Government has decided to separate the post of Chairman and Managing Director and Chief Executive Officer, CEO in public sector banks. A Finance Ministry statement said that now the Chairman in public sector banks other than State Bank of India will be a part- time board member who would preside over the board meetings and will not be an Executive Chairman. It said, the selection procedure for part- time Chairman would be announced shortly. In pursuance of the decision, the government has appointed four Managing Directors and CEOs in United Bank of India, Oriental Bank of Commerce, Indian Overseas Bank and Vijaya Bank. Their appointments will be for a period of three years or till the date of superannuation, whichever is earlier. The appointment in Syndicate bank is still under consideration and it would be decided very soon. On the other hand, the Government has decided to go for a fresh selection procedure for the post of Chairman and MD and CEO in Bank of Baroda, Punjab National Bank and Canara Bank, which are 'A' category large banks.