Kuldip Kaura appointed as interim CEO of Vedanta Limited as Tom Albanese steps down
The board of Vedanta Limited has on Thursday announced the appointment of Kuldip Kaura as the interim chief executive officer from September 1, 2017 as former CEO Tom Albanese steps down on August 31.
In the meantime the search for a new CEO is going on.
Kaura has held various senior management and leadership roles with the group for 15 years by virtue of which "he has extensive knowledge of Vedanta’s operations", the release said.
"On behalf of the board and my colleagues at Vedanta, I thank Tom for his significant contribution to the business and wish him all the best for his future endeavours. Kuldip has the full support of the board and the management team and I am certain that he will ensure a smooth transition as we identify a permanent CEO." chairman, Vedanta, Navin Agarwal said.
Agarwal had earlier said that the new CEO could either be from within the group or an external candidate.
Commenting on his appointment, Kaura said, “I look forward to working with the chairman, the board and the excellent management team at Vedanta. I have every confidence that we will maintain the business' current momentum and continue to deliver on our strategy focused on production growth, cash generation and deleveraging."
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