Venkat appointed CEO of Vedanta Resources

Wednesday 18th April 2018 06:19 EDT
 
 

Johannesburg-based AngloGold Ashanti Ltd CEO Srinivasan Venkatakrishnan has been appointed as the new chief executive of Anil Agarwal-led Vedanta Resources replacing interim CEO Kuldip Kaura. Venkat, as he is known, will assume charge on August 31, the company said in statement. Since 2013, Venkat has been CEO of AngloGold Ashanti Ltd. Between 2005 and 2013, he was AngloGold Ashanti’s Chief Financial Officer and prior to this, he was CFO of London-listed Ashanti Goldfields Ltd.

Agarwal, Chairman of Vedanta, said: “We have gone through a very thorough search process and are delighted to invite Venkat to join Vedanta in the position of CEO. Venkat is a widely respected business leader in the global resources space, who brings to Vedanta an impressive set of values and a wealth of experience in corporate and other roles in the UK, Africa, Australia, South America and India.”

“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 long-term value for all stakeholders,” Venkat said. Venkat is a qualified Chartered Accountant who holds a Bachelor’s degree from the University of Madras.


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