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Vedanta Appoints Venkat As New CEO

AIM-listed diversified global resources company, Vedanta Resources, has appointed Srinivasan Venkatakrishnan (Venkat) as its new CEO and a member of the board.
Image: Martin Rhodes - ©Business Day Image: Martin Rhodes - ©Business Day

Venkat’s appointment is effective from August 31st, 2018. He succeeds Kuldip Kaura, the current Interim CEO.

Since 2013, Venkat (53) has been CEO of AngloGold Ashanti, the world’s largest emerging market gold producer. Between 2005 and 2013, he was AngloGold Ashanti’s CFO and prior to this, he was CFO of London-listed Ashanti Goldfields, the company said in a statement.

Anil Agarwal, chairman of Vedanta Resources, said that 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.

“He also has a strong track record managing a complex portfolio of operating assets and projects across Africa. He has proved his ability to deliver significant operating and financial improvements, while also ensuring important advances in sustainability.”

Incoming CEO, Srinivasan Venkatakrishnan’s 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.

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