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30 Sep 2016 15:26
Vedanta Resources plc
16 Berkeley Street
London W1J 8DZ
Tel: +44 (0) 20 7499 5900
Fax: +44 (0) 20 7491 8440
www.vedantaresources.com
30 September 2016
Vedanta Resources Plc ("Vedanta") CFO Appointment
Vedanta Resources Plc announces that Arun Kumar, who is currently Deputy Chief Financial Officer at Vedanta, has been appointed Chief Financial Officer of the Vedanta group.
Arun takes over from DD Jalan, Vedanta's group Chief Financial Officer, and Whole-time Director of Vedanta Limited, who superannuates effective September 30th, after almost 16 years with the group.
Anil Agarwal, Chairman, Vedanta said, "I have worked closely with DD, and thank him for his sound advice, integrity and commitment, which has made a positive impact to Vedanta's journey. DD's business insight in the role of CFO for the last decade has empowered the Vedanta team, and I am pleased that the company is well positioned to deliver on its strategic initiatives, with Arun taking up the mantle."
DD Jalan joined the Group in 2001 and as a key member of the Executive Committee, he has played a significant role in the listing of Vedanta at LSE and NYSE, and working closely with Business CEOs in achieving business objectives. DD will continue to provide transition support to the leadership team.
Arun Kumar joined Vedanta in 2013 as CFO for the company's Aluminium & Power business. In 2014, he moved into his current role as Executive Vice President Finance & Deputy CFO. As a Chartered Accountant, Arun has over 21 years of experience at global companies such as Hindustan Unilever India and General Electric. Prior to Vedanta, Arun was the CFO for General Electric's Asia-Pacific Lighting & Appliances businesses based out of Shanghai.
About Vedanta Resources plc
Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland and Australia. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. To access the Vedanta Sustainable Development Report 2016, please visit http://sd.vedantaresources.com/SustainableDevelopment2015-16/. For more information on Vedanta Resources, please visit www.vedantaresources.com.
For further information, please contact:
Roma Balwani
President - Group Sustainability, CSR and Communications
Tel: +91 22 6646 1000
gc@vedanta.co.in
Disclaimer
This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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