MUMBAI, India, Sept. 30, 2016 /PRNewswire/ -- Vedanta Limited
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, responsible for enhancing the capability of the
finance function in the areas of accounting, risk management,
driving value creation, strategic planning, re-financing, board
reporting and governance and direct taxation. 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 Limited (Formerly Sesa Sterlite
Limited.)
Vedanta Limited is a diversified natural resources company,
whose business primarily involves producing oil & gas, zinc -
lead - silver, copper, iron ore, aluminium and commercial power.
The company has a presence across India, South
Africa, Namibia,
Australia and Ireland.
Vedanta Limited is the Indian subsidiary of Vedanta Resources
Plc, a London-listed company.
Governance and Sustainable Development are at the core of Vedanta's
strategy, with a strong focus on health, safety and environment and
on enhancing the lives of local communities. The company is
conferred with the Confederation of Indian Industry (CII)
'Sustainable Plus Platinum label', ranking among the top 10 most
sustainable companies in India. To
access the Vedanta Sustainable Development Report 2016, please
visit
http://sd.vedantaresources.com/SustainableDevelopment2015-16/
Vedanta Limited is listed on the Bombay Stock Exchange and the
National Stock Exchange in India
and has ADRs listed on the New York Stock Exchange.
For more information please visit
www.vedantalimited.com
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.
Photo - http://photos.prnewswire.com/prnh/20150422/740375
For further information, please
contact:
Roma
Balwani
President - Group Communications and
Sustainable Development
Tel: +91-22-6646-1000
gc@vedanta.co.in