AngloGold Ashanti's Srinivasan Venkatakrishnan appointed CEO of Vedanta Resources

Venkat is a widely respected business leader in the global resources space, who brings to Vedanta an impressive set of values and a wealth of experience in corporate and other roles in the UK, Africa

Published: 16th April 2018 02:42 PM  |   Last Updated: 16th April 2018 02:42 PM   |  A+A-

Vedanta office building (Photo | Reuters)


NEW DELHI: Mining mogul Anil Agarwal-led Vedanta Resources plc today announced the appointment of Srinivasan Venkatakrishnan as the new chief executive of the company, replacing interim CEO Kuldip Kaura.

Venkatakrishnan, or Venkat as he is known, is currently the CEO of Johannesburg-based AngloGold Ashanti Ltd, the world's largest emerging market gold producer.

Venkat, 53, will assume the new role effective August 31, the company said in a statement.

Vedanta had in August last year appointed an interim chief executive, Kaura, to replace Tom Albanese.

Albanese, a former chief executive of rival Rio Tinto, returned to the US after his three-year contract, which was extended by five months, expired at the end of August.

Kaura was made interim CEO from September 1 but he did not serve as a director on the board.

He will continue in the role till Venkat joins.

Venkat would be a member of the board of directors effective August 31, the statement said.

Since 2013, Venkat has been CEO of AngloGold Ashanti Ltd.

Between 2005 and 2013, he was AngloGold Ashanti's Chief Financial Officer and prior to this, he was CFO of London-listed Ashanti Goldfields Ltd.

Agarwal, Chairman of Vedanta, said, "We have gone through a very thorough search process and are delighted to invite Venkat to join Vedanta in the position of CEO.

Venkat is a widely respected business leader in the global resources space, who brings to Vedanta an impressive set of values and a wealth of experience in corporate and other roles in the UK, Africa, Australia, South America and India.

" He also has a strong track record of managing a complex portfolio of operating assets and projects across Africa, he said.

"He has proved his ability to deliver significant operating and financial improvements, while also ensuring important advances in sustainability."

Venkat said Vedanta has an outstanding reputation as a global, diversified resources business with world-class assets and an exceptional team.

"My initial focus will be to ensure continued operational excellence, efficient cost management and capital discipline across the portfolio, while continuing to drive improvements to the overall sustainability performance of the business, thereby creating long-term value for all stakeholders," he said.

Kaura, who started off working for ABB India, was chief executive of Vedanta between 2005 and 2008.

He has since worked as president of the chairman's office at the company.

Venkat is a qualified Chartered Accountant who holds a Bachelor's degree from the University of Madras.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp