Vedanta hires Venkatakr­ish­nan as chief ex­ec­u­tive

Business Standard - - COMPANIES - ADITI DIWEKAR

Anil Agar­wal-led Vedanta Re­sources has ap­pointed Srini­vasan Venkatakr­ish­nan ( pic­tured) the chief ex­ec­u­tive of­fi­cer (CEO), ef­fec­tive Au­gust 31, 2018. Venkatakr­ish­nan (53), who would be part of the board of di­rec­tors, would suc­ceed Kuldip Kaura, in­terim CEO.

“Venkat brings a wealth of ex­pe­ri­ence in cor­po­rate and other roles in the UK, Africa, Aus­tralia, South Amer­ica, and In­dia. He also has a strong track record man­ag­ing a com­plex port­fo­lio of op­er­at­ing as­sets and projects across Africa,” Agar­wal said.

Since 2013, Venkatakr­ish­nan has been CEO of AngloGold Ashanti, the world’s largest emerg­ing gold pro­ducer. Be­tween 2005 and 2013, he was AngloGold’s CFO and prior to this, he was the CFO of Lon­don-listed Ashanti Gold­fields.

“My ini­tial fo­cus will be to en­sure con­tin­ued op­er­a­tional ex­cel­lence, ef­fi­cient cost man­age­ment, and cap­i­tal dis­ci­pline across the port­fo­lio, while con­tin­u­ing to drive im­prove­ments to the over­all sus­tain­abil­ity per­for­mance of the busi­ness, thereby cre­at­ing along term value for all stake­hold­ers ,” Srini­vasan Venkatakr­ish­nan said.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.