Information  X 
Enter a valid email address

Vedanta Resources (VED)

  Print      Mail a friend       Annual reports

Friday 04 April, 2008

Vedanta Resources

Directorate Change

Vedanta Resources PLC
04 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, Chief
Executive Officer ('CEO') of Vedanta Resources Plc will retire from his present
responsibilities on completion of his term on 30 September 2008. He will be
succeeded by Mahendra S Mehta, currently the Chief Executive of Hindustan Zinc
Limited ('HZL'). During the intervening period, Mr Mehta will work closely with
Mr Kaura to ensure a smooth transfer of responsibilities.


Mr Kaura joined Sterlite Industries (India) Limited ('Sterlite') in January 2002
and soon assumed responsibility as the first Managing Director of Hindustan Zinc
Limited, following Vedanta's investment in the company. Upon listing of Vedanta
on the London Stock Exchange in December 2003, he was first appointed Chief
Operating Officer and subsequently to his current position as Chief Executive
Officer in March 2005. Mr Kaura has been instrumental in integrating and
transforming the Group's various operations, building the organisation and
putting in place management philosophies and processes to achieve organisation
excellence.


M S Mehta joined Sterlite in April 2000. Prior to assuming his current role as
Chief Executive of HZL in August 2005, he worked in the management team of
Sterlite's Copper business and as Head of Group Marketing. Over the last two
years, he has made a significant contribution to the rapid growth of HZL and the
present stature it enjoys.


'I would like to thank Kuldip, who has been a tremendous support to me during
this phase of multifold growth and has played an instrumental role in the
transformation of Vedanta into a well admired and robust organisation, ready to
take on opportunities of the future.' said Mr. Anil Agarwal, Chairman, Vedanta
Resources plc. 'I am sure we will continue to benefit from his experience and
his continued association with the group. With the appointment of M S Mehta as
his successor, we are ensuring a smooth transition.'


For further information, please contact:

Sumanth Cidambi                           sumanth.cidambi@vedanta.co.in

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 mining
group. Its principal operations are located throughout India, with further
operations in Zambia and Australia. The major metals produced are aluminium,
copper, zinc, lead and iron ore. For further information, please visit
www.vedantaresources.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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange