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Vedanta CEO Srinivasan Venkatakrishnan quits

Vedanta CEO Srinivasan Venkatakrishnan quits

S Venkatakrishnan has resigned as Chief Executive Officer (CEO) of Vedanta Ltd citing personal reasons.

 

The resignation will effective from 5th April 2020. The mining firm has appointed Sunil Duggal, the current head of Vedanta unit Hindustan Zinc Ltd. Duggal as its interim CEO.

 

"The board of directors of the company in their meeting held on March 27, 2020, have...taken note of the resignation of S Venkatakrishnan from the position of the whole-time director and CEO of the company with effect from the closure of business hours on April 5, 2020, on account of personal reasons," Vedanta said in the statement.

 

“I am indebted to the company for this appointment. I am confident that at Vedanta, with its strong moorings, I will be able to steer the Sensitivity: Internal (C3) company through its trajectory of growth and contribute to the economic progress of our country.”  Sunil Duggal said on his appointment. 

 

The company has also named Anil Agarwal as its Non-executive Chairman. He replaces his brother Navin, who will now serve as Executive Vice Chairman of the Board.

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