9.5 C
Alba Iulia
Wednesday, November 25, 2020

Vedanta CEO resigns

Economy Vedanta CEO resigns

Vedanta Ltd says its Chief Executive Officer Srinivasan Venkatakrishnan has resigned citing personal reasons.

The resignation will be effective April 5, Vedanta said in a Bombay Stock Exchange filing.

“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 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.

The company said Sunil Duggal, the whole-time Director, and CEO of Hindustan Zinc Ltd, a subsidiary of Vedanta, will take additional charge as an interim CEO of Vedanta Ltd. from April 6.

The company further announced the appointment of Anil Agarwal as an additional non-executive director designated as chairman of the company’s board with effect from Saturday.

The board has also re-designated Navin Agarwal as executive vice-chairman of the company’s board with effect from the close of business hours on

13 COMMENTS

  1. Its normal. No position is for life. We also need to give the younger generation an opportunity to lead. For example in my case I have left my previous role to take up another senior role. Movements in positions creates opportunities along the chain of command. Rest well mr CEO. Enjoy retirement. Myself I aim to retire in the next 10 years. Kz

    4
    19
  2. By the way, I visited India a few years ago and couldn’t believe the racism against blacks there. They hate blacks more than gays there. So you can imagine how hard it was for me being a black gay man with British accent.

    7
    8
  3. You have no creativity no spine hence the reason you clone accounts Kz aka N3z the coon. All you can do is tarnish people like you do with Kz…sad boyo!!

    6
    1
  4. They can change CEOs as much as they want but their agenda remains the same – to rip off our resources big time. At least they could show some decency by donating some masks, sanitizers etc. for the hospitals and the Zambian work force.

  5. The corporate world is not like politics. If the targets you promise the board to achieve are not met and become a moving target, you either jump or get pushed.

  6. KAINZI ZURU, ARE YOU NOT THE ONE WHO WAS SUPPORTING INONGE WINA TO STAND IN 2021 GENERAL ELECTIONS FOR PRESIDENCY. CAN NOT YOU SEE YOU ARE FEEDING YOURSELF WHAT YOU VOMITTED PREVIOUSLY? KANYAU IWE!

Comments are closed.

- Advertisement -
Loading...
- Advertisement -

Latest News

Do not politicize voter’s registration exercise – GBM

Patriotic Front (PF) Vice National Chairperson for Mobilization Geoffrey Mwamba has urged Mpulungu residents not to politicize the ongoing...

President Lungu concerned with the increased cases of reported fish thefts in cages

President Edgar Lungu has expressed concern with the increased cases of reported fish thefts in cages. President Lungu said the vice is a...

Heavy rains leaves trail of destruction in Itezhi-Tezhi

Property worth thousands of kwacha has been destroyed following a night of strong winds and heavy rains in Itezhi Tezhi District in Central Province. The...

Speaker urges MPs to be ambassadors of peace

Speaker of the National Assembly of Zambia Patrick Matibini has urged law makers to take advantage of their strategic position in Zambian politics to...

The Current Voter Registration is in a Mess

By Charles Kakoma, UPND Spokesman. Many people are disappointed and upset with the current voters registration exercise. After visiting many registration centres, I...

More Articles In This Category