Vedanta Limited recently announced the appointment of Sunil Duggal as the interim Chief Executive Officer of the company.
Duggal’s appointment is followed by the resignation of Srinivasan Venkatakrishnan with effect from 5th April 2020, citing personal reasons. It is said that Venkat will rejoin his family in South Africa.
Commenting on Duggal’s appointment, Vedanta Chairman Navin Agarwal said, “We extend a warm welcome to Sunil Duggal who has been a mature and proven leader, held key leadership positions, as our Interim CEO. We look forward to Sunil taking the company to greater heights.”
The Board also welcomed and appointed Anil Agarwal as the Non-Executive Chairman of Vedanta Limited. Navin Agarwal will be the Executive Vice Chairman of the Board.
According to an official press release, the company will be run by a Management Committee comprising CEO, CFO, CHRO and CCO who will take all key decisions collectively under the guidance of the Chairman.
Sunil Duggal will take on additional charge as Interim CEO, Vedanta Limited along with his current role as CEO & Director of Hindustan Zinc Limited. He will report to the Chairman.
Sunil brings 36 years of rich and diverse leadership experience and has been associated with the group for the last 10 years. He has worked with Ambuja Cement in the past. Sunil is also an active member of several industry and advocacy forums.
Speaking about his appointment, Sunil Duggal said, “I am indebted to the company for this appointment. I am confident that at Vedanta, with its strong moorings, I will be able to steer the company through its trajectory of growth and contribute to the economic progress of our country.”
Sandeep is a journalism and mass communication graduate with a keen interest in politics and business. He is a part of Research & Content team at HrNxt.com.