. His premature exit from his current post will be second in Election Commission’s history. He has still two years of tenure left in this term. In 1973, Chief Election Commissioner Nagender Singh had resigned before completing his term at the Election Commission to become a judge of the International Court of Justice.

As a Chief Election Commissioner, he would have conducted upcoming elections in many states such as Uttarakhand, Punjab, Uttar Pradesh, West Bengal,  Manipur and Goa, among other states. Sources say, his appointment to the ADB was finalized with the concurrence of the union government. However, Lavasa hasn’t commented on this matter, neither he informed whether he resigned from his current designation.

ADB appoints a vice president for a term of three years, which can be extended by another two years. The ADB president heads a management team comprising six vice presidents. Lavasa will succeed vice president Diwakar Gupta, who is in charge of private sector operations, and public-private partnerships. Gupta completes his term on August 31.

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