4th Apr 2008 10:40
Vedanta Resources PLC04 April 2008 4 April 2008 M S Mehta to succeed Kuldip Kaura as Vedanta CEO Vedanta Resources plc ("Vedanta") announced today that Kuldip K Kaura, ChiefExecutive Officer ("CEO") of Vedanta Resources Plc will retire from his presentresponsibilities on completion of his term on 30 September 2008. He will besucceeded by Mahendra S Mehta, currently the Chief Executive of Hindustan ZincLimited ("HZL"). During the intervening period, Mr Mehta will work closely withMr Kaura to ensure a smooth transfer of responsibilities. Mr Kaura joined Sterlite Industries (India) Limited ("Sterlite") in January 2002and soon assumed responsibility as the first Managing Director of Hindustan ZincLimited, following Vedanta's investment in the company. Upon listing of Vedantaon the London Stock Exchange in December 2003, he was first appointed ChiefOperating Officer and subsequently to his current position as Chief ExecutiveOfficer in March 2005. Mr Kaura has been instrumental in integrating andtransforming the Group's various operations, building the organisation andputting in place management philosophies and processes to achieve organisationexcellence. M S Mehta joined Sterlite in April 2000. Prior to assuming his current role asChief Executive of HZL in August 2005, he worked in the management team ofSterlite's Copper business and as Head of Group Marketing. Over the last twoyears, he has made a significant contribution to the rapid growth of HZL and thepresent stature it enjoys. "I would like to thank Kuldip, who has been a tremendous support to me duringthis phase of multifold growth and has played an instrumental role in thetransformation of Vedanta into a well admired and robust organisation, ready totake on opportunities of the future." said Mr. Anil Agarwal, Chairman, VedantaResources plc. "I am sure we will continue to benefit from his experience andhis continued association with the group. With the appointment of M S Mehta ashis successor, we are ensuring a smooth transition." For further information, please contact: Sumanth Cidambi [email protected] Associate Director - Investor Relations Tel: +44 20 7659 4732 / +91 22 6646 1531 Vedanta Resources plc Faeth Birch Robin Walker Finsbury Tel: +44 20 7251 3801 About Vedanta Resources plc Vedanta Resources plc is a London listed FTSE 100 diversified metals and mininggroup. Its principal operations are located throughout India, with furtheroperations in Zambia and Australia. The major metals produced are aluminium,copper, zinc, lead and iron ore. For further information, please visitwww.vedantaresources.com. Disclaimer This press release contains "forward-looking statements" - that is, statementsrelated to future, not past, events. In this context, forward-looking statementsoften address our expected future business and financial performance, and oftencontain words such as "expects," "anticipates," "intends," "plans," "believes,""seeks," "should" or "will." Forward-looking statements by their nature addressmatters that are, to different degrees, uncertain. For us, uncertainties arisefrom the behaviour of financial and metals markets including the London MetalExchange, fluctuations in interest and or exchange rates and metal prices; fromfuture integration of acquired businesses; and from numerous other matters ofnational, regional and global scale, including those of a political, economic,business, competitive or regulatory nature. These uncertainties may cause ouractual future results to be materially different that those expressed in ourforward-looking statements. We do not undertake to update our forward-lookingstatements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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